updated 1/10/2011 9:17:40 AM ET 2011-01-10T14:17:40

BALTIMORE, Jan. 10, 2011 (GLOBE NEWSWIRE) -- Kalahari Greentech, Inc. (Pink Sheets:KHGT) announced today that the Solar Tri-Brid System is ideal for use on buildings utilized for education.

According to the Energy Information Administration, education buildings have the third highest energy expenditures, totaling $7.1 billion per year; most of which is for electricity. Buildings utilized for educational purposes account for 12% of all commercial energy consumption, using a total of 614 trillion Btu of combined site electricity, natural gas, fuel oil, and hot water. Specifically, they use 65 billion kWh (or 221 trillion Btu) of site energy each year. The majority of this energy is used for lighting. (Source: http://www.eia.doe.gov )

Of all the commercial building types, education buildings are the third highest total energy consumer. The energy expenditures in education buildings account for 10% of energy expenditures in all commercial buildings. On average, $0.67 per square foot is spent on electricity in buildings used for education. (Source: http://www.eia.doe.gov )

A paramount advantage of the Solar Collector system is that its energy storing efficiency is at its peak mid-day, when energy demands are at their highest. This allows the solar energy to be used to decrease peak power demands, thus securing a lower energy usage charge from the utility company.

Robert Matthews of Kalahari Greentech states, "Saving even 1% in energy costs could lower utility bills by $7.1 million per year."

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.

CONTACT: Investor Relations Inquiries
         Please email info@kalaharigt.com

© 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 2.44%
$30K home equity loan FICO 5.78%
$75K home equity loan FICO 4.54%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.57%
13.57%
Cash Back Cards 17.91%
17.91%
Rewards Cards 17.15%
17.15%
Source: Bankrate.com