Friday, March 2, 2012

Salamon (PK: SLMU) to Acquire Eco Energy Solutions (Australia) Pty Ltd.

Salamon (PK: SLMU) to Acquire Eco Energy Solutions (Australia) Pty Ltd.Orlando, FL 3/2/12 (StreetBeat) -- Salamon Group Inc. (OTCBB:SLMU.PK) ("Salamon" or the "Company") is pleased to announce that it has signed a Memorandum of Understanding with Eco Energy Solutions (Australia) Pty Ltd. ("Eco Energy") to purchase the company.

Eco Energy is an Australian owned business specializing in the renewable energy sector. The company specializes in the design, supply, installation, commissioning and maintenance of solar PV, solar hot water, wind turbine and micro/mini hydro projects.

The company provides a fully integrated systems solution service to all aspects of the renewable energy industry and is involved in some of the leading projects in Australia. The company is a major installer of grid connected solar PV through Australasia and the South Pacific. As at the end of February 2012 the company had installed 2630 domestic systems through its contract which started in May 2010. The contract covers all of the State of Tasmania and all of Central Victoria. Its main base for central Victoria is Ballarat with a sub base in Bendigo. All Tasmanian installs are carried out from its Head Office at Grove.

Eco Energy recently completed the installation of one of Australia's largest ground mounted, flat plate, grid-connected medium-scale solar PV projects at Ballarat Airport. The project, which was part of the $42 million Central Victoria Solar Cities project, involved the installation of almost 2000 SHARP 180 watt photovoltaic solar panels in both fixed and tracking array formats.
Eco Energy operates a full Health, Safety and Environment process on all its projects. Its "one stop shop" methodology allows it to take any project from conception through to design, supply, installation and commissioning.

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