http://www.send2press.com/newswire/ Business, Entertainment and Technology News Sat, 11 Feb 2012 15:19:40 GMT http://neotrope.com 60 en-us 144 31 http://www.send2press.com/newswire/index.shtml http://www.send2press.com/XML/send2press-rss.gif http://www.send2press.com/newswire/2012-01-0124-005.shtml Tue, 24 Jan 2012 12:54:26 GMT Food Business Laguna Beach California Send2Press Newswire http://www.send2press.com/newswire/2012-01-0124-005.shtml EnviroIngenuity LAGUNA BEACH, Calif., Jan. 24, 2012 (SEND2PRESS NEWSWIRE) -- EnviroIngenuity today announced its vertical farming division, which is developing vertical farming processes in Southern California to enable individuals and communities to grow their own food in urban areas.

Dr. Dave Schemberger M.D., holistic healer and microgreens expert who helped shape a successful movement toward urban agriculture in Milwaukee with Will Allen's Growing Power, has joined the team to consult on the development of high-yield vertical farming processes.

These processes produce pesticide-free produce in small spaces. This type of farming dramatically increases affordable access to locally grown, healthier produce, and virtually eliminates the need for transportation, cuts greenhouse gas emissions and reduces water, fertilizer and energy use more than 85 percent.

"Our existing system that distributes food over long distances demands a massive waste of limited resources. Growing food locally mitigates this waste," said Erik Cutter, Managing Director of EnviroIngenuity. "Not only is excessive fuel consumption harmful to the environment, but by the time produce has reached the consumer, it has lost much of its nutritional value."

Consuming locally grown produce provides numerous health benefits that can alleviate and eliminate chronic illnesses such as diabetes, hypertension and heart disease.

"Chronic illness is exacerbated by eating hollow food which has lost its nutritional value from spending too much time on a truck or grocery store shelf," said Dr. Dave Schemberger. "We can prevent and reverse much of the disease found in our modern life by avoiding processed food and consuming more raw fruits and vegetables close to the time they are harvested."

The new division's goals includes developing coalition partners in designated food deserts as identified by First Lady Michelle Obama, and deploying vertical farms throughout Southern California to be used for education and creating jobs for urban teens, veterans and others.

"Our vision is a future where neighborhood farms support their local community with affordable, healthy organic produce. Through vertical farming, we can increase yields to achieve this result and strengthen our communities by making them more food and energy secure. We will also improve health and create jobs that cannot be outsourced," said Cutter.

After practicing medicine under AMA guidelines for many years, Dr. Schemberger became an expert in utilizing a raw plant-based diet to heal the body and resist disease. An expert in growing food, composting, vermiculture and soil remediation, his experience includes helping individuals and communities to become self-sufficient through urban community farming.

About EnviroIngenuity:
EnviroIngenuity was founded in 2009 by a group of forward-thinking professionals to take advantage of the growing demand for more efficient, cost effective sustainable energy solutions, employing solar PV, hi-efficiency LED lighting, green building and vertical food production technologies. We are all about "advancingreenergy" and reducing waste, thus better utilizing our limited natural resources. As businesses invest in a lower carbon future, our team is focused on helping these organizations move forward toward the deployment of sustainable energy solutions using disruptive technologies. Learn more at: http://www.EnviroIngenuity.com .

NEWS SOURCE: EnviroIngenuity
This story was issued by Send2Press® Newswire on behalf of the news source and is Copyright © 2012 Neotrope® News Network - all rights reserved.

TAGS: EnviroIngenuity, Agriculture and Farming, Send2Press. ]]> http://www.send2press.com/newswire/2012-01-0103-002.shtml Tue, 03 Jan 2012 15:11:46 GMT Insurance Energy Irvine California Send2Press Newswire http://www.send2press.com/newswire/2012-01-0103-002.shtml PowerGuard Specialty Insurance Services IRVINE, Calif., Jan. 3, 2012 (SEND2PRESS NEWSWIRE) -- PowerGuard Specialty Insurance Services announces that Chinese solar manufacturer, ZNShine, has joined the growing number of international solar panel manufacturers adopting PowerGuard's unique PowerClip™ extended warranty protection.

