Global Marine Ltd. (Other OTC:GLBM.PK) is changing its name to Solaris Energy Corporation to better reflect its new business strategy in solar energy.
The company announced the name change yesterday and said it is in the process of negotiating solar energy agreements in Guayaquil, Ecuador.
"We are very pleased with the excellent solar energy opportunities that are available now to our company in South America, especially in Ecuador. Ecuador has the most direct solar energy available, due to its proximity along the equator and, through private placements and joint-ventures, we anticipate developing a mutually-beneficial business in that country, offering innovative alternative-energy solutions. We have had substantive discussions with Ecuadorian interests on a number of promising projects and we are hopeful of a speedy and successful outcome to our proposals", said Mr. Beatty.
Company president Douglas Beatty said, "Our Corporation is focused on the marketing and implementation of solar energy technologies and cleantech energy solutions and in transforming ourselves into a global-reach, clean-technology corporation", he added. "The estimated global clean energy market will grow from EUR 31bn currently to EUR 130 billion by 2015, and we aim to be a major participant through our initial ventures in South and Central America."
According to a release, the company chose to change its name to better reflect the evolution of its corporate focus to concentrate on solar and wind-generated, and renewable energy projects. Subject to the appropriate regulatory approvals from its state of incorporation in Nevada, the name change will be effective upon receipt of all necessary regulatory approvals, and receipt of a new trading symbol from the NASD.
About Global Marine Ltd.
Global Marine Ltd is recognized for providing new innovations in the oceanographic & maritime arena through the development of new technologies in energy systems which offer significant environmental benefits. Global Marine Ltd. is currently focusing on the American, Latin and South American marketplaces, where the company has developed long-term relationships and a substantial client base through vertical growth integration and recognized growth opportunities.
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