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New - Solar Energy |
Article Submitted by: Sir Geoffrey Taylor
Wednesday, 13 December 2006
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embargoed until 12 midday GMT on 14th Dec 2006 (Gold Coast, Queensland, 13th Dec 2006) Fin Net Pty Ltd has signed an agreement for ground breaking solar electricity generating equipment. The License will cover Australia and New Zealand. The solar energy system represents a major advance in the solar field. It is said to produce the electrical power output that other commercial products are currently able to do but from a substantially smaller unit at about a quarter of the cost. With the capital cost of production being reduced it means that this new system will be immediately very competitive with other energy forms. Fin Net Pty Ltd is a new company having its registered office in Queensland, which seeks the establishment of a global financial network that will bring together global investors with businesses and investors alike being catered for through a global network of licensed professionals. The words Fin Net are a shortened version of financial networks. MHG Holdings Limited is a Hong Kong company having its Registered Office at Tesbury Centre, 28 Queens Road Central in Hong Kong. It has been responsible for the development and testing of the new solar energy system. MHG has the global license for the technology and has already sold rights to a Malaysian consortium covering the use of the technology in Malaysia for the sum of US$20 million. Talks with a team working under the direction of Tony Haywood, the MHG Holdings Technical Director, have almost completed License arrangements covering Thailand and Vietnam. Other license areas are under active discussion by MHG Holdings with several parties covering parts of America, Europe and Africa in addition to Asia. The agreement with Fin Net will be the second such license to be concluded and will cover both Australia and New Zealand. The parties admit that they reached agreement several months ago but due to the demands involved with setting up arrangements had only now consummated this agreement. Fin Net has been in talks with a Queensland plastics manufacturer to establish a manufacturing unit for this leading edge technology. This unit will initially service all of Australia with expansion being made at a later date to accommodate New Zealand requirements. Geoffrey Taylor of Fin Net welcomed the advance in electricity generation and called upon all political leaders to immediately abandon investigations into nuclear power and other power generation methods that add significantly to global pollution. He admitted that he had always been opposed to nuclear activity in all forms since he attended a protest in Trafalgar Square (London) at which the keynote speaker was Lord Russell. Economic generation of very significant amounts of electricity using solar generation have the capability of further changing the world as it is today but this time in a very favorable way. Geoffrey Taylor was delighted to be involved in such a clearly ethical and green investment. Enquiries about this press release must be directed to Geoff Taylor at info@finnet.com.au. or Mike on +61 416 008 244 Article Source: http://www.ArticleBlast.com |
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