ZNShine Solar is a vertically integrated producer of solar photovoltaic modules. Controlling the value chain from raw silicon to solar photovoltaic systems, the company has a strong position in the global renewable energy market. This integrated business model gives ZNShine a unique opportunity to generate solar electrical power at a highly competitive price.

In 2011, ZNShine's production reached annual capacity of 500 MW. They accomplished this using highly automated production lines equipped with machines supplied by leading European companies. This process ensures very narrow processing parameters, resulting in stable and solid product quality, which has consistently received a top rating from PHOTON Field Measurement. ZNShine pays constant attention to product quality and their modules have been certified by UL, TUV, Rheinland, TUV SUD and BABT.

ZNShine products are further supported by both Zurich Insurance and now by PowerGuard.

A specialty renewable energy program manager based in the U.S., PowerGuard provides an innovative 25-year, non-cancellable quality and performance guarantee solution to back-up a manufacturer's own warranty terms.

The PowerGuard insurance solution, available globally, provides certainty and security to the solar manufacturer's end customers. Its warranty terms are non-cancellable and will survive even insolvency and bankruptcy. Third-party rights to the policy in case the original solar manufacturer goes out of business are also offered, backed by the capital strength of the insurance market.

Mike McMullen, Managing Principal of PowerGuard, said: "PowerGuard is proud that our unique and innovative PowerClip risk-transfer product is increasingly being adopted by leading solar module manufacturers around the world. PowerGuard will continue to support the development and success of the global renewable energy industry with unique, industry-leading products and services."

Poly and mono crystalline photovoltaic modules manufactured by ZNShine Solar have been successfully used in various medium and large-scale projects located in Germany, Spain and Italy. With these references, the company is now recognized and supported by both U.S. and European banks for both medium and large-scale investments in solar photovoltaic parks.

Guaranteeing warranty terms through the use of insurance provides the certainty manufacturers and their customers seek, as well as long-term stability for the industry.

Contact:
Mike McMullen
949.224.1325
mmcmullen@powerguardins.com .

About PowerGuard Specialty Insurance Services:
PowerGuard is a specialty renewable energy program manager specializing in the design and underwriting of unique insurance and risk management solutions for wind, solar and other alternative energy companies.

PowerGuard's PowerClip warranty product is the most comprehensive contractual liability coverage available to renewable energy manufactures, project developers, power generation operators and the financial institutions who invest in them.

PowerGuard's PowerWrap Solar Project Guarantee Policy is a simple and straightforward insurance policy that guarantees the performance of the entire solar energy system - written on investment grade paper with an insurance company holding an AA- rating from Standard & Poor's. For more information please visit www.powerguardins.com .

NEWS SOURCE: PowerGuard Specialty Insurance Services
This story was issued by Send2Press® Newswire on behalf of the news source and is Copyright © 2012 Neotrope® News Network - all rights reserved.

TAGS: PowerGuard Specialty Insurance Services, Energy, Oil and Gas, Send2Press. ]]> http://www.send2press.com/newswire/2011-12-1229-001.shtml Thu, 29 Dec 2011 07:57:01 GMT Business Home and Garden Kansas City Kansas Send2Press Newswire http://www.send2press.com/newswire/2011-12-1229-001.shtml Foley Group, Inc. KANSAS CITY, Kan., Dec. 29, 2011 (SEND2PRESS NEWSWIRE) -- Foley Group, Inc., a leader in the commercial and industrial lighting industry is celebrating their 50th year in business.

"This is a major milestone for Foley Group. Our company began as a representative for Lithonia Lighting in 1961, and Foley Group still represents Lithonia and the Acuity line today," said president and co-owner, Scott J. Denney. "We're pleased about celebrating 50 years in business. Foley Group is delighted to offer the most cutting-edge products and industry expertise for our customers, enabling them to provide the most innovative lighting and lighting control solutions to their clients," Denney continued."

