A Tesla battery expert said that a large amount of the solvent DMC dimethyl carbonate will be used in the electrolyte of the new battery produced by itself, and the addition ratio is as high as 70%, which is 6 times higher than before. At the same time, the new battery will use a variety of new electrolyte additives. The exclusive supplier of DMC and additives is a Chinese manufacturer named Shi Dashenghua.
Category: Energy
Cleantech Group Names TRENDE Inc. a 2020 APAC 25 Company
2020 List Identifies Leading Private Clean Technology Companies in Asia Pacific
TRENDE Inc., an online renewable energy retailer in Japan, has just been included in the 2020 APAC 25 list produced by Cleantech Group, a global provider of research, consulting and events to catalyse opportunities in sustainable innovation.
The APAC 25 is a list of independent companies from the Asia Pacific region engaged in sustainable innovation that are viewed by the market as likely to have significant impact in a five-to-ten-year time frame.
Cleantech Group put together the third annual list of 25 companies through a combination of APAC-related inputs from the annual Global Cleantech 100 process and detailed contributions from an APAC 25 expert panel. The companies on the list had the strongest patterns of agreement across all the input points and were scored the highest.
“Although only customers can truly validate what we are doing it is encouraging to be included in the APAC 25 list. The main problem we are trying to address is the climate crisis. Obviously, this is a massive and complex problem. No single solution or company will solve the climate crisis. But anything we can do to accelerate the widespread adoption of solar power in Japan will definitely help, and this is the mission that we are undertaking,” said Jeffrey Char, Chairman and Co-founder at TRENDE.
Members of the APAC 25 expert panel play an important role in creating the list. Each provides between three and nine nominations, no more than a third of which can be portfolio companies (in the case of investors). Expert panellists can weight their nominations, and all nominations are blind (no expert sees the other panellists’ nominations). These nominations are then combined with the outcomes from the Global Cleantech 100 process, which benefits from thousands of data points.
The third annual APAC 25 list is made possible by the continuing support of ADB Ventures and Enterprise Singapore.
“The Asia Pacific region will dominate some of the new industries and supply chains that will emerge from global mega-trends such as alternative proteins, electrification and new mobility, to name but three,” said Richard Youngman, CEO of Cleantech Group. “It will also be a leader in digitalization, given its weight of population and the size of its industrial base. Both dynamics are borne out in our third annual APAC 25 list of rising star innovation companies from around the region.”
– For more information on TRENDE’s leadership in clean technology, visit i3connect.com, Cleantech Group’s leading market intelligence platform, and search for TRENDE.
– The complete list of APAC 25 expert panel members is available at https://i3connect.com/apac25/panelist.
– The 2020 APAC 25 companies will be featured online on October 20, 2020 in Cleantech Interactive’s October edition (https://interactive.cleantech.com/).
About Cleantech Group
Cleantech(R) Group provides research, consulting and events to catalyze opportunities for sustainable growth powered by innovation. At every stage from initial strategy to final deals, we bring corporate change makers, investors, governments and stakeholders from across the ecosystem the access and customized support they need to thrive in a more digitized, de-carbonized and resource-efficient future.
MEDIA CONTACT:
Laura Dolby
Cleantech Group
Tel: +44 (0) 203-743-8615
Email: laura.dolby@cleantech.com
About TRENDE
TRENDE Inc. is an innovative online renewable energy retailer selling electricity to residential customers in Japan via its Hot Denki (https://hotdenki.jp) and Ashita Denki (https://ashita-denki.jp/) service websites. TRENDE’s mission is to accelerate the widespread adoption of renewable energy and redefine the energy ecosystem in Japan with a customer-centric business model and innovative P2P platform. The company’s investors include Tokyo Electric Power, ITOCHU, Idemitsu and Dubai Electricity and Water Authority. For more information, please visit http://trende.jp/.
MEDIA CONTACT:
TRENDE Inc.
Email: pr@trende.jp
Pacific Green Marine Technologies, Inc. Installs its 100th Envi-Marine(TM) Exhaust Gas Cleaning System
Pacific Green Technologies, Inc. (the “Company” or “PGTK”, (OTCQB:PGTK) announces that it has successfully installed its 100th ENVI-Marine(TM) exhaust gas cleaning system.
