MANALAPAN, N.J., April 09, 2018 (GLOBE NEWSWIRE) — Sun Pacific Holding Corp (OTCQB:SNPW) announced today it has developed an innovative photovoltaic (PV) light weight, non-glass solar panel. This new technology, which was developed by Sun Pacific Power Corp engineers, can be utilized in residential rooftops, solar fields and commercial rooftops. The innovative non-glass panels weigh less than traditional glass panels and cost less to build. Sun Pacific has applied for a patent for this process with the US patent office.
Nicholas B. Campanella, CEO of Sun Pacific Holding Corp, stated, “Sun Pacific recently announced plans to grow our renewable energy business by combining solar projects and manufacturing. In addition to being American made, our patent pending, non-glass solar panels are lighter than glass panels and will drastically reduce the cost of solar.”
According to Zion Market Research, the global Solar Panel Market accounted for US $30.8 billion in 2016 and is expected to reach US $57.3 billion by 2022, growing at a CAGR of 10.9% between 2017 and 2022. Recent legislation imposed tariffs of 30 percent on imported solar panel technology in a bid to protect domestic manufacturers, like Sun Pacific Holding Corp. Since approximately 80 percent of solar panel products have been imported in the past, some industry sources say tariffs could add more than 100,000 jobs
About Sun Pacific Holding Corp.
Sun Pacific Holding Corp (OTCQB:SNPW) is a green energy company specializing in solar and waste to energy technologies. With a focus on deploying its subject matter expertise and experience in green energy solutions, Sun Pacific is building a Company that designs, develops, builds, and manages advanced green technologies that support renewable energy solutions. Sun Pacific operates several subsidiaries including Sun Pacific Power Corp, Street Smart Outdoor Corp, Bella Electrical LLC, National Mechanical Corp, and Sun Pacific Security Corp. Sun Pacific’s next generation solar power bus shelters and energy efficient lighting solutions offer customers turnkey systems that reduce the total costs of ownership while being environmentally friendly. The company is headquartered out of Manalapan, NJ. For more information, visit www.sunpacificholding.com.
This news release contains statements that involve expectations, plans or intentions (such as those relating to future expansion or financial results) and other factors discussed from time to time in the Company’s OTC Markets filings. These statements are forward-looking and are subject to risks and uncertainties, so actual results may vary materially. You can identify these forward-looking statements by words such as “may,” “should,” “expect,” “anticipate,” “believe,” “estimate,” “intend,” “plan” and other similar expressions. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors not within the control of the company. The company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
April 09, 2018| Categories Press Release