"This is an exciting time to be in the lighting industry. The technological advancements in LED lighting and digital controls are revolutionary and enable end users to maximize energy savings and reduce maintenance costs. At the same time the controllability of LED fixtures is easier than ever before for the installer and the end user. In addition to using less energy which saves money and helps the environment, these innovations literally increase the quality of light in the space," said Denney.

Digital LED lighting is the way of the 21st century, as it is emerging as the viable alternative to fluorescent fixtures.

The team at Foley Group has over 253 years of combined experience in the lighting industry which has resulted in the company's position as the most respected firm in the field.

"We rely on Foley Group because of their people's expertise in lighting and lighting control solutions of every type," said David W. Rezac, principal at the multiple award-winning architectural firm, 360 Architecture, Inc.

About Foley Group, Inc.:
Founded in 1961, Foley Group, Inc. is a highly-respected market leader in the lighting industry. Foley Group is based in Kansas City, Kansas with branch offices in Springfield, Missouri and Wichita, Kansas. For further information, please visit: http://www.Foley-Group.com .

The Foley Group logo is a trademark of Foley Group, Inc. Lithonia Lighting is An Acuity Brands Company. Any and all other trademarks listed herein are property of their respective owners.

NEWS SOURCE: Foley Group, Inc.
This story was issued by Send2Press® Newswire on behalf of the news source and is Copyright © 2011 Neotrope® News Network - all rights reserved.

TAGS: Foley Group, Inc., Architecture, Send2Press. ]]> http://www.send2press.com/newswire/2011-12-1216-002.shtml Fri, 16 Dec 2011 13:42:27 GMT General Editorial Product Launches Alameda California Send2Press Newswire http://www.send2press.com/newswire/2011-12-1216-002.shtml Green Earth Mall LLC ALAMEDA, Calif., Dec. 16, 2011 (SEND2PRESS NEWSWIRE) -- 'Tis the season to be green! We are right on track for yet another record year in online holiday shopping sales. GreenEarthMall.com officially launches its portal today. The site boasts a massive array of eco friendly products, making it the largest all green shopping site in the world.

Finally consumers have an easy way to make more socially responsible and sustainable buying decisions.

Green Earth Mall (GEM) has over 200 green shopping categories boasting over 15,000 eco-friendly items that are either all natural, organic or use green technologies that don't damage the environment.

"The time has come to stop poisoning ourselves and the planet. And one of the easiest ways to accomplish this is to become an environmentally conscious consumer," said Doug Gordon, founder and CEO of Green Earth Mall LLC.

Gordon cited that the growing number of global consumers adopting green lifestyles has pushed many businesses to innovate in eco friendly ways, expanding the green marketplace to offer more socially responsible, sustainable, and eco-friendly products.

"The fastest way to accelerate our new green economy is for the average consumers to use their purchasing power to encourage companies to become more green and sustainable," he added.

"Help save the planet by using your power to buy green," Gordon stressed, adding that, "there's no better time to start doing it than now-in this season of giving and sharing."

Green consumers are clearly looking for an easy way to shop green and now they can with more choices than they ever imagined possible.

More information: http://GreenEarthMall.com .

NEWS SOURCE: Green Earth Mall LLC
This story was issued by Send2Press® Newswire on behalf of the news source and is Copyright © 2011 Neotrope® News Network - all rights reserved.

TAGS: Green Earth Mall LLC, Online Shopping Sites, Send2Press. ]]> http://www.send2press.com/newswire/2011-12-1216-001.shtml Fri, 16 Dec 2011 06:58:38 GMT Manufacturing Hospitality Elkhart Indiana Send2Press Newswire http://www.send2press.com/newswire/2011-12-1216-001.shtml REMIS AMERICA, LLC ELKHART, Ind., Dec. 16, 2011 (SEND2PRESS NEWSWIRE) -- REMIS AMERICA has installed its first black RemiSafe doors on 24 feet of previously open Hill Phoenix cases at a ShopRite in New Rochelle, NY. These are the first black RemiSafe doors anywhere in the world.