PGTK’s industry leading ENVI-Marine(TM) exhaust gas cleaning systems have now been installed on more than 40 different ship types, including containers, bulk carriers and oil tankers. The installations have been completed predominantly in China shipyards in conjunction with PGTK’s joint venture partner, PowerChina SPEM.
Scott Poulter, PGTK’s Chief Executive commented: “We are very proud to have reached this milestone in our marine division. Although the industry has been in turmoil so far in 2020 with oil price pressure and the consumer demand effects of Covid-19, we have started to see positive signs with a significant increase in enquiries over the past few months for our ENVI-Marine(TM) System.”
PGTK has continued to expand its technologies through its acquisition of ENGIN in December 2019 so that its portfolio now includes Concentrated Solar Power (CSP) and Water Desalination. PGTK continues to actively seek complementary technologies to add to its Cleantech portfolio.
Scott added: “Pacific Green is now targeting specific industries and sectors where its technology enhances the growing trend for Cleantech solutions. As well as having the capability and resources to carry out whole large scale projects, Pacific Green will continue to develop and produce new cutting edge products as we expand into new areas.”
PGTK’s joint venture with PowerChina SPEM, one of the world’s largest engineering, procurement and construction companies with annual revenues of around $50 billion, combines elite technical expertise with unrivalled production capabilities in China ensuring PGTK can scale efficiently in each industry sector.
PGTK will continue to adhere to a high-quality development strategy, implement improved processes in all disciplines, and provide state of the art professional and efficient products and services for its customers.
About Pacific Green Technologies, Inc.
Pacific Green Technologies Inc. is focused on addressing the world’s need for cleaner and more sustainable energy. The Company’s strategy is to build through organic development and acquisition, a portfolio of patented competitive cutting edge technologies designed to meet increasingly stringent environmental standards. For more information, visit PGTK’s website: www.pacificgreentechnologies.com
About POWERCHINA SPEM Co. Ltd
POWERCHINA SPEM is a subsidiary of POWERCHINA, the largest power equipment manufacturer in the PRC. With abundant resources, expertise, strong manufacturing capacity, domestic sales channels and rich experience, POWERCHINA SPEM is in a strong position to deploy PGTK technology throughout the PRC.
Notice Regarding Forward-Looking Statements:
This news release contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the ongoing effects of the pandemic on delays and orders regarding Pacific Green’s emission control system, potential business developments in India and future interest in our solar and desalination technologies.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, general economic and political conditions, the continuation of the JV with POWERCHINA SPEM, and the ongoing impact of the pandemic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Contact:
Scott Poulter, Chairman & CEO
Pacific Green Technologies
T: +1 (302) 601-4659
SOURCE: Pacific Green Technologies, Inc.
Greenbriar Capital Corp Reports $2,771,759 or $0.12 per Share of Net Income in Q2 2020
Greenbriar Capital Corp. (TSXV: GRB) (OTC Pink: GEBRF) (“Greenbriar”) is pleased to announce that it has earned net income of $2,771,759 or $0.12 per share for the three (3) months ended June 30, 2020. The unaudited Financial Statements and the respective Management Discussion and Analysis are available for viewing at www.sedar.com.
About Greenbriar Capital Corp
Greenbriar is a leading developer of renewable energy and sustainable real estate. With long-term, high impact, contracted sales agreements in key project locations and led by a successful, industry-recognized operating and development team, Greenbriar targets deep valued assets directed at accretive shareholder value. Greenbriar and its advisors have closed over $180 Billion in renewable energy projects since 2003.
ON BEHALF OF THE BOARD OF DIRECTORS
“Jeff Ciachurski”
Jeffrey J. Ciachurski
Chief Executive Officer and Director
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain forward-looking statements. All statements, other than statements of historical fact, constitute “forward-looking statements” and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company’s strategy, plans or future financial or operating performance and other statements that express management’s expectations or estimates of future performance.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/63121
Tianneng Power’s 2020 Interim Results Scaled the Heights Again
Profit Attributable to the Owners of the Company Increased Substantially by 40.42% to RMB837 Million
Basic EPS Increased by 40.42%
Tianneng Power International Limited (“Tianneng Power” or the “Company”), together with its subsidiaries, (the “Group”; stock code: 819.HK), today announced its interim results for the 6 months ended 30 June 2020 (“During the reporting period”).
