FORT WALTON BEACH, Fla., June 28, 2010 (GLOBE NEWSWIRE) -- Kalahari Greentech, Inc. (Pink Sheets:KHGT) released a statement today that the U.S. Solar Industry Trade Association reported strong growth in 2009 despite the recession. Overall U.S. solar electric capacity, including both photovoltaic and concentrating solar power installations, increased 37% in 2009. As a result, the total solar industry revenue reached $4 billion; a 36% increase over 2008. Continued growth is expected in 2010. (Source: www.seia.org).
Wind and solar are fast becoming the leading sources of renewable energy. Kalahari Greentech designs, produces and provides wind turbines, solar collectors and other sustainable energy technologies. Solar energy is the cleanest and most abundant renewable energy source available.
According to the U.S. Department of Energy's news release dated March 25, 2009, entitled, "Solar Energy Grew at a Record Pace in 2008," solar energy deployment increased at a record pace in the United States and throughout the world in 2008. (Source: www.energy.gov). Aside from the increase in revenue, the solar industry contributed to the overall economy by adding 17,000 new jobs in 2009. The U.S. ranked fourth in new solar electric capacity in 2009, behind Germany, Italy and Japan. (Source: www.seia.org).
Kalahari's Solar Collector addresses the matters of collector and system efficiency to build a single cost-effective unit. To do this, the collector operates three functions simultaneously to enhance system performance. Hence, it has been labeled as a "Tri-Brid" system. Without all three functions being performed from a single integrated system, the solar collector would not be economically viable. However, since the three functions do take place together, Kalahari's combination Thermal-Voltaic Solar Collector proves to be a cost-effective unit.
More information can be found on the company's website, www.kalaharigt.com.
About Kalahari Greentech, Inc.: Kalahari Greentech Inc. is an energy company focused on developing, constructing and operating wind and solar energy projects, either on its own or in partnership with other energy companies. The company's main focus is to seek out opportunities to utilize its technology to develop renewable energy sources.
Forward Looking Statements: This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The Company's actual results could differ materially from expected results.