ASHBURN, Va., June 3, 2009 (GLOBE NEWSWIRE) -- Critical Solutions Inc. (Pink Sheets:CSLI), the designer of renewable energy tower systems announces today that the Company, through its Sales and Marketing subsidiary, White Door, has entered into an agreement with Tecnobit S.L., an industrial electronic and defense company headquartered in Madrid, Spain. The purpose of agreement is to explore possible opportunities for collaboration and joint venture work.
Tecnobit is a large industrial electronics and defense contractor which develops, designs, produces, sells and maintains equipments and professional electronic systems. The parties have agreed to cooperate in the marketing, and sale of the Company's rapidly deployable tower systems using renewable energy. Tecnobit intends to work with the Company to identify business opportunities for Critical Solution's products within the Spanish Army, Air Force, Navy, Guardia Civil, and other Spanish and European Government organizations.
"Europe is a forward thinking region, and an early adopter of environmentally friendly technologies. By entering into this strategic agreement our renewable energy powered security systems will be represented by one of the top defense contractors in the region," said R. Paul Gray, Chairman of Critical Solutions, Inc. "This relationship will provide us with strong representation throughout Europe."
About TECNOBIT
Founded in 1985, Tecnobit is the advanced systems branch of the Spanish IT group Oesia Networks. We supply engineering solutions for technology demanding industries, mainly aerospace, defense and homeland security. We also integrate, produce and test high quality electronic systems and equipments. Select customers include: Airbus, Spanish Navy, BAE Systems, EADS, General Dynamics, and Lockheed Martin. Oesia Networks employs over 3,600 people in nine different countries. Please visit www.tecnobit.es/en for more information.
About Critical Solutions Inc.
Critical Solutions Inc, through its wholly owned subsidiary, White Door, Inc, manufactures and sells a line of patent-pending, self-powered trailer systems that can be rapidly deployed to power physical security and communication requirements for areas where power is difficult to obtain, or where conventional power means are too expensive to deploy. The company utilizes non-traditional power sources such as solar, wind, and hydrogen to provide efficient recovery, backup and primary power systems. The company's alternative energy trailer systems have been chosen by a top defense contractor to secure a nuclear power plant, by the Federal Bureau of Prisons for Emergency Response Teams, and to the Marines for emergency communications. Please visit www.criticalsolutions.net.
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Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.