In the first half of the 2020, despite a complex and unpredictable external environment, the Group’s main businesses maintained stable growth momentum with steady progress and improvement of quality. During the reporting period, the Group’s sales revenue amounted to approximately RMB22,635 million, representing an increase of 14.26% year-on-year. The gross profit was approximately RMB2,116 million, representing an increase of 14.23% as compared with the same period last year. It was mainly attributable to an increase in sales volume and a growth in the battery gross profit margin. The gross profit margin was approximately 9.35%, which remained stable as compared with the same period last year. The net profit was approximately RMB860 million, representing an increase of 45.57% year-on-year.
Strives for Progress on High-end Eco-friendly Batteries Business
High-end eco-friendly batteries are one of the Group’s main businesses, providing the Group with a solid cash flow. During the reporting period, the sales revenue of high-end eco-friendly batteries was approximately RMB11,641 million. The Company has now formed a product system based on lead batteries and supplemented by lithium batteries that includes motive, start-stop and energy storage batteries. Among these types of batteries, lead batteries have a history of more than 160 years. Characterised by their high safety, high recyclability, high price-performance ratio, mature technology and excellent performance in high and low temperature environment, lead batteries enjoy a sharp competitive edge. As a result, lead batteries occupy a leading position in the global market of rechargeable batteries and are currently the most commonly used batteries in vehicles and equipment such as light electric vehicles, special electric vehicles and start-stop systems in automobiles. The overall market demand for them will continue to grow steadily.
In the future, the fields of application for lead batteries will continue to grow and expand, and the related technologies and processes will continue to develop with the aim of achieving higher energy densities, higher price-performance ratio and higher safety. With the in-depth application of the 5th generation mobile network (5G), lead batteries will also go “smart” with features like identifiability and traceability, remote controllability and connectivity to the Internet of things.
Rapid Development of New Energy Batteries Business
As one of the new energy batteries, the lithium-ion battery is an important strategic segment of the Group. During the reporting period, the Group’s operating revenue in the new energy battery business was approximately RMB403 million, representing an increase of 58.08% year-on-year. In November 2019, Tianneng signed a cooperation agreement with SAFT, a subsidiary of the French company Total S.A., one of the world’s top 500 enterprises, to form a joint venture that focuses on the development, manufacture and sale of advanced lithium-ion batteries for the Chinese and global markets. The cooperation with SAFT will allow the Group to share the world-leading lithium battery company’s rich experience in the construction and management of R&D systems and technological reserve to enhance the Group’s global competitiveness. Over the years, the Group has continued to expand its product line of lithium-ion batteries. In addition to the sector of motive batteries, the Group’s lithium battery business has also gained a foothold in smart energy storage, 3C and backup battery industries. The Company won the awards of “Best Provider of Systems Integration Solutions” and “Best Demonstration Project for Energy Storage” at the 7th Global Solar+Energy Storage Conference & Expo (2020) July this year.
The Company will further increase its cooperation with renowned battery companies in and outside China, deepen its distribution in the sectors of lithium-ion motive batteries for special vehicles and lithium-ion batteries for smart energy storage, and pay close attention to the technological trends and market developments of automobile start-stop lithium batteries, lithium-sulfur batteries and solid-state batteries, so as to make the lithium-ion battery business one of the Company’s core segments and enhance the market competitiveness of the Company’s lithium battery business.
Green New Materials Business Scudding along before the Wind
The Company is the first enterprise to develop circular business. After over ten years of technology accumulation and scientific operations, green new materials segment has become one of the three major businesses of the Company, and has had an important position in the Company’s future development plan. In the first half of this year, the Group accelerated the industry distribution, and focused on the development of circular business. During the reporting period, the Group’s external operating revenue in green new materials business recorded approximately RMB397 million. The Group will continue to put much effort in the circular business, gradually expand the categories of renewable materials for recycling, and at the same time extend to the up and down streams in the industry, thus steadily progress towards the goal of setting up large circular industry clusters.
