updated 10/18/2010 9:15:57 AM ET 2010-10-18T13:15:57

BALTIMORE, Oct. 18, 2010 (GLOBE NEWSWIRE) -- Kalahari Greentech, Inc. (Pink Sheets:KHGT) released a statement today detailing the benefits of Nanofluid additives for the Tri-Brid Solar Generator.

Nanofluid applications have the potential to increase solar thermal efficiency by approximately 10% with no redesign needed. New manufacturing techniques for 30 nm graphite spheres make this technology economically feasible for Kalahari's products. Using Nanofluids as a direct absorption solar collector has been demonstrated to offer unique advantages over conventional collectors. (Source: http://jrse.aip.org/resource/1/jrsebh/v2/i3/p033102_s1?view=fulltext )

Kalahari representatives are in exploratory discussion with research organizations for research and licensing of next generation Nanofluid formulations that have even greater efficiency benefits. A selection of materials will be conducted based on successfully concluded research results.

At a selling price of $6,000 per "Tri-Brid" system unit, the current market potential for 2 million homes is $12 Billion. Assuming manufacturing begins in early 2012 Kalahari should be able to place approximately 3,000 units in the field by December 2012. As a result, the expected sales for fiscal 2012 are $18,000,000 (eighteen million dollars). 

The trend toward renewable sources of energy is growing. "Renewables accounted for 60 per cent of newly installed capacity in Europe and more than 50 per cent in the USA in 2009." (Source: http://www.globe-net.com )

Internationally, China is expected to raise its 2020 solar power generation target to at least 10,000 MW. The Tri-Brid generator has a potential market of over 2.5 billion users including India and China.

More information can be found on the company's website, www.kalaharigt.com .

About Kalahari Greentech, Inc.: Kalahari Greentech Inc. is an energy company focused on developing, constructing and operating wind and solar energy projects, either on its own or in partnership with other energy companies. The company's main focus is to seek out opportunities to utilize its technology to develop renewable energy sources.

Forward Looking Statements: This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The Company's actual results could differ materially from expected results.

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 3.79%
$30K home equity loan FICO 4.99%
$75K home equity loan FICO 4.69%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.83%
13.79%
Cash Back Cards 17.80%
17.78%
Rewards Cards 17.18%
17.17%
Source: Bankrate.com