Barnabus Energy Increases Production Capacity
WEDNESDAY, FEBRUARY 01, 2006 9:00 AM
- Market Wire
SOLANA BEACH, CA, Feb 01, 2006 (MARKET WIRE via COMTEX) -- Barnabus Energy, Inc. (BBSE) today announced that Solar Roofing Systems, a division of the Company, has commenced to increase the production capacity of its Aurora manufacturing facility in response to significant market demand for the SolarSave building integrated photovoltaic (BIPV) solar roofing modules.
As part of the capacity increase, SRS is in the process of automating the stringing and bussing of the solar photovoltaic cells, and has started the construction of additional custom designed laminators. This expansion will more than double the division's manufacturing capacity to over 50 million dollars per year in deliverable product.
SRS president Norman Dodd stated, "This is a very exciting time for us. The timely injection of capital from Barnabus Energy has enabled us to expand our manufacturing capacity in response to the strong market demand for our product. Our sales pipeline report now indicates an order potential of 16 million dollars for 2006... a very solid start considering we have not even begun to advertise our product."
David Saltman, CEO, added, "The new automated stringer can also be used to produce the solar architectural glass projects which our second division, Connect Energy, has developed. The synergies between the two companies are clearly materializing in increased capacity and increased sales. This expansion will help Barnabus meet and exceed its projections in 2006."
ABOUT THE COMPANY
Barnabus Energy, Inc. (BBSE) is committed to the development of a world-class Renewable Energy (RE) company. Barnabus is acquiring commercially viable assets within the Renewable Energy sector encompassing diverse aspects of the industry. Management currently identifies companies that offer significant technology advantages and market opportunities, then moves towards the acquisition of those organizations with the ultimate goal of increasing shareholder value. The company's model is a focused approach to the exploitation of targeted, low-risk development opportunities.
Safe Harbor for Forward-Looking Statements:
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Barnabus Energy, Inc. has little or no control.
ON BEHALF OF THE BOARD
Barnabus Energy, Inc.
David Saltman, President
Investor Relations Contact:
Brad Long
1-800-250-2610
Visit our website at www.barnabusenergy.com
SOURCE: Barnabus Energy, Inc.
www.barnabusenergy.com
Zurück
