Green Planet Group Announces Strategic Partnership With SI Manufacturing
09 Mai 2012 - 2:30PM
Green Planet Group, Inc. (Pink Sheets:GNPG) announced today that it
has formed a long-term strategic partnership with SI Manufacturing
(SI) of Anaheim, California. This partnership will be the basis for
the ongoing research, design and implementation of Green Planet's
new hydrogen technology.
SI, which began operations in 1952, has maintained and expanded
its core technical team over the years and is a recognized leader
in the development and production of complex power supplies and
various types of power converters. Past designs include space,
industrial, military, medical and commercial applications. One
major reason that SI was selected as a Green Planet's partner is
that it has had an interest in developing hydrogen technology over
the past three years.
Edmond Lonergan, President and CEO, stated, "With the ongoing
help from SI, I am confident that we will be able to complete the
design of our hydrogen unit and begin its manufacturing within the
next few months." Lonergan continued, "In conjunction with our
other fuel efficient, emission reducing technologies we project
that we will improve fuel efficiency by at least twenty
percent."
James "Bud" Reed, President and CEO of SI Manufacturing, stated,
"We believe that the basic innovative design has tremendous
potential in all forms of diesel or gasoline engines and that the
future of this technology could generate significant revenues. We
are privileged to be part of the development team for Green Planet
Group."
For more information on SI Manufacturing, please visit
www.simfg.com.
About Green Planet Group
Green Planet Group, Inc. (Pink Sheets:GNPG) is based in
Scottsdale, AZ and engages in ongoing research and development to
create products and services that enhance our environment. The
Company's revenues are currently derived from the production and
distribution of fuel-based energy conservation and clean-air
products, as well as through the placement of members of the
growing ranks of the unemployed into meaningful "green collar"
careers. For additional information, please visit
www.greenplanetgroup.com.
SAFE HARBOR: Certain information included herein may contain
statements that are forward looking, such as statements relating to
plans for future expansion and other business development
activities. Such forward-looking information is subject to changes
and variations which are not reasonably predictable and which could
significantly affect future results.
CONTACT: Chris Knapp, Investor Relations Manager
investor-relations@greenplanetgroup.com
Telephone (602) 396-6013
Green Planet (CE) (USOTC:GNPG)
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