Medical Waste to Clean Energy Processing Facility in Rhode Island.
Safe and Efficient Pyrolysis Technology to Handle 70 Tons Per Day.
Large Solar Farm Projects in Development for Mexico and Australia.
Partnership Agreements to Develop New Clean Energy Products.
Revenue from Outdoor Advertising & Solar Lighting Product Divisions.
Sun Pacific Holding Company, Inc. (OTC: SNPW) is a diversified holding company encompassing the following subsidiaries: Sun Pacific Power Corp, Street Smart Outdoor Corp, MedRecycler, and National Mechanical Corp. SNPW continues to build upon management’s knowledge and experience across all its business sectors. The primary mission of SNPW is to serve both customers and shareholders. SNPW does that by providing quality service and equipment, working to keep customers satisfied, and by doing its part in protecting the environment with smart green technology.
SNPW has constructed a 48,000 square foot medical waste recycling plant called MedRecycler in Rhode Island which will be initially capable of processing up to 70 tons per day at an industry average of $400 to $600 per ton. The SNPW MedRecycler plant will be using a leading edge pyrolysis system, displacing environmentally harmful incineration and other less green methods. The MedRecycler project is the company’s first response in targeting a global medical waste marketplace that is expected to reach $33.4 billion by 2025. Currently, the SNPW MedRecycler plant is awaiting regulatory approval to be allowed to go into commercial operation.
On October 13th SNPW released a detailed report by and independent PhD reviewer which validates the technology of the MedRecycler facility for safety and effectiveness. The full report is available on the SNPW website here: http://medrecycler.com/overview/
Partnership Agreement with Renewable Energy Engineers Aust. to Develop an Initial 100MW Solar Farm in Queensland, Australia
On June 15th SNPW announced that its wholly owned subsidiary, National Mechanical Group has entered into a partnership agreement to develop Queensland Australia Solar Farm. SNPW and Renewable Energy Engineers Aust. (“REEA”) will develop an initial 100-megawatt solar farm in Queensland, Australia to help the energy grid in that area.
The partnership was formed to help SNPW develop the solar farm opportunity by bringing together expertise in solar design and development with “in-country” expertise in building, construction, technology, and regulatory knowledge and skills. The team is actively engaged in sourcing components and capital with an end goal of developing up to 100-Megawatt solar farm. The team has currently received a lands rights agreement for 750 acres and one power purchase agreement for the solar farm and is in discussions with component manufacturers and investment partners.
Nicholas Campanella, CEO of SNPW stated, “We are excited to work with the team at REEA in developing this opportunity and more in Australia. The initial discussions and development so far have been successful, and we look forward to developing this opportunity for all of our stakeholders.”
Brian Romer, CEO of Renewable Energy Engineers Aust. stated, “We are looking forward to expanding the energy initiative in Australia and with our collaboration with National Mechanical Group we feel we will have a strong partnership to develop several renewable energy projects. This will lead to billions of dollars of investment and the creation of thousands of jobs with the most advanced technologies throughout Australia and will drive Australia forward to meet its international emission targets as the demand for green power increases.”
Positive Outlook in 2021 Driven by New Partnerships and Project Launches
On March 22nd SNPW provided a positive outlook for 2021 driven by new partnerships and expected project launches that the Company believes should create a new foundation for growth. These include the following:
The proposed 50MW SNPW solar farm project in Durango Mexico continues its development after a delay due to Covid-19 and is currently undergoing a financial review with a selected EPC and funding group. This partnership is targeting a financial closing and the commencement of construction in 2021.
The SNPW membership with Geopath is expected to support a strategy for expanding market reach to targeted advertisers in the OOH industry. By adding the subsidiary Street Smart Outdoor Corp’s inventory to the Geopath Insights Suite, SNPW should witness enhanced metrics that are key to advertisers both locally and nationwide that empowers an increase in data-driven buying.
SNPW announced an MOU with Atlas Transit Solutions to collaborate on the development of a high efficiency off grid digital plug and play modular unit and will develop a new SMART Bus Shelter with a new software as a service that enhances the commuter experience while driving a new unique and proprietary product offering.
The SNPW subsidiary Medrecycler RI, Inc. continues to progress through the regulatory process for the approval of its 48,000 SF state-of-the-art pyrolysis facility expected to process 70 tons of medical waste per day.
The SNPW subsidiary National Mechanical Group is taking steps towards the testing and preparation for UL certification for its patented glass-less solar panels for commercial and government use. The approval for this new proprietary product should provide SNPW with licensing and partnership arrangements that should drive the monetization of this unique company held IP.
CAP/FrontPageStocks/CorporateAds.com (CA) is a third-party publisher and news dissemination service provider. CAP/FPS/CA is NOT affiliated in any manner with any company mentioned herein. CAP/FPS/CA is a news dissemination solutions provider and is NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. CAP/FPS/CA’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release or opinion of the writer. CAP/FPS/ CA is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. CAP/FPS/CA has been compensated $500 by a third party for dissemination of this article.
These news releases and postings may contain forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies’ contracts, the companies’ liquidity position, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.
Company Name: Sun Pacific Holding Company, Inc.
Contact Person: Media Relations
Email: Send Email
Address:345 Highway 9 South Suite 388
State: NJ 07726
Country: United States