NEW YORK, July 25, 2011 (GLOBE NEWSWIRE) -- SunSi Energies, Inc. ("SunSi") (OTCQB:SSIE), a specialty chemical provider to the solar industry, has hired The Investor Relations Group ("IRG"), a fourteen-year-old, award-winning, corporate communications firm based in New York City, to bolster its existing investor relations campaign and to serve as its public relations agency.
IRG's investor relations team will target specific portfolio managers and equity analysts in the global investment community to increase awareness of SunSi's efforts to acquire, develop and operate a portfolio of high-quality trichlorosilane (TCS) production facilities. TCS is the main feedstock used in the production of polysilicon, which is essential to the manufacture of solar photovoltaic (PV) cells. Concurrent with that effort, the public relations team will initiate an outreach campaign targeting editors, writers, and segment producers of local and national trade and consumer online, print, radio, and broadcast media outlets worldwide.
"SunSi has outlined a bold set of initiatives for the rest of 2011 and beyond, and we are confident that IRG will serve as an excellent liaison to the investment community and the media at large," commented David Natan, Chief Executive Officer. "We have embarked on a campaign to acquire a range of China-based TCS production and distribution facilities, and we believe we are well positioned to achieve our goal of controlling 140,000 metric tons of TCS annually by the end of calendar 2012. We estimate that will equate to a 20-25% market share in China. In light of the anticipated future growth of the solar energy industry within China and worldwide, combined with the fact that TCS is used in approximately 75% of solar cell production globally, we expect to occupy an extremely advantageous position within the solar PV value chain. We look forward to working with IRG as we achieve our objectives and will update the investment community as we move ahead."
IRG's corporate communications program includes new media and multimedia initiatives that involve the creation of broadcast-ready corporate videos, podcasts, and the creation of social networking and video service accounts. The Investor Relations Group is a multiple winner of the "Stevie Award" for Investor Relations, and was named a finalist in the Best Media Website category from the 2009 American Business Awards.
About SunSi Energies, Inc.
SunSi Energies' goal is to become one of the world's largest producers of trichlorosilane (TCS). The Company's 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. US-based SunSi controls approximately 47,000 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, please visit the company's website at http://www.sunsienergies.com.
About The Investor Relations Group, Inc.
The Investor Relations Group, Inc. (IRG) offers a full-service corporate communications program designed to suit the many unique needs of Alternative Public Offering (APO) companies. The program utilizes a proprietary, targeted approach to reach institutional investors, analysts, and the media-at-large. For further information, please visit the company's website at http://www.investorrelationsgroup.com.
Forward-Looking Statements
This news release contains forward-looking statements related to the future financial condition and results of SunSi's operations. Forward looking statements are based on SunSi's current expectations and estimates regarding: TCS markets and industry in which we operate being the most profitable segment of the solar energy value chain and management's beliefs and assumptions regarding these markets, qualifying for a listing on the American Stock Exchange, increasing the trading volume and price of SunSi's stock, future earnings and revenue projections, completion of our Wendeng expansion plan, the receipt of cash from subscription agreements for sales of our common stock, and other TCS related acquisition transactions.
These statements are subject to important risks and uncertainties, which are difficult to predict, and assumptions which may prove to be inaccurate. Some of the factors that could cause results or events to differ materially from current expectations include, but are not limited to: general economic conditions, market or business conditions; general stock market performance; the performance of the solar energy industry in general; changing competitive environment; changing regulatory conditions or requirements; changing technology; raising sufficient capital to fund the expansion of Wendeng to 75,000 MT; the price of TCS sold within China and outside of China; attaining projected revenue of $20-$25 million per year at Wendeng; the level of production by the Wendeng factory; our joint venture Baokai's success in attaining new clients under its TCS distribution agreement; the decision by potential investors who have signed subscription agreements not to pay for such SunSi common shares; the decision by the American Stock Exchange to reject the Company's application for listing; and success in implementing productivity initiatives.
Some of these factors are largely beyond the control of SunSi. Should any factor impact SunSi in an unexpected manner, or should assumptions underlying the forward-looking statements prove incorrect, the actual results or events may differ materially from the results or events predicted. All of the forward-looking statements made in this document are qualified by these cautionary statements, therefore, there can be no assurance that the results or developments anticipated by SunSi will be realized or, even if substantially realized, that they will have the expected consequences for SunSi. Readers should not place undue reliance on any forward-looking statements. Furthermore, SunSi disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or any other occurrence.