NEW YORK, June 15, 2012 (GLOBE NEWSWIRE) -- SunSi Energies Inc. ("SunSi") (OTCQB:SSIE), today announced that Wendeng He Xie Silicon Co. Ltd ("Wendeng"), a SunSi subsidiary, has entered into a non-exclusive distribution agreement with TransPacific Energy Inc. ("TPE"), a renewable energy company slated to become an affiliate of SunSi. The agreement calls for Wendeng to handle distribution in China of TPE's innovative Organic Rankine Cycle (ORC) systems, which maximize heat recovery and convert waste heat directly into electrical energy at lower kilowatt cost. Wendeng's targets include both its existing billion dollar clients as well as key players in a wide variety of industries that would significantly benefit from the production of electricity through their existing waste heat. This is first step in TPE's strategic plan to rapidly generate substantial revenue both domestically an internationally by aggressively securing key distribution channels.
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 represent multi-billion dollar opportunities.
SunSi's Chairman Richard St Julien commented on the new agreement. "TPE has the perfect product for the industrial market in China. The combined efforts should accelerate deployment in China as the need for electricity derived from clean, renewable sources that are generated from products like the ORC, is substantial. With billions of dollars earmarked for renewable energy projects by the Chinese government over the next ten years, we believe China is an excellent market for TPE's technology and could generate substantial revenue. The inherent advantages of TPE's ORC solutions are a great selling feature, and the size of the market for the reduction of emissions alone is enormous. In China, most industrial companies must now comply with stringent, government environmental guidelines. TPE's systems can help accomplish those requirements."
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. 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. For further information regarding SunSi, please visit the company's website at http://www.sunsienergies.com.
Additionally, SunSi's objective in its renewable energy initiative 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) 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.