SCOTTSDALE, Ariz.--(BUSINESS WIRE)--GWS Technologies, Inc. (OTCBB: GWSC), an alternative energy company developing and marketing solar and wind-powered renewable energy products and solutions, today announced that it is sourcing polycrystalline silicon cells and other components in Shenzhen, China, for its portable solar charger, the GWS Solstice™.
The GWS Solstice™ is designed to be a handheld solar charger that can recharge personal electronic devices from cameras and mobile phones to MP3 players and games consoles. The solar panels fan out for charging, but fold up to wallet-size and can be carried in a pocket or a purse. The Solstice™ will feature adaptors for charging various devices, an internal lithium battery, and rugged construction.
“Our challenge in designing the Solstice™ is to incorporate the most advanced solar technologies in this very competitive, emerging market,” said GWS Technologies Vice President Michael Coskun.
Microgeneration refers to the production of low-carbon electricity by individuals, small businesses and communities to meet their own energy requirements. There is an emerging market for small consumer microgeneration products, as people realize that every amp of electrical energy they generate themselves reduces their individual carbon footprint and also reduces their dependence on the “grid,” or commercially generated electricity.
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.
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