Strategic Blueprint for Global Presence, Market Share Expansion
During the first half of this year, the Group leveraged on its overseas offices as the “bridgehead”, deeply explored the market potentials in regions such as Southeast Asia, South Asia, Europe as well as Central and East Africa, constantly developed new markets and sectors, and used its overseas business division as platforms, thereby enhancing international communications and cooperation. The Group will continue to strengthen cooperation with scientific research platforms overseas, integrate world’s top technological resources, thus foster core technological advantages for the entire industrial chain. At the same time, the Group continues to seek mergers and acquisitions opportunities for upstream and downstream products, and establishes research and development production bases overseas in due time while creating a global supply chain network, with the Group striving to become the “world’s leading green energy solution provider”.
Capital Development
In accordance with the results of the 51st review meeting of the Listing Committee for Science and Technology Innovation Board of the Shanghai Stock Exchange in 2020 that was held on 6 July 2020, the issue of A shares by Tianneng Battery Group Co., Ltd. and the listing of the A shares of the Spin-off Company on the Science and Technology Innovation Board of the Shanghai Stock Exchange has been approved by the Listing Committee.
Looking to the future, Mr. Zhang Tianren, the Chairman of the Board, said, “The Group will adhere to the sustainable development strategy of “new materials, new structures, new technologies, new sectors”, follow the strategic direction of “artificial intelligent, globalization, platform-building”, strive to seek after diversified fund raising channels to assist businesses with sufficient fundings for future development, as well as fully promote reforms in quality, efficiency and driving forces. Leveraging on its advantages in technology, production framework, market channels, brands and information technology system which have been accumulated in the battery industry for many years, Tianneng will strengthen the international leading position of its high-end eco-friendly batteries, enhance the product competitiveness of new energy batteries, create closed-loop green smart industry chain, construct a smart energy service system, build a logistics supply chain platform, actively expand businesses such as start-stop batteries and energy storage systems, and continue with the technological development of fuel cells and new-generation batteries, with the aim of becoming the most respected first-tier new energy enterprise across the globe.”
About Tianneng Power International Limited
Tianneng Power International Co., Ltd. (“Tianneng Power”) is a leading company in the new energy power battery industry in China, which was founded in 1986. In 2007, Tianneng Power was listed on the Main Board of The Stock Exchange of Hong Kong Limited as the “First China Company of Power Battery.” After more than 30 years of development, it has become a large high-tech energy group focusing on the manufacturing and provision of services of environmentally friendly power batteries for electric vehicles, while offering integrated power storage ancillary services, and integrating the R&D, production and sale of lithium batteries for new energy vehicles, start-stop batteries for vehicles and wind power and solar power storage batteries; the recycling and cyclic utilization of waste batteries; the construction of smart micro-grids in cities; as well as the building of green and smart industrial parks. In July 2020, Tianneng Power won the awards of “Best Provider of Systems Integration Solutions” and “Best Demonstration Project for Energy Storage” at the 7th Global Solar+Energy Storage Conference & Expo (2020).
5G Dark Horse — UNISOC Breaks the Siege
In June, Counterpoint Research released “Cellular Technology Transitions and Potential for SoC Players”. The report puts forward that the 5G wave is an inevitable trend and the global baseband market sales will exceed $38.7 billion by 2024. The global handset baseband manufacturers have a unique advantages in the future 5G network transition process.
According to the report, 5G handset shipments are expected to reach 1.16 billion units in 2024, with a CAGR of 137%, accounting for 70% of total handset shipments. From the perspective of chip suppliers, 5G chips are more complex and with higher threshold. At present, independent chip suppliers are still dominated by Qualcomm, MediaTek and UNISOC.
The research points out that Qualcomm is offering an end-to-end portfolio from SoC, modem, complete RF Front End (RFFE) to antenna supporting both sub-6GHz to mmWave. This portfolio is ahead of its competitors from a feature-set to a commercial availability perspective. It has captured more than half of the 5G market share. MediaTek is also ramping up its Dimensity 5G series.
And another chip supplier, UNISOC announced its first 2G/3G/4G/5G multi-mode modem V510 at MWC 2019. The 3GPP Rel.15 compliant 5G modem supports both standalone (SA) and non-standalone (NSA) networks, as well as 5G VoNR in SA mode, fitting well into the different stages of 5G development. Together with Hisense, UNISOC successfully commercialized its first generation 5G platform, with the UNISOC V510 powering the Hisense F50 smartphone.
