GEMZ Corp. Reports Market for Nanotechnology-based Power Growing More Than 30% per Year.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- GEMZ Corp., (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : GMZP) takes note of published reports indicating that the market for technology being developed by International Nanotechnology Corp., a subsidiary of GEMZ Corp. is growing at a rate exceeding 30% per year. SolarBuzz.com (http://www.solarbuzz.com/Marketbuzz2004-intro.htm) reports that World solar photovoltaic The generation of voltage by a material that is exposed to light in the visible and invisible ranges. See photoelectric and photovoltaic cell. market installations soared to 574 Megawatts in 2003, representing growth of 34% over 2002. Solar power generates less than 1 percent of the electricity in the United States, according to Robert Margolis, a senior analyst with the U.S. Department of Energy, providing a huge growth opportunity. "Solar energy power generation is growing 20 percent to 30 percent a year, and that's not shabby," said Roberta Gamble, an energy analyst at Frost & Sullivan, the Palo Alto market research firm that recently completed a report on the industry. Over the last 20 years, improvements in manufacturing techniques gradually lowered the costs of solar cells. That has widened their use, which in turn has led to further expansions in the market and further economies of scale. "Basically every three years, the overall industry volume doubles, and for every doubling of volume you reduce costs 18 percent," said Tim Woodward, a venture capitalist Venture Capitalist An investor who provides capital to either start-up ventures or support small companies who wish to expand but do not have access to public funding. Notes: Venture capitalists usually expect higher returns for the additional risks taken. at Nth Power, a San Francisco firm that invests in energy technologies. "Right now, this is a real industry that's growing 30 percent a year," said Woodward, whose firm invests in solar cell manufacturing technology. GEMZ Corp. is investing in the development of solar-powered technology against this positive background of a rapidly-growing market. About GEMZ Corp. GEMZ Corp. is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. located in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . Its new corporate website is www.gemzcorp.net. Its subsidiary, International Nanotechnology Corp. (INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. ) is developing a solar-powered solution for powering cellphones and laptop computers. INC recently entered into a definitive agreement with TSDC-N, a joint venture created by Terra Solar Development Corp. (TSDC TSDC Thermally Stimulated Depolarization Currents TSDC Toga Subsurface Data Center TSDC Trident Signal Data Converter ) and Dr. S Dr. Doctor. dr. dram. . Kulcsar. TSDC is a leading developer of photovoltaic and nanocell technology. As announced, INC will acquire substantially all of its nanotechnology assets of TSDC-N and an exclusive license to sell certain photovoltaic products being developed by TSDC in the United States as well. The INC product is believed to be the first to use PV Nanofilms, which combine thin films and nanotechnology so they it can also work indoors in most lighting situations. Nanofilms have elements below 1000 and even below 100 nanometers. The National Science Foundation (NSF NSF - National Science Foundation ) defines nanotechnology as consisting of components and elements 1000 nanometers and under. (1 nanometer is one billions of a meter or 10 Angstroms). Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This press release contains forward-looking statements that involve risks and uncertainties. This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," "promise," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Other risks are reflected in GEMZ Corp.'s filings with the Securities and Exchange Commission. |
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