NEW YORK, June 25, 2012 (GLOBE NEWSWIRE) -- SunSi Energies Inc. ("SunSi") (OTCQB:SSIE) today announced that its affiliate TransPacific Energy Inc. (TPE), a US based renewable energy company that designs and sells energy systems which maximize waste heat recovery, converting heat into electrical energy, today announced its selection as a member of a three-company consortium that will design, develop, install, and optimize a 1MW Thermal Solar driven Organic Rankine Cycle (ORC) energy project in Morocco. This landmark project will feature TPE's unique technology. TPE's proprietary heat recovery and energy conversion process uses multi-fluids to maximize heat recovery and efficiently convert waste heat directly into energy. TPE's systems efficiently convert waste heat directly from industrial processes, solar, geothermal, biomass and landfill into renewable electrical energy. TPE also offers thermal storage and power generation using warm ocean waters and desalination. TPE delivers innovative solutions for a cleaner, greener world and helps reduce global warming.
The selection of TPE as a partner in this initiative was originally announced on June 17th by the Research Institute for Solar Energy and New Energies (IRESEN), the Moroccan government agency overseeing the project. Other members of the partnership include SNC-Lavalin, one of the largest engineering and construction firms in the world, and MITHRAS Energies Maroc.
SunSi's CEO David Natan commented, "We are very pleased that TPE was selected to work on this project. We believe that TPE's technology has multiple applications in a wide variety of industries, both domestically and internationally. With TPE's products starting to receive market traction and notoriety, we believe that their revenues and profitability will begin to increase very substantially."
On April 19, 2012, SunSi entered into an agreement to acquire a 51% controlling interest in TPE. To date, SunSi has acquired approximately 30% of the equity of TPE. The Company expects to acquire an additional 21% equity interest in TPE in July 2012.
About TransPacific Energy Inc.
TPE's core heat recovery to power technology uses proprietary multiple component fluids that are environmentally sound, non-toxic and non-flammable. Custom formulated mixtures efficiently capture and convert heat directly from the heat source at temperatures ranging from 100 °F to 1000 °F. TPE's technology offers applications broader temperature ranges than other ORC systems. Other ORCs must use a binary system or secondary heat transfer loops to recover waste heat resulting in significantly lower heat recovery efficiency, lower output power, and increased costs. TPE's advanced technology does not use cooling towers but employs either air-cooled or water-cooled condensers.
TPE's systems reduce operating and maintenance costs and provide good return on investment rendering systems economically viable. Please visit their web site to learn more. www.transpacenergy.com.
About SunSi Energies Inc.
SunSi Energies' objective is to become an international company whose products focus on the renewable energy industry as well as related synergistic products. Currently, the Company is a significant producer of trichlorosilane ("TCS") 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. TCS is considered to be the first product in the solar PV value chain before polysilicon, and is also the principal source of ultrapure silicon in the semiconductor industry. Additionally, SunSi owns approximately 30% of TransPacific Energy Inc., a U.S. based renewable energy technology provider. For further information regarding SunSi, please visit the company's website at www.sunsienergies.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) TPE being accretive to SunSi earnings in 2012 (ii) competitive viability of TPE's technology, (iii) our ability to leverage markets in China for the TPE product, (iv) integration issues following the acquisition, (vi) raising sufficient capital to acquire TPE and (vii) other factors detailed in documents we file from time to time with the Securities and Exchange Commission, which are available at www.sec.gov.