Business & Finance
Business and Finance
Business and Finance
Tue, July 19, 2011
Mon, July 18, 2011 CORRECTING and REPLACING OMVS Enters $6 Billion Solar Energy Industry
TAMPA, Fla.--([ BUSINESS WIRE ])--Please replace the release with the following corrected version due to multiple revisions.
"The U.S. solar market grew a record 67 percent last year, and that growth hasna™t slowed down a bit in 2011"
The corrected release reads:
OMVS ENTERS $6 BILLION SOLAR ENERGY INDUSTRY
Company to Develop New Technology to Capitalize on Fastest-Growing Energy Sector
On the Move Systems, Inc. (OTCBB:OMVS) President and CEO Chet Gutowsky announced today that the company has begun focusing on the development of new technology to compete in the solar energy industry, the fastest-growing energy sector in the U.S.
aThe U.S. solar market grew a record 67 percent last year, and that growth hasna™t slowed down a bit in 2011,a Gutowsky said. aOMVS is dedicated to the development of potentially profitable emerging technologies, and the booming domestic solar industry has created the ideal market conditions for us to commercialize new products that incorporate the latest innovations.a
According to a recent report by the Solar Energy Industries Association (SEIA) and GTM Research, the U.S. solar industry jumped in market share from $3.6 billion in 2009 to more than $6 billion in 2010. New solar installations last year totaled 956 megawatts, enough to power 200,000 homes. Another 252 megawatts has already been installed in the first quarter of 2011, continuing the marketa™s incredible growth rate.
aThe demand for new solar technologies in the U.S. is clear,a Gutowsky said. aFederal tax credits, declining technology costs and growing environmental awareness have made solar power an attractive option for consumers and businesses alike. OMVS will help produce new and innovative products to capitalize on the rising hunger for solar solutions across the country.a
To learn more about On the Move Systemsa™ innovative cross-industry platform, please visit [ http://www.onthemovesystems.com/investor-relations.html ].
In addition to cutting-edge automotive aftermarket electronics, On the Move Systems is working to commercialize early-stage green technology to compete in an energy sector that includes SunPower Corporation (NASDAQ: SPWRA),First Solar, Inc. (NASDAQ: FSLR), Suntech Power Holdings Co., Ltd. (NYSE: STP) and MEMC Electronic Materials, Inc. (NYSE: WFR).
About On the Move Systems, Inc.
On the Move Systems, Inc. (OTCQB:OMVS) is a growth-oriented company that acquires and commercializes cutting-edge automotive electronics and energy technologies. The company continually pursues partnerships with technology innovators with the intent of diversifying its customer base and developing profitable new products, processes and innovations that will fuel new business opportunities. OMVS is an OTCQB publicly traded company. For more information, please visit our website at [ http://www.OnTheMoveSystems.com ]. To view investing info and performance data on On the Move Systems, please visit[ http://www.onthemovesystems.com/investor-relations.html ].
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
