Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

News Update

TICKERS: UGE; UGEIF

Solar Energy Firm Lands Stadium Rooftop Project
News Update

Share on Stocktwits

Source:

The company was chosen because of its extensive commercial and global experience.

UGE International Ltd. (UGE:TSX.V; UGEIF:OTC) announced in a news release it was awarded the contract to engineer and install a 374-kilowatt solar rooftop system on a new stadium being built in Oroquieta City on the island of Mindanao in the Philippines.

The stadium will be part of theOroquieta Bayfront Park and Arena, a development that also will include a park, shopping mall and office buildings.

"Powering the facility with clean, renewable energy ensures that the development of the Philippines' athletic programs and local economies support the clean air and water we all need to thrive," saidUGE Philippines board member and retired basketball legend Ramon Fernandez in the release.

The project, which UGE will build this year, should yield an estimated $400,000 in revenue, with the gross margin hitting or exceeding the firm's 23% target.

[NLINSERT]

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are sponsors of Streetwise Reports: UGE International. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with UGE International. Please click here for more information.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own shares of UGE International, a company mentioned in this article.





Want to read more about Alternative - Solar and Alternative Energy investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe