BANGKOK--(BUSINESS WIRE)--World Green Energy, the Thailand based manufacturing partner of Global Environmental Energy Corp., (DE:GLI)(OTC:GEECF.PK)(www.geecf.ru) confirmed today that it will deliver two Biosphere Systems to GEECF’s Clients & Licensees in Thailand and the Philippines in Q1 2011. In addition World Green Energy is negotiating a 25 year operating license with Biosphere.
World Green Energy was appointed as GEECF’s manufacturing partner in Thailand in July 2009, pursuant to the terms and conditions of a Technology Permit Agreement.
Mr Lek Kitiparaporn, Chairman of World Green Energy and his Partners, confirmed that the first Biosphere delivery will be to True Green Energy (DE:TGG) in The City of San Fernando, Pampanga, The Philippines, and the second Biosphere delivery will be to a Biosphere Development Corp; World Green Energy & Partners J/V. This first Thai system will be installed at Sinsakhon Industrial Park, Bangkok, Thailand. www.sinsakhon.com
Alternative Energy Programs are fully supported by The Royal Thai Government.
Tax incentives and other privileges are provided.
Biosphere Development is listed in Germany Deutsche Borse:(DE.2BD) ; Frankfurt Stock Exchange: (2BD.F).
World Green Energy & Partners is in advanced negotiations with Biosphere to be the exclusive marketer and operator of Biosphere Systems in Thailand for a 25 year period. Mr. Kitiparaporn confirmed that World Green Energy & Partners expects to fund and operate 50 Biosphere Systems in Thailand within the next 24 months.
Biosphere Systems operate on municipal solid waste, industrial, commercial or agricultural waste streams to provide environmental cleanup, renewable electricity, clean water and sanitary health care.
GEECF is a fully integrated energy company whose interests include electrical power generation and waste management technologies. GEECF holds an exclusive licensing agreement with the inventors, developers and owners of the patented Biosphere Process™ System. GEECF manufactures Biospheres under contract in several countries.
Biosphere Development Corp, Deutsche Borse: (DE.2BD); Frankfurt Stock Exchange (2BD.F) markets and operates Biospheres on license in Asia and the Americas North & South Sahara Petroleum Exploration Corp, Deutsche Borse: (DE:2S6) Frankfurt Stock Exchange :(2S6.F) markets Biospheres on license in Europe, Russia, the former CIS, Africa and Australia. GEECF receives revenues from operational Biospheres through Sales, Royalty and Fee agreements with its licensees and their sublicenses which provide for 25 year revenue streams payable to GEECF.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of the 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections.