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XcelPlus Global Adds Solar Energy to Its Portfolio with Acquisition of Sunfield North America

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  Published in Business and Finance on Monday, August 23rd 2010 at 13:10 GMT by Market Wire
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DOTHAN, Ala.--([ BUSINESS WIRE ])--[ XcelPlus Global Holdings ], Inc. (Pink Sheets: XPGH),an alternative energy and renewable energy solutions company, today announced that it has acquired Sunfield Technologies North America, Inc. (Sunfield N.A.), making XcelPlus the exclusive U.S. supplier of Sunfield solar thermal collectors.

"Sunfield thermal collectors are well known for quality and performance. These units are durable and efficient, and our installed test units have performed flawlessly. We are preparing to market and sell these systems throughout the southeast."

aThis solar thermal collector is the key component of our new line of products to retrofit traditional hot water heaters to substantially boost their efficiency," said David Poston, Chief Operating Officer of XcelPlus Global. "Sunfield thermal collectors are well known for quality and performance. These units are durable and efficient, and our installed test units have performed flawlessly. We are preparing to market and sell these systems throughout the southeast.a

Solar continues to be the number one technology supporting the movement to utilize renewable sources in energy production. State and Federal mandates continue to encourage the energy sector to use alternative/renewable sources. Thirty-two states have renewable production standards in place that require specific percentages of energy to be produced under these alternative guidelines. XcelPlus Global plans to seize the solar opportunity and capitalize on this business trend.

The purchase of Sunfield N.A. marks a diversification for XcelPlus Global, which has focused on purchasing, blending and selling non-petroleum off-take fuels primarily for industrial boiler applications. The companya™s fuels business has suffered in 2010 due to the failure of Congress to renew the Federal alternative fuel tax credit.