GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Onyx Service & Solutions, Inc. (OTCQB:ONYX) announced that last week the Company successfully won approval for an $84 Million (US) solar power project for Roatan, Honduras. The project capacity is currently 18.5 megawatts and is expected to take over 65,000 280-watt solar panels. ONYX sees this project as the premium opportunity to install their first branded 280-watt panels.
Last Wednesday morning, ONYX President Malcolm Burleson and Project Engineer Rick Coens conducted a formal presentation of the 18.5 megawatt project to Governor Shawn Hyde, Mayor Julio Galindo and a quorum of Council members at the Roatan Municipal Government chambers.
After the presentation by Burleson, Mayor Galindo told the ONYX representatives “You guys have it” and Governor Hyde went on to add “I fully support the project and will do whatever is needed for the project.”
Details of the 18.5 Megawatt Solar project can be seen at www.solar-stock.com/solar-diesel-reduction.html
The next steps for ONYX will be the completion of the agreement with the project investors and initiation of the regulatory processes.
ONYX management has identified a lucrative market for solar power projects in nations that use diesel produced electricity. Roatan currently relies 100% on diesel produced electricity. Solar power has been identified as an ideal economical solution to power the island. The island of Roatan is a renowned tourist destination and a substantial source of revenues for Honduras. Roatan has a significant American population and is a perfect location for the Company's first diesel reduction solar project. The July 2011 issue of "Islands Magazine" rated Roatan the #1 island to retire on in the world.
The Onyx Service & Solutions mission is to manifest cutting edge energy technology, products, manufacturing advances and construction projects to successfully compete in a global energy marketplace, which includes Exxon Mobil Corp (NYSE: XOM), First Solar Inc (NASDAQ: FSLR), General Electric (NYSE: GE) and Empressa Nacionale de Electricida (NYSE: EOC).
For more information on the Company see: www.OnyxService.com.
About Onyx Service & Solutions, Inc. (OTCQB: ONYX)
Onyx Service & Solutions, Inc. is a for-profit corporation that focuses on brilliant alternative energy solutions including medium to large-scale solar construction projects, cutting edge solar technology acquisition and development, new to market solar product development, advances in solar product manufacturing, worldwide solar product sales and creative financing expertise of alternative energy related projects
ONYX Service & Solutions Inc. is listed on the NASDAQ OTC exchange as an OTCQB tier company. OTCQB companies report to the SEC or a U.S. banking regulator, making it easy for investors to identify companies that are current in their reporting obligations. OTCQB securities may also be quoted on the FINRA BB. The OTCQB allows investors to easily identify reporting companies traded in the OTC market regardless of where they are quoted.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
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