Infrastructure Developments Sells First Solar System
Monday, 20 July, 2015
SALT LAKE CITY, UT / ACCESSWIRE / July 20, 2015 / Infrastructure Developments Corp. (OTC: IDVC) announced today its first sale under the recent license agreement with First Energy Solutions Provider Inc (FESPI), a Canadian-owned provider of alternative energy solutions headquartered in the Philippines. The sale, to a residential customer in Manila, Philippines, consisted of a 6KW residential off grid solar energy back up system.
"The Philippines has abundant sunshine, high economic growth, and some of the least reliable and most expensive electric power in Asia, making it a prime market for independent renewable energy systems," stated IDVC CEO Eric Montandon. "The FESPI systems we are selling allow a business or a residence to meet all of its own power needs and disconnect completely from the grid, an extremely attractive prospect to customers fed up with high prices and frequent power outages."
"FESPI specializes in providing integrated, use-ready systems that can be installed as a functioning package. FESPI specializes in solar, hydro, wind, LED, and UPS solutions, each designed for specific applications and installed to allow immediate functional use.
IDVC's marketing license for FESPI systems covers the Philippines, Cambodia, and the UAE, all prime markets for solar systems. IDVC is targeting 50 residential, business, and industrial sales of FESPI systems by the end of 2015, at an average of $20,000 per sale.
"We're very pleased to see IDVC actively marketing and selling our products," stated FESPI Managing Director Daniel Sidor. "We're excited to be working with a Company that has the potential to introduce or products to new markets with high demand."
Infrastructure Developments Corporation:
IDVC is a US publicly listed project management and engineering firm, headquartered in the United States. IDVC's mission is to bring world-class execution to the international construction and project management industry and to expand into selected complementary businesses in high-growth international markets. The company is currently focusing on marketing efforts for prefabricated housing in North America, the Middle East, and parts of South-East Asia. The company also offers project management services for various types of construction projects in Southeast Asia.
A number of statements contained in this press release are forward-looking statements. These forward-looking statements involve a number of risks and uncertainties including the Company's development, competitive market conditions, and its prospects for securing additional sources of financing as required. The actual results that the Company may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. The Company encourages the public to read the information provided here in conjunction with its most recent filings on Form 10-Q and Form 10-K. The Company's public filings may be viewed at www.sec.gov.
Eric Montandon - CEO
Infrastructure Developments Corp., Inc.
+971 50 553 2590