GWS Technologies, Inc. Announces Additions to Microgeneration Product LineSCOTTSDALE, Ariz.--(BUSINESS WIRE)--GWS Technologies, Inc., (OTCBB: GWSI - News) an alternative energy company developing and marketing solar and wind-powered renewable energy products and solutions, today announced several additions to its microgeneration product line, including portable solar chargers such as IceTech’s Solar i9005, the Powermonkey-eXplorer, and Voltaic Systems’ Solar Backpacks. “We’re very excited to be offering a line of the most advanced consumer microgeneration products,” said GWS Technologies President Richard Reincke. “These products provide a means for hundreds of millions of consumers to reduce carbon emissions by producing their own clean power. Millions of individual choices can make a real difference.” Microgeneration refers to the production of low-carbon electricity by individuals, small businesses and communities to meet their own energy requirements. Technologies include small scale wind turbines, photovoltaic solar power systems and handheld products that can recharge electronic devices. The idea of running personal electronics using solar power is gaining widespread consumer acceptance. As different devices, from cameras and mobile phones to MP3 players and games consoles, become ever more frugal with power and solar panels get ever more efficient, solar technology is emerging as the most practical alternative energy source for portable electronics. Globally, higher demand for solar energy, triggered by concerns about global warming, are projected to drive an increase in the annual revenues of the global solar equipment industry from $20 Billion in 2006 to $90 Billion in 2010, with profit margins expected to accelerate even faster, pushing margins up to nearly 60 percent. Global investors poured $148 billion into renewable energy in 2007, fueling a trend the United Nations is calling a “green energy gold rush.” In a report released July 1, 2008 by the U.N. Environmental Programme (UNEP), analysts conclude that investment in renewable energy rose 60% last year compared with 2006. While microgeneration is currently a small percentage of the entire renewable energy sector, one study predicts that microgeneration could supply 30% to 40% of the United Kingdom’s electricity by 2050. About GWS Technologies, Inc. GWS stands for GreenWindSolar. We are an alternative energy company developing and marketing solar and wind-powered renewable energy products and solutions. Our products and solutions are part of the new "microgeneration" movement that is transforming the way everyday people provide for their energy needs. Through a growing line of solar and wind-powered products ranging from handheld devices that can recharge an iPod to wind turbines for point-of-use alternative energy generation, GWS is leading the way in the emerging microgeneration marketplace. The company was founded in 2005 and is headquartered in Scottsdale, Arizona. Safe Harbor Statement: Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performances or achievements express or implied by such forward-looking statements. The forward-looking statements are subject to risks and uncertainties including, without limitation, changes in levels of competition, possible loss of customers, and the company's ability to attract and retain key personnel. Contact
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