New Global Energy's Comment on Sales, Marketing and Customers
The marketing and sale of the company's products is subject to successful completion
and performance of the Company's Global Cell Concept and as such the Company has
not yet entered any of these markets and there is no assurance that expected production
levels will be achieved or that there will be any revenues forthcoming.
Electricity: A primary market opportunity for the Company is to provide electric
power generated onsite from both solar power systems and onsite diesel-powered
generators fired by renewable, sustainable biofuel. The Company expects that excess
power over what it uses will be sold through net metering agreements and/or power
purchase agreements with commercial power providers. These agreements are generally
site specific and the Company does not yet have any such agreements in place and
there is no assurance the sufficient power will be produced to sell.
The Company has done an extensive reviews of solar technologies to determine the
best currently available technology. It has done initial review and testing of
solar technology used with concentrated solar power "CSP" generation
and comparison reviews of photovoltaic panel technology. It has developed proposed
layouts for CSP systems with thermal storage units which can be used for solar
energy production both on and off grid.
Food Fish: The Company believes that the primary market advantaged aquaculture
product in the US is the sale of live fish and shrimp, and non-frozen fish fillets,
limiting preferred geographic locations to those near major market areas where
established markets now exist. To the extent the market dictates, the Company
may enter the frozen fish fillet market. Although the Company believes that there
is a significant market for the fish that it expects to produce, it does not have
any purchase agreements or sales arrangements in place and whether or not the
fish can be sold and at what price will be subject to market conditions at the
time of the sale. There is no assurance that either a market will exist or that
the price paid will produce a profit or even be sufficient to cover costs at that
time.
New Global Energy’s Comment on Sales, Marketing and Customers
The marketing and sale of the company's products is subject to successful completion
and performance of the Company's Global Cell Concept and as such the Company has
not yet entered any of these markets and there is no assurance that expected production
levels will be achieved or that there will be any revenues forthcoming.
Electricity: A primary market opportunity for the Company is to provide electric
power generated onsite from both solar power systems and onsite diesel-powered
generators fired by renewable, sustainable biofuel. The Company expects that excess
power over what it uses will be sold through net metering agreements and/or power
purchase agreements with commercial power providers. These agreements are generally
site specific and the Company does not yet have any such agreements in place and
there is no assurance the sufficient power will be produced to sell.
The Company has done an extensive reviews of solar technologies to determine the
best currently available technology. It has done initial review and testing of
solar technology used with concentrated solar power "CSP" generation
and comparison reviews of photovoltaic panel technology. It has developed proposed
layouts for CSP systems with thermal storage units which can be used for solar
energy production both on and off grid.
Food Fish: The Company believes that the primary market advantaged aquaculture
product in the US is the sale of live fish and shrimp, and non-frozen fish fillets,
limiting preferred geographic locations to those near major market areas where
established markets now exist. To the extent the market dictates, the Company
may enter the frozen fish fillet market. Although the Company believes that there
is a significant market for the fish that it expects to produce, it does not have
any purchase agreements or sales arrangements in place and whether or not the
fish can be sold and at what price will be subject to market conditions at the
time of the sale. There is no assurance that either a market will exist or that
the price paid will produce a profit or even be sufficient to cover costs at that
time.
Sources:
New Global Energy, Inc.’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: New Global Energy, Inc.’s corporate clients.
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