E3 Acquires International Stake In HESA Ltd, Forms HESA Energy LLC In US
1888 Press Release - E3 expands technology portfolio and international operations with equity stake in HESA Ltd. The investment provides access to an alternative energy technology portfolio which will be integrated into the company's operations.
E3 Services and Solutions Inc. (http://www.e3space.com) has acquired an equity position in HESDA Ltd., a Seychelles based energy technologies.
The same transaction included the formation of HESA Energy LLC in the United States and a share swap with HESA Ltd.
E3 will work to develop and further commercialize key technologies created by HESA Ltd. for energy production, agriculture and medical applications. E3 will also work on research and development projects in conjunction with its partner which includes pollution control applications and supplemental solar solutions.
Mark A. Skoda, CEO of E3 stated, "I am very pleased to announce this equity transaction and the formation of HESA Energy in the US. I have known the principals in HESA Ltd. for nearly fourteen years and have been impressed with their innovation and the intellectual property that was developed in South Africa. Internationalizing this technology through this acquisition will allow both of our organizations to produce new products and services in the renewables energy market."
Jan-Albert Viljoen, President of HESA Ltd. commented, "Mark and I have worked on software applications together in the past. We can now collaborate on innovations related to our technology portfolio while extending the E3 brand and leveraging their technology portfolio throughout the continent and globally. I am pleased to be associated with E3 and look forward to applying our creative energies and driving innovation."
The relationship includes a joint business development effort while focusing on the manufacturing to deployment of both the E3 technology portfolio and HESA's technologies. Globalizing these solutions enhances the opportunity while also ensuring optimal use and deployment to the market in a rapidly changing business environment.
Skoda went on to say that, "Green technology innovation exists globally. E3's goal is to search out that innovation, bring the intellectual property in house and develop the market opportunities presented by a world that is resource constrained. With the closing of this transaction, we renew old partnerships and expand business opportunities while benefiting our clients and the environment."
About E3 Services and Solutions LLC
E3 Services and Solutions Inc. (www.e3space.com) is designed to source innovation and spur innovation through rapid industrialization and policy adoption of FFH technologies while mitigating disruptive process changes to business and the eco-system. All E3 operations and services are .ECT (Environmentally Conscious Technologies) certified.
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Submitted on: 2014-06-23 02:42:18