Probe Manufacturing Chosen by Muni-Fed Energy to Manufacture Premier Holdings Proprietary Lighting Efficiency Technology
IRVINE, Calif.--(BUSINESS WIRE)--Probe Manufacturing, Inc., (OTC QB: PMFI) (“Probe” or “the Company”), a global electronics design & manufacturing services company, today announced that the Company has been selected by Muni-Fed Energy to build the proprietary energy saving devices for industrial lights that it holds the manufacturing rights to.
“We brought Probe to Muni-Fed Energy for their consideration, and we could not be happier that the two companies formed such a beneficial relationship. Everyone stands to benefit from it.”
Muni-Fed Energy brings green solutions to federal, municipal and commercial clients and has licensed the manufacturing rights to this technology from Premier Holding Corporation (OTC QB: PRHL). Probe will immediately begin the manufacturing process on the LiteOwl, an award winning product designed to save energy for existing streetlights. Once manufacturing is complete for the LiteOwl, Probe will begin production of the E-Series, a series of best-of-breed energy reduction product for industrial lights, specifically HID lamps. Additionally, Probe will manufacture a custom built a kitted unit utilized specifically to save energy for twelve 1,000 watt lamps on high poles, such as those found in ports and rail yards.
Kam Mahdi, CEO of Probe manufacturing, added, “We are pleased to have been awarded this contract which will assist in increasing our revenue base. Our manufacturing capabilities and competitive pricing allows for high-quality products to be manufactured right here in the United States. We look forward to working with Muni-Fed Energy and Probe to build these superior products that have been invented, created, manufactured and sold in the US. We look forward to signing additional manufacturing contracts throughout 2014 with potential customers that have similar profiles as Muni-Fed and Premier Holding.”
“The decision to go with Probe was an easy one,” said Phil Bowman, CEO of Muni-Fed Energy. “After seeing their facility, their top-notch clientele and business model, there are synergies in every area of our businesses making this more of a partnership than a client relationship. We look forward to doing many additional projects with the Probe team.”
“We are thrilled about this agreement,” said Randall Letcavage, President and CEO of Premier. “We brought Probe to Muni-Fed Energy for their consideration, and we could not be happier that the two companies formed such a beneficial relationship. Everyone stands to benefit from it.”
About Probe Manufacturing
Probe Manufacturing is a Global Electronics Design & Manufacturing Services Company providing Original Equipment Manufacturers with electronics manufacturing services through its domestic factories in the United States. Headquartered in Irvine, California, Probe has been serving industrial, instrumentation, medical, aerospace, defense, alternative energy, and telecommunication industries since 1994. Probe’s common stock is traded on the OTC Market QB under the symbol PMFI. Further information is available on Probe’s website: www.probeglobal.com.
About Muni-Fed Energy
Muni-Fed Energy engages in renewable energy development (solar, wind, waste to energy) energy efficiency integration, consulting and financing. The company serves federal, municipal and commercial clients. Its team's experience and diverse capabilities allows them to take on challenging projects in a variety of locations ranging from commercial sites, hospitals, schools, universities and government facilities to utility-grade clean energy projects. Muni-Fed works as a comprehensive partner to its clients, from project discovery all the way through to finance and development. They align with strategic partners to deliver effective technologies and services to address energy supply, energy demand, infrastructure and financing solutions. www.munifedenergy.com
About Premier Holding Corporation
The Company provides financial support and management expertise, which includes access to capital, financing, legal, insurance, mergers, acquisitions, joint ventures and management strategies. The Company’s mission is to acquire clean technology companies and/or green products and services that are accretive and that can be seamlessly integrated and utilize the overall economics of such products and services for the benefit of its customers. Through subsidiaries we offer renewable energy production, energy efficiency products and services to commercial middle-market companies, Fortune 500 brands, developers and management companies of large-scale residential developments. Additional integrated business offerings include direct energy services as power purchase agreements (PPAs), energy financing and leasing of generation programs in urban and rural real estate environments, lighting efficiency systems and refrigeration systems. For more information visit PRHL Investors Relations: www.prhlcorp.com.
This release contains certain forward-looking statements (under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) with respect to whether Probe’s payoff to Far West Capital will be financially beneficial to the Company, whether it will enable us to capitalize the company more effectively, or enhance our ability to raise additional capital. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements. These risks, uncertainties and contingencies include, but are not limited to, the following: uncertainties relating to changes in general economic and market conditions; uncertainties regarding changes in the EMS industry; the uncertainties relating to the implementation of our global business strategy; and other risk factors as outlined in the company’s periodic reports, as filed with the U.S. Securities and Exchange Commission. Forward-looking statements in this document speak only as of the date on which such statements were made, and we undertake no obligation to update any such statements that may become untrue because of subsequent events. We claim the safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.