UGE and Clear Blue Technologies Announce Strategic Partnership for Off-Grid Lighting
New York, NY and Toronto, ON – July 14, 2015 - UGE International Ltd. (TSX-V: UG) (OTCQB: UGEIF), a global leader in distributed renewable energy solutions for businesses, and Clear Blue Technologies, the Smart Off-Grid Company, announced a strategic agreement under which Clear Blue will become the exclusive provider for off-grid lighting to UGE partners and customers. The arrangement allows UGE to focus on its fast growing distributed renewable energy solutions market while still participating indirectly through the off-grid lighting market.
UGE designs onsite energy systems for businesses worldwide that offers immediate cost savings to clients. Clear Blue develops the industry’s most advanced off-grid solar and wind powered lighting systems, which are monitored, controlled and proactively serviced over the Internet. With this agreement, Clear Blue will support UGE’s off-grid lighting customer base, and work with UGE and their partners on new lighting opportunities. UGE’s Sanya lighting series will become part of Clear Blue’s product line, expanding its offerings to the market.
“Clear Blue’s Smart Off-Grid technology has been part of our lighting monitoring and control system for the past several years, so it makes sense to combine our product lines and provide our partners and customers one point of contact and support through Clear Blue,” said Nick Blitterswyk, CEO of UGE. “UGE will continue to enhance its leadership position in delivering premier distributed renewable energy solutions to our customers around the world.”
Miriam Tuerk, CEO of Clear Blue Technologies, said “The UGE and Clear Blue partnership has been a tremendous success for both companies in delivering unparalleled green energy solutions to the market. This new agreement builds on that success, and allows UGE and Clear Blue to each concentrate their resources on different fast growing market opportunities. We appreciate the validation of our company and technology that UGE has demonstrated with this new arrangement.”
UGE is a leading full service renewable energy provider for commercial and industrial clients, with over 2,000 installations in more than 90 countries. Leveraging project financing and its proprietary technology platform, UGE deploys solar and microgrid energy solutions to reduce energy costs and increase resiliency, while making the world more sustainable.
About Clear Blue Technologies
Clear Blue Technologies, the Smart Off-Grid Company, combines green energy with the proven advantages of communications and cloud technology to power high performance off-grid lighting, security and mobile solutions. The company’s hybrid controller harvests energy from solar panels and a wind turbine and is designed to be easily integrated into a variety of products to deliver highly reliable off-grid alternatives. The Illumience cloud-based software provides real time monitoring and control of the off-grid system over the Internet from any PC or smartphone, delivering unmatched reliability and performance. Clear Blue’s Illumient division delivers high performance off-grid lighting systems.
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Statements made in this press release include forward-looking statements that involve a number of risks and uncertainties. These statements relate to future events or future performance and reflect management's current expectations and assumptions. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements, such as the economy, generally, competition in its target markets, the demand for UGE’s products and the availability of funding. These forward-looking statements are made as of the date hereof and UGE does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from UGE’s expectations and projections.