EGPI Firecreek (OTC: EFIR) announced today that they have finalized and completed the acquisition of St. Louis, MO. based Arctic Solar Engineering, LLC. (“ASE”). As I write, shares of EGPI Firecreek are up 12 percent at just under a penny per share on volume of 2.8 million shares. The Company has a 52-week range between $0.0089 and $0.26 per share.Arctic Solar Engineering, LLC, is an integrator of Solar Thermal Energy technology. Solar Thermal Energy (“STE”) is the most efficient and economical method of capturing and using renewable thermal energy created by the sun every day of the year. The solar collectors that are used capture all visible and non-visible wave lengths of sun light and covert the light into energy at a 90% efficiency.
Energy created by ASE’s STE Systems store that energy in water (or other similarly inexpensive storage mediums) and then use that energy in its direct form to heat water, heat space and cool spaces. According to the US Department of Energy, this accounts for 70% of all energy used in commercial and residential structures in the United States.
Dennis Alexander, EGPI Firecreek CEO, stated, “We are extremely happy to be adding Arctic Solar to our newly established alternative energy division. With current projects in hand and significant pending projects currently in our pipeline, we are confident that our expertise and abilities combined with Arctic’s technologies, will enable us to establish a strong presence in the industry within a very short period of time.” He also stated, “We look forward to keeping our shareholders abreast of relevant news that will be forthcoming within the next several weeks.”
For more information visit the company’s site: www.egpifirecreek.com.
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