RENO, Nev., Nov. 10, 2005 (PRIMEZONE) -- EPOD International Inc. (OTCBB:EPOI) (Frankfurt:EDU), announces the company's annual solar panel production capacity has been committed.
Further to the company's press release of October 31, 2005 announcing the start of solar panel assembly operations, EPOD management reports that 100% of the company's current annual production capacity has been spoken for. Orders and commitments for the entirety of the company's production capacity are in place through 2007, representing approximately US$2.5 million of gross profit at current market prices.
"All indications are that strong demand will continue for the next ten years, especially as more countries begin to implement renewable energy support programs similar to Germany's," said Mark Roseborough, EPOD President. "We'll remain focused on delivering upon these commitments while aggressively looking to increase both our assembly capacity and manufacturing capability to further capitalize on the renewable energy market," added Roseborough.
EPOD's early success in solar panel sales will be further enhanced as a majority of panel sales are expected to include EPOD's advanced solar inverter. These results significantly advance the company's efforts to list EPOD's securities on a senior stock exchange in early 2006.
L. Mark Roseborough President EPOD International Inc.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Statements about EPOD's future expectations, including future revenue, earnings and transactions, as well as all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. EPOD intends that such forward-looking statements be subject to the safe harbors created thereby. These statements involve risks and uncertainties that are detailed from time to time in the Company's filings with the Securities and Exchange Commission, including, but not limited to, the Company's 10-KSB for year ended December 31, 2004 filed on or about March 30, 2005, and incorporated herein by reference.
About EPOD: EPOD International Inc. is a leader in the development of advanced energy management technologies with real-world market applications. The Company's patent-pending 'Energy Pod' technology manages and manipulates electrical energy such that utilization of DC-electric battery power becomes significantly more efficient. EPOD's patent-pending and proprietary technologies are applicable to a wide variety of industries and applications, and are available through licensed OEM's and directly to end-users. Additional information may be found on the company's website at www.epodinc.com.
The Company's filings, including current financial reports, can be accessed through the EDGAR database at www.sec.gov.