"This is a great extension of our product line brought about by customer request," explains Matt Pletcher, managing director for REMIS AMERICA (www.remisamerica.com). "Demand for black doors is coming from several major retailers. We can build any color door with volume justification."

REMIS AMERICA offers retro-fit refrigeration doors and covers to grocery retailers and OEM case manufacturers that cut energy costs up to 80% while also greatly reducing retailers' carbon footprint.

REMIS AMERICA's eco-friendly, energy saving systems are unrivaled in keeping energy consumption low by providing a full range of medium temperature insulated glass doors and bunker freezer covers, installation and service.

These proven glass doors and covers are engineered to custom fit individual refrigeration case specifications and are in use in over ten thousand retail stores throughout Europe, via our sister company, REMIS GmbH of Cologne, Germany.

REMIS AMERICA, headquartered in Elkhart, Indiana, is the result of a joint venture between, DEHCO, Inc., Elkhart, Indiana, and REMIS GmbH of Cologne, Germany.

In addition to the Midwest headquarters, REMIS AMERICA offers a network of sales and service centers throughout North America, including Eugene, OR, Tampa, FL, and Manheim, PA.

More information: http://www.remisamerica.com .

- Photo Caption: Black RemiSafe doors, ShopRite, New Rochelle, NY.

NEWS SOURCE: REMIS AMERICA, LLC
This story was issued by Send2Press® Newswire on behalf of the news source and is Copyright © 2011 Neotrope® News Network - all rights reserved.

TAGS: REMIS AMERICA, LLC, Green Business, Send2Press. ]]> http://www.send2press.com/newswire/2011-11-1117-001.shtml Thu, 17 Nov 2011 04:58:51 GMT Safety and Security Solutions Electronics Carson California Send2Press Newswire http://www.send2press.com/newswire/2011-11-1117-001.shtml DocMagic, Inc. CARSON, Calif., Nov. 17, 2011 (SEND2PRESS NEWSWIRE) -- DocMagic, Inc., a leading provider of document production and compliance technologies, announced that it has opened up the use of its eSign platform to anyone and everyone at no cost. DocMagic eSign provides for the secure capture of electronic signatures for all documents stored in the PDF file format. Documents are digitally sealed and access is provided to all parties with audit trail capabilities, document versioning, and email notifications. As a result, organizations save paper, time and money using eSign.

The eSign Solution works by leveraging DocMagic's proprietary ClickSign technology, which has traditionally been used by borrowers to electronically execute agreements, disclosures and notices provided in conjunction with a mortgage transaction. However, DocMagic has now extended the use of the technology by enabling open access to the innovative system - for free.

"We developed eSign to be used for any document for free to encourage greater adoption of electronic signatures," said Dominic Iannitti, president and CEO of DocMagic. "We strongly believe that our offering will revolutionize the way documents are signed by creating a domino effect among companies using it. This new offering lays the foundation for other software vendors to follow suit with the goal of reducing the need to rely on paper and help organizations go green."

Iannitti added: "Using our eSign solution to sign sensitive documents such as contracts, NDAs and proposals is as legally effective, valid and enforceable as documents that are printed and signed in ink. When multiple parties are involved in signing a document, that document is often printed several times, then faxed or emailed, and the process is repeated until all signatures are collected. This manual method will eventually become obsolete; as such, we're driving the utilization of eSignatures not just in the mortgage space, but universally."

Setup and use of the platform is quick, easy and completely free to anyone interested in using it. An application programming interface (API) is available that provides a collection of XML-based Web services that enables seamless integration with any platform. As a result, data can easily be passed from eSign to various back-office systems. DocMagic's eSign solution has been officially released and is now available for use at www.docmagic.com .

About DocMagic:
Founded in 1988 and headquartered in Carson, Calif., DocMagic, Inc., is a document technology company that develops software, processes and web-based systems for the production and delivery of documents. DocMagic provides compliance expertise regarding the completion of all mortgage forms and both guarantees and warrants that all agency forms are up-to-date and in compliance with GSE requirements. DocMagic's compliance experts and in-house legal staff constantly monitor legal and regulatory changes at both the federal and state levels to ensure accuracy. For more information on DocMagic, visit www.docmagic.com .

