Fidelis Energy Inc. (PINKSHEETS: FDEI) recently announced that it received a multi-million dollar investment commitment from a private investment consortium to provide funding to the Company for its future growth and expansion. After completing several months of due diligence and negotiations, the investors approved the Company's project selection, its innovative business strategy being executed and the effectiveness of our seasoned management's operations.
Xplosive Stocks, an online financial publication, provides investors timely stock market information.
Sign Up Today for our Free Stock Newsletter
Larry Butler, CFO of Fidelis who arranged the funding, states, "We're very excited because we feel this is a major endorsement by these investors in our new management team and our business objectives. It's part of our ongoing process to restructure the Company for long-term profitability. Under the terms of this proposed agreement, Fidelis management intends to use the proceeds of the investment for working capital, to obtain lines of credit, and to raise additional capital for new acquisitions of other solar and alternative energy projects." We are developing, with plans to eventually manufacture and market, innovative solar cells and solar power products for a wide range of applications based on our technology that increases light-trapping while enabling a variety of materials to be used. Our technology employs multiple stacked solar cells in a ceramic sleeve that uses nano-particles and crystal wave guides to carry light from the opening down to the last junction in the solar cell. Competitors' processes that use vacuum chambers (instead of a ceramic sleeve) generally don't allow for material substitution because of contamination issues. We believe our technology will also allow manufacturers to quickly and economically shift to new materials if a shortage of any one type of material occurs. In general, our technology will offer a flexible, cost-effective solution for increased light-trapping and will provide increased efficiency.
Sign up for the free Xplosive Stocks newsletter. Investors interested in receiving small cap stock alerts through the penny stock newsletter published by Xplosive Stocks can sign up for free by visiting our website.
About Us
Xplosive Stock is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We focus on Xplosive Stocks and track small cap companies that are on the brink of a financial breakout. To feature a company on our website please contact us at the email listed below.
Please click here to read the full disclaimer.