Last November, UNISOC V510 modem was awarded the 2019 World Electronics Achievement Award, helping UNISOC further establish a solid foundation as a leading 5G solution provider.
In February this year, UNISOC unveiled its next-gen 5G SoC platform – the T7520. Utilizing a more advanced 6nm EUV process, which has 18% higher transistor density and 8% lower power consumption versus current 7nm processes, the T7520 offers compelling performance package with improved power consumption.
Its optimized multi-core design incorporates four Cortex-A76 and four Cortex-A55, a Mali-G57 based GPU, an upgraded NPU, as well as enhanced multimedia processing units to enable capabilities of 100MP and multicamera processing, up to 120Hz refresh rate and multi-screen displays.
The T7520 also showed significant improvement in terms of 5G experience, with the support of 5G NR TDD+FDD carrier aggregation, LTE and NR spectrum dynamic sharing, and uplink and downlink decoupling. Importantly, with its innovative 5G super uplink technology, the T7520 can enhance coverage by more than 100%, increase uplink speeds by up to 60% and improve peak downlink speeds to more than 3.25Gbps under SA mode. All of these advanced features make the T7520 highly competitive with mainstream platforms targeting high-spec smartphones.
In addition, Counterpoint also points out in the report that 5G not only sets off a wave of smartphone upgrading, but also brings great opportunities in some segments that are easily ignored by the industry. For details of the report, please refer to the Counterpoint website. Chinese and English versions are available for download at https://tinyurl.com/y5rnrnzl. (https://www.counterpointresearch.com/cellular-technology-transitions-potential-soc-players/)
Media Contact:
UNISOC Technologies Co., Ltd
Miranda Wu – UNISOC PR Team
E-mail: mengran.wu@unisoc.com
Website: http://www.unisoc.com
BOC International Initiates Coverage on VPower Group with “BUY” Rating
BOC International initiated coverage on Hong Kong listed VPower Group International Holdings Limited (“VPower Group”, stock code:1608) with a “Buy” rating in recognition of its solid growth momentum and the expected high earnings in the coming years.
Headquartered in Hong Kong, VPower Group is an integrated expert in distributed power generation. It principally engages in power system integration (SI) business, covering designing, integrating and sale of gas-fired and diesel-fired engine-based gen-sets and power generation systems, and Investment, Building and Operating (IBO) business, involving investing in, building and operating distributed power stations to supply reliable electricity. It is now a leading distributed power station owner and operator in Asia.
BOC International reckoned VPower Group’s engine-based generation model has multi-faceted advantages, thus allowing the Group to fit into different markets especially the under-electrified markets and auxiliary services market. The firm believed VPower Group is well positioned to win more businesses given its solid track record in both developing and developed regions in the past few years.
BOC International highlighted that the commissioning of the Myanmar liquefied natural gas (LNG) to power projects with CNTIC in the near term would boost VPower Group’s earnings growth. The firm estimated the projects will make a significant contribution to the Group’s profit, leading to a net profit CAGR of 53% from 2019 to 2022. The successful commissioning of the three Myanmar LNG to power projects within a tight deadline has demonstrated VPower Group’s capability and unique relationship with upstream engine suppliers to win future tenders.
Regarding the recent top-up placement in which VPower Group raised net proceeds of HK$299 million, BOC International pointed out the proceeds will further replenish the Group’s balance sheet and get it prepared for future investments.
BOC International used SOTP methodology to value VPower Group in light of the different business nature of its IBO and SI segments. It initiated coverage with a BUY rating and a target price of HK$ 4.10, implying 11x 2021 P/E.
CMB International Securities Maintains High Conviction “BUY” Rating on VPower Group
CMB International Securities today issued a research report on Hong Kong listed VPower Group International Holdings Limited (“VPower Group”, stock code:1608), a leading distributed power generation station owner and operator in Asia with a focus on its investment in the liquefied natural gas (LNG) to power in Myanmar. The firm maintained a high conviction “BUY” rating on VPower Group with a target price of HK$5.47, representing a potential growth of 82.9% as compared to last closing price.
