NEW YORK, June 5, 2012 (GLOBE NEWSWIRE) -- SunSi Energies Inc. ("SunSi") (OTCQB:SSIE), a provider of the specialty chemical trichlorosilane ("TCS") to the solar industry, today announced that it has developed strategic plans to rapidly expand TransPacific Energy Inc.'s (TPE) innovative heat recovery technology both domestically and internationally. SunSi previously announced that it had entered into a binding agreement to acquire 51% of TPE and continues to make progress toward consummating the acquisition.
According to a May 23, 2012 article that appeared in Reuters headlined "Goldman Sets $40 Billion Clean Energy Investment Plan", http://finance.yahoo.com/news/goldman-sets-40-billion-clean-211750666.html "Goldman Sachs Group Inc. plans to channel investments totaling $40 billion over the next decade into renewable energy projects, an area the investment bank called one of the biggest profit opportunities since its economists got excited about emerging markets in 2001." Additionally, Goldman executives said "demand for alternative energy sources will grow with global energy demand, and as big manufacturing countries, including China and Brazil, set more aggressive targets for reducing emissions."
TransPacific Energy's patent-pending heat recovery and energy conversion process produces electricity from a variety of heat sources. These sources include solar, biomass, hot flue gases from process industry, landfill, geothermal, gray water/hot fluids and warm ocean waters, which each represent multi-billion dollar opportunities in the renewable energy markets referenced in the Goldman article.
SunSi's Chairman Richard St. Julien commented, "TPE has the perfect product for the industrial marketplace. We have already identified a potential list of high profile customers in both the United States and China that could benefit from TPE's technology. With multiple billions of dollars earmarked for renewable energy projects by the U.S. and Chinese governments over the next ten years, both the U.S and China are excellent locations for TPE to establish a solid foothold. The inherent advantages of TPE's technology is a great selling feature, and the size of the market for the reduction of emissions alone is enormous. We look forward to completing the TPE transaction, generating substantial new revenue streams and increasing SunSi's enterprise value for our shareholders."
SunSi continues to pursue a listing on NASDAQ and these efforts appear to be on track for the second half of 2012.
About SunSi Energies Inc.
SunSi Energies' objective is to become one of the world's largest producers of trichlorosilane ("TCS"). The Company plans to achieve this objective by acquiring and developing a portfolio of high-quality, scalable, strategically located TCS production facilities that possess a potential for future growth and expansion. U.S. based SunSi controls approximately 55,000 metric tons of TCS production in China. TCS is a chemical primarily used in the production of polysilicon, which is an essential raw material in the production of solar cells for PV panels that convert sunlight to electricity. For further information regarding SunSi, please visit the Company's website at http://www.sunsienergies.com. Additionally, SunSi's objective is to significantly expand TPE's proprietary technology both domestically and internationally. For further information regarding TransPacific Energy Inc please visit the company's website at www.transpacenergy.com
Forward-Looking Statements
Except for statements of historical fact, the matters discussed in this press release are forward-looking. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "future," "plan" or "planned," "expects," or "projected." These forward-looking statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond the company's control that may cause actual results to differ materially from stated expectations. Some of the factors that could cause actual results to differ materially from the forward-looking statements contained herein include, without limitation: (i) raising sufficient capital to acquire TPE, (ii) TPE being accretive to SunSi earnings in 2012, (iii) competitive viability of TPE's technology, (iv) our ability to leverage markets in the United States, internationally and in China for the TPE product, (v) integration issues following the acquisition, (vi) and other factors detailed in documents we file from time to time with the Securities and Exchange Commission, which are available at www.sec.gov.