Media Contact:
Joe Bowerbank
Profundity Communications, Inc.
949.378.9685.

NEWS SOURCE: DocMagic, Inc.
This story was issued by Send2Press® Newswire on behalf of the news source and is Copyright © 2011 Neotrope® News Network - all rights reserved.

TAGS: DocMagic, Inc., Software, Send2Press. ]]> http://www.send2press.com/newswire/2011-10-1024-003.shtml Mon, 24 Oct 2011 15:19:07 GMT Business Food Hatfield Pennsylvania Send2Press Newswire http://www.send2press.com/newswire/2011-10-1024-003.shtml Hill PHOENIX HATFIELD, Pa., Oct. 24, 2011 (SEND2PRESS NEWSWIRE) -- Hill PHOENIX, a designer and manufacturer of commercial refrigeration equipment, and Keasbey, N.J.-based Wakefern Food Corp are pleased to announce the grand opening of the new GreenChill Gold Award-winning ShopRite store in the Hatfield Pointe Shopping Center in Hatfield, Pa.

GreenChill is an E.P.A. Partnership with food retailers to reduce refrigerant emissions and decrease their impact on the ozone layer and climate change. GreenChill works to help food retailers:
* Transition to environmentally friendlier refrigerants;
* Lower refrigerant charge sizes and eliminate leaks; and
* Adopt green refrigeration technologies, strategies, and practices.

Hatfield's new ShopRite is the result of a team effort to combine green refrigeration technologies with merchandising that supports the store's commitment to organic, local and specialty foods. Representatives from Pennsylvania-based AMF Sales and Associates, Inc. and Hill PHOENIX worked with ShopRite to design a mechanical and merchandising plan that would not only fulfill the company's branding mission, but also would meet E.P.A. GreenChill Gold standards for sustainable refrigeration.

"It is important for us and for the community that ShopRite is environmentally responsible with our refrigeration technology," said Jim Madanci, ShopRite's director of operations. "Our investment in sustainability sends an strong message to our customers, our vendors and our community."

GreenChill Gold Award certification requires that a store use only non-ozone-depleting refrigerants. It must also achieve an average HFC refrigerant charge of no more than 1.25 pounds of refrigerant per 1,000 BTU per hour total evaporator cooling load and a store wide annual refrigerant emissions rate of no more than 15 percent.

"The ShopRite in Hatfield, PA can be very proud of this achievement," said Keilly Witman, manager of EPA's GreenChill Partnership. "Our gold certification standards are so tough that only 30 stores out of about 36,000 in the nation currently hold GreenChill's Gold-Level Store Certification."

ShopRite installed a Hill PHOENIX Second Nature(R) MTLTX2 system that combines a medium temperature secondary coolant system using glycol and a low temperature direct expansion cascade system using CO2 as a refrigerant.

ShopRite is a retailer-owned cooperative that is part of Keasbey, N.J.-based Wakefern Food Corp. The Hatfield store will be operated by KTM Supermarkets Inc., which also owns and operates ShopRite in West Chester, Pa.

About Hill PHOENIX:
Hill PHOENIX Inc., a Dover Company, is based in Conyers, Ga. The company designs and manufactures commercial refrigerated display cases and specialty products, refrigeration systems, integrated power distribution systems and walk-in coolers and freezers. Visit www.hillphoenix.com or call 800-283-1109 for more information.

NEWS SOURCE: Hill PHOENIX
This story was issued by Send2Press® Newswire on behalf of the news source and is Copyright © 2011 Neotrope® News Network - all rights reserved.

TAGS: Hill PHOENIX, Retail and Franchise, Send2Press. ]]> http://www.send2press.com/newswire/2011-10-1012-003.shtml Wed, 12 Oct 2011 16:59:39 GMT Books Business Wayne New Jersey Send2Press Newswire http://www.send2press.com/newswire/2011-10-1012-003.shtml The Ballantine Corporation WAYNE, N.J., Oct. 12, 2011 (SEND2PRESS NEWSWIRE) -- The Ballantine Corporation announced this week the release of its latest direct marketing white paper: "The Four R's of Green Direct Mail."

