KELOWNA, British Columbia, Oct. 31, 2005 (PRIMEZONE) -- EPOD International Inc. (OTCBB:EPOI) (Frankfurt:EDU), a developer of advanced energy management technologies that significantly increase the efficiency of electrical power devices, announces that the company has begun producing solar panels.
EPOD, through its wholly-owned subsidiary, EPOD Renewable Utilities Inc., has begun production of amorphous silicon or 'thin film' solar panels at its newly constructed plant in Gotthards, Germany. The addition of solar panel manufacturing and assembly capacity to EPOD's existing line of solar inverters and power storage systems achieves the company's goal of offering turnkey, integrated, commercial solar power systems.
Initial production volume will be utilized to complete the installation of sales previously announced by the company on August 11th and September 14th, 2005. Production volume not consumed by internal sales will be made available for sale to the industry.
"This is an important step in our growth strategy and guarantees us panel supply for our customers. Adding panel fabrication and assembly completes our solar product portfolio and allows us to further optimize our inverter and power storage products for both maximum power output and revenue," said Mark Roseborough, EPOD President. "This is a several billion dollar industry that holds enormous opportunity for us. We intend to continue to expand in this market as part of our core business development."
L. Mark Roseborough, President EPOD International Inc.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Statements about EPOD's future expectations, including future revenue, earnings, and transactions, as well as all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. EPOD intends that such forward-looking statements be subject to the safe harbors created thereby. These statements involve risks and uncertainties that are detailed from time to time in the Company's filings with the Securities and Exchange Commission, including, but not limited to, the Company's 10-KSB for year ended December 31, 2004 filed on or about March 30, 2005, and incorporated herein by reference.
About EPOD: EPOD International Inc. is a leader in the development of advanced energy management technologies with real-world market applications. The Company's patent-pending 'Energy Pod' technology manages and manipulates electrical energy such that utilization of DC-electric battery power becomes significantly more efficient. EPOD's patent-pending and proprietary technologies are applicable to a wide variety of industries and applications, and are available through licensed OEM's and directly to end-users.
The Company's filings, including current financial reports, can be accessed through the EDGAR database at www.sec.gov