BELLEVUE, Wash., Aug. 25, 2005 (PRIMEZONE) -- First National Power Corp. (OTCBB:FNPR), a development and marketing company of green energy related projects including the manufacture of micro-utility vehicles (Green Oasis) for areas affected by environmental disasters and difficult regional terrains, today announced that the Company, along with its fellow members of The Durham Strategic Energy Alliance (DSEA), launched their first event yesterday to continue the process of building strong energy partnerships.
The vision of the DSEA is to position the Durham Region as a world leader in providing timely, sustainable and reliable energy solutions. This will be accomplished by fostering the development of partnerships, providing leadership and innovation, and establishing relationships among communities and all levels of government, business and industry. This vision is especially relevant to:
Energy Supply
Providing Sustainable Energy Solutions
Transmission and/or Distribution of Energy
Reducing Energy Consumption
Energy Innovation
"We are pleased to be part of the DSEA's "kick-off" and shaping the future of the next generation of discovery and development of Ontario's energy," stated Peter Wanner, CFO.
About the Durham Strategic Energy Alliance
The Durham Strategic Energy Alliance is a non-profit organization of businesses, institutions and government committed to promoting and building upon Durham Region's unparalleled strengths in the energy sector. Central to this is the establishment of the Clarington Energy Business Park which will become the premier location in the province for businesses researching, developing and/or demonstrating new technologies in the green energy and environmental sectors
About First National Power
First National Power is actively developing GREEN OASIS(tm) ("GO"), an environmentally friendly micro utility unit designed to supply power to off-grid communities, remote exploration and construction sites, and environmental disasters. In addition to the GO unit, the Company is also in discussion with developers of other state-of-the-art green energy products which provide green power in a variety of formats. Most of these companies have completed their product development but require marketing and development assistance to commercialize their products. The Company has also recently entered into an agreement to acquire a 40-acre site in a proposed new energy business park, which is expected to play host to private and public businesses focusing on advancing and applying new energy technologies. First National is currently exploring the viability of establishing a manufacturing facility on this property that would showcase the range of products that could be offered. These activities will enable the Company to better meet the global green house reduction targets established by the Kyoto Accord signed by approximately 160 countries.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: The statements in this press release that relate to the Company's expectations with regard to future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such information may contain statements that involve risk and uncertainties and are subject to change at any time, and the Company's results may differ materially from expected results.