LAS VEGAS, July 9, 2010 (GLOBE NEWSWIRE) -- Salamon Group Inc. (OTCBB:SLMU), a leading designer of next generation electronic products and systems, is pleased to announce its continuing commitment to its core business pursuits of patenting and developing alternative and green energy through, among other things, solar power cells and wireless technologies.
In keeping with this focus, Salamon Group has entered into negotiations to acquire the world wide exclusive marketing and distribution rights for the "Casing Pal." The Casing Pal is a patented drilling tool for reaming and opening a well hole below the casing pipe. This tool utilizes cutters which are easy to apply and retract without stopping drilling therefore providing significant time and cost savings. What is particularly interesting to Salamon Group, in its pursuit and development of alternative energy sources, is the low cost geothermal application.
"SLMU is excited with The Casing Pal. This alliance will allow us to more easily integrate geothermal energy into our alternative energy plans." commented John Salamon, CEO of Salamon Group Inc