TORONTO--(BUSINESS WIRE)--Novagen Solar Inc. (the "Company") (OTCBB:NOVZ) is pleased to announce that it has completed its acquisition of Novagen Solar (Canada) Ltd., a Canadian corporation that has the exclusive right in Canada (non-exclusive elsewhere) to sell the RSi line of photovoltaics, including the SuperPV power enhancer and the DSO BIPV Window.
Mr. Thomas Mills, CEO of Novagen Solar Inc., commented, "This acquisition will enable us to aggressively enter the solar market with a comprehensive portfolio of forward-looking products. RSi’s pioneering work in the areas of solar power station technology and building integrated photovoltaics, will give Novagen an early mover advantage over the entire solar industry. We will be uniquely positioned to provide a variety of photovoltaic energy solutions to our customers, particularly in the Province of Ontario, which has the highest feed-in-tariff rates in North America.”
Friday, July 17, 2009
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