It details how to reduce, reuse, recycle and respond and can be read in full here: www.ballantine.com/2011/10/10/green-direct-mail/.

"Green direct mail continues to be an important topic," says Ryan Cote, director of marketing for the Ballantine Corporation. "We hope that this white paper will provide businesses with useful and practical tips to help make its direct mail greener."

Additionally, green direct mail not only demonstrates a business's commitment to the environment, it can also help to save money in certain cases.

"The Four R's of Green Direct Mail" provides specific tactics that can be easily employed. For example, reducing materials used is one of the easiest ways to get started and includes actions such as linking to online content; using press-efficient formats; fine-tuning targeted mailing lists; and more.

And, while many marketing departments have some type of recycling program in place there are ways that businesses can also encourage their customers to recycle and make the process even that more effective.

Another "R" - reusing - may prove to be the most difficult to implement, but it may also have the greatest number of options to choose from.

Finally, a business should "respond."

"There's nothing wrong with a company tooting its own horn," says Cote. "If it is making efforts to become 'greener,' there are several ways that it can communicate this to its customer base. Everyone will benefit."

About Ballantine:
Family-owned since 1966, The Ballantine Corporation is a New Jersey-based company offering direct marketing services to companies nationwide.

For more information, visit: www.ballantine.com.

- 300dpi photo download for media: http://Send2PressNewswire.com/image/11-1012-ballantine_300dpi.jpg .
- Photo Caption: Ballantine's, "The Four R's of Green Direct Mail."

NEWS SOURCE: The Ballantine Corporation
This story was issued by Send2Press® Newswire on behalf of the news source and is Copyright © 2011 Neotrope® News Network - all rights reserved.

TAGS: The Ballantine Corporation, Advertising and Marketing, Send2Press. ]]> http://www.send2press.com/newswire/2011-09-0908-002.shtml Thu, 08 Sep 2011 18:35:56 GMT NonProfit Manufacturing Austin Texas Send2Press Newswire http://www.send2press.com/newswire/2011-09-0908-002.shtml Center for Maximum Potential Building Systems AUSTIN, Texas, Sept. 8, 2011 (SEND2PRESS NEWSWIRE) -- Center for Maximum Potential Building Systems (CMPBS), the oldest continuously operating non-profit organization in the U.S. focused exclusively on green building, sustainable development and ecoBalance design, received a $75,000 grant from the Meadows Foundation, the Dallas-based philanthropic institution dedicated to helping improve the quality and circumstances of life for all Texans. The grant will establish low-carbon, low-potable water alternatives to standard concrete design mixes.

Founded in 1948, the Meadows Foundation has dispersed over $750 million in grants and direct charitable expenditures to over 3,000 Texas institutions and agencies. This is the third major grant CMPBS has received over its 36-year history from the Meadows Foundation. In 1988, CMPBS received a grant for the design and construction of the Laredo Demonstration Blueprint Farm located in Laredo, Texas, and in 1995 a grant to support the design and construction of the Advanced Green Demonstration Building in Austin, Texas. Both projects achieved international acclaim and have had global influence on fundamental concepts about building design, construction, materials and affordability through the building life cycle.

With this $75,000 grant, the Meadows Foundation will enable groundbreaking work to establish low-carbon, low-potable water, by-product based cements and concrete alternatives. "Six percent of the world's human-influenced CO2 is associated with Portland cement manufacturing, while globally, the production of concrete consumes one trillion gallons of potable water each year. We applaud the Meadows Foundation for supporting this compelling work, with opportunities to move towards a next generation of cement and concrete design mixes relevant to 21st century realities of global climate change and fresh water deficits," said CMPBS Co-Founder and Co-Director Pliny Fisk III. "We also believe these new cement options will open up new opportunities for resilient, low maintenance, affordable housing applications in Texas and beyond."

