LAUSANNE, Switzerland, Jan. 17 /CNW/ - SwissINSO Holding Inc.
(OTCBB:SWHN), a leader in the development and application of
solar-powered energy solutions for water purification and for the
heating/cooling of buildings, today issued a Letter to Shareholders
from its Chairman and Founder, Michel Gruering, detailing the progress
of its operations and outlook for the coming year. The Letter will be
posted on the company's website.
(Photo: http://www.newscom.com/cgi-bin/prnh/20110117/431664 )
The text of the Letter follows:
I am pleased to provide this year-end summary of our accomplishments in
2010 and our strategic initiatives moving forward in 2011.
During the past 12 months, we focused our attention on building the
financial, product and infrastructure foundations for our future
Specifically, several key milestones were achieved, including the:
Successful closing of our initial round of financing in excess of $6
Securing of the first two orders for our Krystall ( tm ) water
purification units and signing of distribution agreements for such
units in Algeria and Malaysia;
Undertaking of two major new business market studies which validated our
products and the market's need for them;
Identification of third-party leasing sources ready to commit to
financing Krystall purchases by the public and private sectors;
Building of an enlarged production platform and infrastructure for
Krystall to accommodate anticipated sales growth;
Addition of personnel in sales, marketing and technical support;
Move to new headquarters in the prestigious R&D Science Park at EPFL,
further expanding our special relationship with LESO, the solar applied
research laboratory of EPFL; and
Invitation to be an "official observer" at the UN Convention on Climate
Change in Cancun, a sponsor of the World Climate Summit and an
exhibitor at the Green Solutions trade show.
In 2011, we are moving ahead aggressively to become an established
world-wide provider of advanced solar-powered technologies in the areas
of water purification and the cooling/heating of buildings. The hard
work undertaken during 2010 is already paying off in these first few
days of 2011:
We are in negotiations with several entities for the sale of a
significant number of Krystall units;
Studies are underway in preparation for bidding on major infrastructure
projects using Klymaa's (tm) cooling and heating technology;
There continues to be active interest in the company from several major
investment groups; and
We are in advanced discussions with a major Asian global construction
conglomerate for a joint venture in that part of the world.
I will be coming back to you shortly with more updates.
We believe that we have the right products at the right time, and we
look to 2011 with great excitement.
Thank you for the confidence you have shown in SwissINSO. On behalf of
Management and the Board of Directors, all best wishes for a healthy
and prosperous new year.
Chairman and Founder
Lausanne, January 17, 2011
SwissINSO utilizes its proprietary intellectual property assets to
provide environmentally friendly, innovative 100% solar-energy
solutions and related technologies to meet growing global needs. The
company's goal is to become a world leader in turn-key solutions using
renewable energy for the purification and desalination of water and the
cooling and heating of buildings. (http://www.SwissINSO.com)
SwissINSO has two core businesses:
KRYSTALL is the world's first high-volume, 100% solar-powered turnkey
water purification system housed within two standard 40-ft (12,2m)
containers. Its patented reverse-osmosis technology can purify up to
100,000 liters per day of brackish/contaminated water or 50,000 liters
of seawater into pure drinking water. Operating and maintenance costs
are a fraction of conventional units.
Krystall is perfectly suited for servicing remote towns and villages,
humanitarian and relief situations, hotels, islands and turnkey camps.
A video of the Krystall water purification system can be found at http://www.SwissINSO.com.
KLYMAA uses nano-composite solar coating technology to heat and cool
buildings via solar-collector glass facade panels in a wide variety of
colors and treatments.
"Safe Harbor" Statement: A number of statements contained in this press
release are forward-looking, made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements involve a number of risks and
uncertainties, including our ability to raise capital when needed and
on acceptable terms and conditions, the intensity of competition, and
general economic factors. The actual results SwissINSO Holding Inc. may
achieve could differ materially from any forward-looking statements due
to such risks and uncertainties. SwissINSO Holding Inc. encourages the
public to read the information provided here in conjunction with its
most recent filings, which can be viewed at: http://www.sec.gov.
SOURCE SwissINSO Holding Inc.
For further information:
Press Contact: Morris Zand, Zand Media Relations, firstname.lastname@example.org, +41(79)785-43-56; SwissINSO Contact: Irma Velazquez, Marketing Manager, irmavelazquez@SwissINSO.com, +41(21)693-86-40