CMB International Securities placed its key focus on VPower Group’s iconic Myanmar joint venture and expected it will generate more than 20% internal rate of return, with superior profitability comparing with its other IBO (Investment, Building and Operating) projects.
In addition, CMB International Securities mentioned the LNG cost, utilization rate, and the energy efficiency of the gensets as the key exposures that the joint venture could manage for higher profitability. Yet, the firm believes it is a good timing for VPower Group to expand into LNG-fueled distributed power projects, with the Asia LNG spot market is currently at a range of 3-year low.
CMB International Securities is confident that VPower Group will deliver high earrings growth in FY20/21E, with net profit expected to reach HK$711 million and HK$1,169 million respectively.
Headquartered in Hong Kong, VPower Group is an integrated expert in distributed power generation (DPG). It principally engages in power system integration (SI) business, covering designing, integrating and sale of gas-fired and diesel-fired engine-based gen-sets and power generation systems, and Investment, Building and Operating (IBO) business, involving investing in, building and operating distributed power stations to supply reliable electricity. It is now a leading distributed power station owner and operator in Asia.
Greenbriar Comments on Recent Controversy on Social Media
The Greenbriar Capital Corp. (TSXV: GRB) (OTC: GEBRF) (“Greenbriar”) CEO has been made aware through many direct phone calls and emails of an ongoing controversy in Social Media channel on YouTube which indicated that there might have been rumors about the company.
To make certain for our shareholders, the company would like to clarify that it has not paid any Youtuber for any type of marketing or promotional program, nor has it involved in any sort of market abuse activities. Yet, as the rumors passing by, it might have negatively affected Greenbriar’s integrity and success. If further false rumor and claims continue to circulate on Social Medial channels in the future, the company will consider taking actions against such behavior to protect the truthfulness of Greenbriar.
Meanwhile, through translations made to the Greenbriar CEO from Chinese speaking stakeholders, there is a YouTuber offering his massive 100,000+ subscribers an extremely accurate and non-biased description of Greenbriar that includes our projects and our milestones. From the perspective of the Greenbriar CEO, this clip was 100% correct in his independent research, description, and discussion of the projects currently undertaken by Greenbriar.
Aside from the controversy, Greenbriar is moving ahead to construct the sophisticated 160MWdc/80MWac Montalva solar project in Puerto Rico, which will become the largest solar facility in the Caribbean once completed. Greenbriar is very confident the project will expand to 320MWdc/160MWac in the very near future. A sizeable battery storage facility as part of the solar field will enable 24/7 dispatch which is unique in ultra-large scale solar generation facilities. Montalva will provide Puerto Rican citizens with lower-cost, clean and reliable electricity and replace some of the current expensive and dirty oil generation.
The company is proudly building the $200 Million to $400 Million project with the China Machinery Engineering Corporation (CMEC), a leading world class premier construction and engineering company, forming part of the USD $40 Billion China National Machinery Industry Corporation (Sinomach) group of companies.
Greenbriar has been informed by its legal counsel Luis Baco, JD, LLM, that the PREPA Governing Board has approved our project and contract and that the contract has been presented to the US FOMB (US Federal Oversight Management Board) for final approval. In 2018 the US FOMB already recommended Montalva to be deemed a critical project to rebuild Puerto Rico. Montalva will provide over 900 construction jobs, an increased tax base and hundreds of millions of dollars of private funds invested to rebuild a new and resilient electrical grid. Greenbriar is proud of this contribution and its existing 12 year non-stop commitment in Puerto Rico. The delays from the FOMB are not based on any material concerns about the project, but rather related to the amount of bureaucratic consultants between the FOMB and PREPA.
About Greenbriar Capital Corp
Greenbriar is a leading developer of renewable energy and sustainable real estate. With long-term, high impact, contracted sales agreements in key project locations and led by a successful, industry-recognized operating and development team, Greenbriar targets deep valued assets directed at accretive shareholder value. Greenbriar and its advisors have closed over $180 Billion in renewable energy projects since 2003 with previous companies.