The Meadows Foundation strives to exemplify the principles of its founder in addressing basic human needs by working toward the elimination of ignorance, hopelessness and suffering, protecting the environment, providing cultural enrichment, encouraging excellence and promoting understanding and cooperation among people.

About Center for Maximum Potential Building Systems:
Based in Austin, Texas, Center for Maximum Potential Building Systems is a non-profit education, research, and demonstration organization specializing in ecoBalance planning and design. Established in 1975, CMPBS undertakes collaborative projects based on their potential to positively influence local, regional and global sustainability and social well-being and human health.

More information: http://www.cmpbs.org .

NEWS SOURCE: Center for Maximum Potential Building Systems
This story was issued by Send2Press® Newswire on behalf of the news source and is Copyright © 2011 Neotrope® News Network - all rights reserved.

TAGS: Center for Maximum Potential Building Systems, Construction and Building, Send2Press. ]]> http://www.send2press.com/newswire/2011-07-0707-006.shtml Thu, 07 Jul 2011 18:53:06 GMT Insurance Business Irvine California Send2Press Newswire http://www.send2press.com/newswire/2011-07-0707-006.shtml PowerGuard Specialty Insurance Services IRVINE, Calif., July 7, 2011 (SEND2PRESS NEWSWIRE) -- PowerGuard Specialty Insurance Services - a Managing General Agent and Lloyds cover holder specializing in unique insurance and risk management solutions for the wind and solar energy industries - today announced the availability of PowerGuard's latest insurance solution for the solar industry: the PowerWrap Solar Project Performance Guarantee Policy.

Solar project developers, owners and lenders have long sought an insurance product or financial solution that would guarantee the output of the entire solar project system.

PowerWrap has been designed to answer this need, providing a financial backstop for the design of the system; the installation of the system; warrantees for system hardware including panels, inverters, racking, trackers, loss of revenue and tax credits (SREC's) and contractually increased costs and liquidated damages, all in a single policy form. In some cases, even lack of sun coverage can be wrapped into the coverage.

"We believe PowerWrap is a compelling solution in the world of solar project finance," said John Hahn, CEO of PowerGuard. "We have enjoyed great success via our PowerCLIP™ warranty program - guaranteeing warranty terms through the use of insurance - and are now doing the same with our PowerWrap Solar Project Performance Guarantee."

Features and benefits of PowerWrap include:
* Comprehensive solar energy project output guarantee
* Policy is non-cancellable
* Coverage survives bankruptcy and is transferable
* Policy covers loss of business revenue and tax credits
* Flexible self-insured retention (SIR) and other coverage features
* Covers costs associated with non-performing or underperforming systems
* Lender-friendly policy language written on A.M. Best "A" rated, class XV paper.

Mike McMullen, managing director of PowerGuard said, "We have listened to our clients and the market carefully, recognized and understood evolving needs, and delivered a unique, comprehensive, first-of-its-kind packaged solution. We believe it will be a complete game changer for PowerGuard with respect to how we assist solar projects in getting designed, financed and built around the world."

For further information please contact:
Mike McMullen
949.224.1325
mmcmullen@powerguardins.com .

About PowerGuard Specialty Insurance Services:
PowerGuard is a Managing General Agent and Lloyds cover holder specializing in the design and underwriting of unique insurance and risk management solutions for wind, solar and other alternative energy companies.

PowerGuard's PowerClip warranty product is the most comprehensive contractual liability coverage available to renewable energy manufactures, project developers, power generation operators and the financial institutions who invest in them.

PowerGuard's PowerWrap Solar Project Guarantee Policy, is a simple and straightforward insurance policy that guarantees the performance of the entire solar system - written on investment grade paper with an insurance company holding an "AA-" rating from Standard & Poors. For more information please visit www.powerguardins.com .

NEWS SOURCE: PowerGuard Specialty Insurance Services
This story was issued by Send2Press® Newswire on behalf of the news source and is Copyright © 2011 Neotrope® News Network - all rights reserved.

TAGS: PowerGuard Specialty Insurance Services, Energy, Oil and Gas, Send2Press. ]]>