BALTIMORE, Aug. 16, 2010 (GLOBE NEWSWIRE) -- Kalahari Greentech, Inc. (Pink Sheets:KHGT) released a statement today detailing costs and revenues for its patented Solar Thermal "Tri-Brid" generator.
Based on the outlook for 2011 wind power growth forecasts, the wind generator could be useful for as many as 2 million homes (http://www.wwindea.org/ ).
With government incentives of up to $3 per Watt, analysts expect over 2,000MW in new solar capacity will be installed as early as 2011, up from just over 100MW in 2008 (Source: http://www.reuters.com, http://www.solarbuzz.com/).
At a selling price of $6,000 per "Tri-Brid" system unit, the current market potential for 2 million homes is $12 Billion. Assuming manufacturing begins in early 2012 Kalahari should be able to place approximately 3,000 units in the field by December 2012. As a result the expected sales for fiscal 2012 are $18,000,000 (eighteen million dollars). The unit cost for a medium scale production run will be $1,200, producing approximately $14,400,000 of gross revenue.
Designed to be an ideal solution for rural homes and farms, where power infrastructure is limited or impractical to install, The "Tri-Brid" is designed around the goal of providing continuous, usable power without necessary grid power during non-peak times.
This target has driven up the cost of traditional photo-voltaic materials commonly used for solar power generation. By utilizing government incentives and generating power at the site where it is consumed "Tri-Brid" will be independent of the national grid. The Tri-Brid does not use photovoltaic panels. Each self-contained unit is estimated to generate 2.5kW 24 hours per day during most of the year, with peak daytime output being much higher. The incentive translates to $7,500 for first time users.
The Tri-Brid system, when coupled with a water tank, will also be able to generate hot water more efficiently than any photovoltaic/electric systems that are currently on the market. The water can also be used to store excess energy during the day, and can be used for peak power anytime, without the need for a large electrical battery system. Since it utilizes all wavelengths of light, it will still produce power on cloudy days.
The trend toward renewable sources of energy is growing. "Renewables accounted for 60 per cent of newly installed capacity in Europe and more than 50 per cent in the USA in 2009" (Source: http://www.globe-net.com).
Internationally, China is expected to raise its 2020 solar power generation target to at least 10,000 MW. The Tri-Brid generator has a potential market of over 2.5 billion users including India and China.
More information can be found on the company's website, www.kalaharigt.com.
About Kalahari Greentech, Inc.: Kalahari Greentech Inc. is an energy company focused on developing, constructing and operating wind and solar energy projects, either on its own or in partnership with other energy companies. The company's main focus is to seek out opportunities to utilize its technology to develop renewable energy sources.
Forward Looking Statements: This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The Company's actual results could differ materially from expected results.