ON BEHALF OF THE BOARD OF DIRECTORS
“Jeff Ciachurski”
Jeffrey J. Ciachurski
Chief Executive Officer and Director
Phone: 949.903.5906
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain forward-looking statements. All statements, other than statements of historical fact, constitute “forward-looking statements” and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company’s strategy, plans or future financial or operating performance and other statements that express management’s expectations or estimates of future performance.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/60366
Greenbriar Executes a Master Sales and Marketing Agreement with Keller Willams – Paul Morris Forward Living Inc
Greenbriar Capital Corp. (TSXV: GRB) (OTC: GEBRF) (“Greenbriar”) is very pleased to announce that Greenbriar has executed an initial Master Sales and Marketing Agreement with Keller Williams Forward Living and its CEO to market and sell each unit of its $400 Million, 1,000 unit Sage Ranch sustainable subdivision in Southern California upon approval by the California Department of Real Estate.
The 1,000 unit Sage Ranch sustainable subdivision is located 90 miles northeast of Los Angeles in the scenic Tehachapi Valley, a 40 minute drive from a population base of 1 million people and a 90 minute drive from 20 Million people of the Los Angeles metro area.
Sage Ranch is the most prolific environmentally sustainable residential community in California having a virtual zero carbon footprint. Sage Ranch is immediately adjacent the high school, the elementary school and one block from the middle school, and a five (5) block walk to the historic downtown. Solar panel rooftops will be standard and virtually no automobile traffic is needed to reach all major amenities. The beautiful design has been created by the award winning, world class JZMK Architects of Costa Mesa, California. In addition to the world class design, the Sage Ranch design includes nine (9) parks, sports facilities, walking paths and a major clubhouse.
Sage Ranch will bring $300 million of construction jobs and materials to the Tehachapi Valley economy, add $3 Million of annual land tax revenue, add $1.5 Million per month of new consumer retail expenditures to the downtown, and provide $20 Million of much-needed real estate commissions to the local real estate industry.
The Keller Williams Forward Living team will take over the real estate placement efforts with Edwards Airforce Base, the leading aerospace companies including Northrup, SpaceX and NASA, and will assume client care of the 200 plus parties currently on the Sage Ranch wait list. We expect the project to be oversold by delivering much needed first-class housing opportunities at pricing that produce mortgage payments that will rival and often be less expensive than local rents.
Keller Williams Forward Living brings a dynamic sales team led by its principal, Paul Morris, JD who has a Master’s in Management from Oxford, a JD from Cornell Law, formerly worked for a major New York law firm, as Senior Counsel at the US DOJ reporting to Attorney General Janet Reno. Paul’s true passion for business with a focus in real estate led him to leave his law firm practice in 2003 and focus solely on real estate brokerage and investing. Recently, he wrote a New York Bestseller “Wealth Can’t Wait” and continues to train and speak to real estate professionals including being one of only four mentors in UCLA’s Entrepreneur and Leadership Development Program for MBA’s.
Both as an investor and brokerage owner, over the past two decades, Paul has expanded his portfolio and influence to be recognized as the 64th most powerful person in real estate (2019 Swanepoel 200). He is co-owner and CEO of Forward Management, the 21st largest real estate brokerage firm in the United States (Real Trends 500) with ownership in 10 Keller Williams’ offices with 3,300 realtors, more than $7 billion in annual closed volume and more than 9,000 closed units.
Paul brings his passion for real estate investment, sales, and training to this dynamic project and is proud to be part of the team that will deliver this wonderful product to a community that he fully believes in.
About Greenbriar Capital Corp
Greenbriar is a leading developer of sustainable real estate and renewable energy. With long-term, high impact, contracted sales agreements in key project locations and led by a successful, industry-recognized operating and development team, Greenbriar targets deep valued assets directed at accretive shareholder value. Greenbriar and its advisors have closed over $180 Billion in renewable energy and real estate projects since 2003 with previous companies.
ON BEHALF OF THE BOARD OF DIRECTORS
“Jeff Ciachurski”
Jeffrey J. Ciachurski
Chief Executive Officer and Director
Phone: 949.903.5906
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain forward-looking statements. All statements, other than statements of historical fact, constitute “forward-looking statements” and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company’s strategy, plans or future financial or operating performance and other statements that express management’s expectations or estimates of future performance.