HENDERSON, Nev., June 18, 2012 (GLOBE NEWSWIRE) -- Blue Earth, Inc. (OTCBB:BBLU) announced today that its wholly-owned subsidiary, Xnergy Inc., signed a 100 Kilowatt commercial solar engineering, procurement and installation contract with Natel Engineering Co, Inc. in Chatsworth, California. Natel engineering manufactures electronics for use in aerospace, defense and medical industries. The approximate value of the contract is $500,000.
The Natel Engineering solar power roof mount system has been designed to generate approximately 167,027 kWh of electrical power annually using four hundred twenty of 240 watt Sharp high efficiency solar panels. The solar PV system will help reduce the facilities' carbon footprint by offsetting the equivalent of 3,600 tons of CO2, in addition to creating annual electrical savings.
"This project represents just one of many Distributed Generation ("DG") projects we have in the development pipeline. We firmly believe that commercial and industrial clients will benefit from both alternative energy and energy efficiency retrofits. As the Federal Government announces its focus on Energy for the U.S. Military, military contractors such as Natel Engineering will begin to have the same focus. I was thrilled to see Natel Engineering take the lead on this trend," stated D. Jason Davis, CEO of Xnergy, Inc.
Xnergy is a full-service EPC (Engineering, Procurement, Construction) firm, which has engineered, installed, and/or commissioned nearly 100 MW of traditional and alternative energy systems. Xnergy provides a broad range of comprehensive energy solutions including the design and implementation of energy savings projects, energy conservation, energy infrastructure outsourcing, power generation and energy supply and risk management. Xnergy serves private and public clients from all industries throughout California and helps them minimize their energy consumption and reduce their carbon footprint.
The Natel Engineering solar power roof mount system is expected to be completed in July of 2012. For further information see www.xnergy.com.
BBLU is engaged in the clean technology industry with a primary focus on the energy efficiency and renewable energy sectors. We strive to participate in the global movement for a sustainable planet by offering products and services that will optimize energy use, reduce harmful environmental emissions and substantially reduce energy costs to our customers. For more information about Blue Earth, Inc., please visit www.blueearthinc.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this press release are forward-looking statements. These statements relate to future events or to the Company's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking statements contained herein are included in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
CONTACT: Investor Relations Contact: Blue Earth, Inc. John C. Francis www.blueearthinc.com 702.263.1808 Ext. 103 firstname.lastname@example.org Liviakis Financial Communications, Inc. Michael Bayes www.liviakis.com 415.389.4670 Michael@Liviakis.com RedChip Companies, Inc. Mike Bowdoin www.redchip.com 800.733.2447 Ext. 110 email@example.com