LAS VEGAS, NV - (NewMediaWire) - September 22, 2015 - Renewable Energy and Power, Inc., (OTC PINK: RBNW), a diversified corporation with markets in energy saving technologies of both LED lighting and solar cells, is pleased to announce that the Company has begun trading publicly and brings to market revolutionary game-changing technologies and patents.
The Company's LED Lighting Division is pursuing lighting contracts in medical buildings, parking lots and garages, and markets. These contracts along with the Company's LED light design and manufacturing in the United States, provide a state of the art LED light, made in the United States which is anticipated to provide a marketing advantage over imported low quality LED lights. Every member of the technical staff has over 30 years of experience in their respective fields, encompassing mechanical, electrical, control and micro-chip engineering.
The U.S. market for LED lighting is expected to continue at an accelerating pace for the ensuing four to five years reaching $10 Billion in 2020. We intend to offer a wide variety of replacement and new construction lights that will enable Renewable Energy and Power, Inc., to be an important part of this market.
The Sol-HY division of our company is developing solar cells designed to be 32%-40% efficient in converting sunlight to electricity. This is done by combining different types of solar cell materials together as a single unit, which will convert more of the incoming sunlight to electricity, including the infrared waves produced by the sun, even on cloudy days. High efficiency solar cells will be the next generation solar cell product and replace most of the present solar products on the market today.
"We are very pleased to be trading in the public arena. This is a very important corporate milestone that we have been striving to accomplish. We believe that our mission to bring clean efficient solutions to the market will be greatly advanced by our status and recognition as a public company," stated Don MacIntyre, Chief Executive Officer, Renewable Energy and Power, Inc. He concluded: "Our newly acquired status as a public company will provide us access to the capital markets and greater visibility as we realize our vision through the advancement of our technologies, and increase national attention to the importance of clean and renewable energy solutions."
The US Dept. of Energy, the American Wind Energy Association, and the National Renewable Energy Laboratory believe that 20% of the nation's electricity can come from renewable energy within the next twenty years. Another report predicts the solar market to be $180 Billion by 2021 stating, "Solar panel market driving forces relate primarily to the prospect of inexpensive, lasting energy from the sun. In 2015, analysts agree, a tipping point has been reached, solar panel markets are at the critical point in the market development, where an inevitability of adoption is certain."
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