USEI Inks Deal with BAF Technologies, Experiences Market Gains
Running up an impressive 57% by 11:12 ET, on volume exceeding 6 million shares in today's market activity, USEI is attracting some serious investor attention. Since the announcement of the ground breaking 54 million dollar contract in Sept of 2006 with PS Natural Gas Company Thailand, things have been all by quiet at US Energy Initiatives Corporation (OTCBB: USEI).
And why would they be? With environmental concerns generating intense global awareness, we are seeing the emergence of a new wave of products that should take us into the next generation . . . and beyond. With the masses not only embracing, but seeking out alternative energy and consumers filling their lives with environmentally friendly products, this sector is becoming more vigorous every day.
It shows in the numbers. In November of 2006, the company reported a 217% growth in revenue and nearly 1300% growth in gross profit for the 9 months ended September 2006 - pretty impressive for a company with an avant-garde product in an emerging market that cannot even yet be fully conceived. Even more impressively, the company reported earlier this month that 2006 total revenues are expected to exceed that of the previous 7 years combined! Maybe USEI was just a little before its time. But its time is now.
Today USEI announced that after years of successful collaboration, BAF Technologies and US Energy Initiatives Corporation (OTCBB: USEI) have inked a major agreement that marks the first attempt to commercialize USEI technology on American soil. This relationship between BAF and USEI is expected to facilitate USEI's domestic expansion as well as lead to a more balanced sales mix between North America, Europe and Asia-Pacific.Business
Thriving on Three Continents . . .
With operations currently surging in the Asia-Pacific and European regions,US Energy is rolling out what the company has identified its highest potential domestic opportunity. Through the agreement with BAF, the self- proclaimed "premier provider of natural gas and propane vehicle conversions", USEI plans to assist clients in meeting the growing number of U.S. clean air mandates, including the strictest of all imposed by the California Air Resource Board (CARB).
Different Market Dynamics Require Varying Penetration Strategies . . .
Demand for USEI technologies in the United States is largely driven by the increasing number of laws and mandates requiring cleaner emissions. By developing technologies that meet the regional specific needs of clients across a wide range of markets, USEI is attracting the interest of worldwide industry leaders such as General Motors, PSGas, TruckGas, and now, BAF.
As we already mentioned, USEI's recent deal with General Motors Thailand is expected to bring in approximately $54,000,000 over a five-year period. Coupled with the announcement of a low-end forecast of 2,500 shipped dual-fuel engines in '07, today's agreement represents just one of many mile markers on USEI's road to dual- fuel dominance.
Speaking of mile markers, USEI stands to benefit immensely in its partnership withBAF. Not only does BAF boast a client list that includes the U.S. Department of Defense, the USPS, and the New York State Department of Transportation, BAF also works closely with state and local government in order to assist in compliance with current and future emissions-related mandates.
By partnering with such an established player, US Energy combines its industry leading technology with the expertise of a known solution provider possessing invaluable client and government contacts. This is compounded by USEI's already stacked client list of General Motors, UPS, Dallas and Portland School Systems and Oklahoma Natural Gas, to name a few.
US Energy Initiatives Corp. has emerged over the past several months, from a high potential "think tank" and technology incubator into a leading supplier of alternative fuel technologies with a fast growing, tier-one client and partner base. USEI is poised for a record revenue year in 2007. And for those of you who have this one tucked in your piggy bank, enjoy the ride.
And why would they be? With environmental concerns generating intense global awareness, we are seeing the emergence of a new wave of products that should take us into the next generation . . . and beyond. With the masses not only embracing, but seeking out alternative energy and consumers filling their lives with environmentally friendly products, this sector is becoming more vigorous every day.
It shows in the numbers. In November of 2006, the company reported a 217% growth in revenue and nearly 1300% growth in gross profit for the 9 months ended September 2006 - pretty impressive for a company with an avant-garde product in an emerging market that cannot even yet be fully conceived. Even more impressively, the company reported earlier this month that 2006 total revenues are expected to exceed that of the previous 7 years combined! Maybe USEI was just a little before its time. But its time is now.
Today USEI announced that after years of successful collaboration, BAF Technologies and US Energy Initiatives Corporation (OTCBB: USEI) have inked a major agreement that marks the first attempt to commercialize USEI technology on American soil. This relationship between BAF and USEI is expected to facilitate USEI's domestic expansion as well as lead to a more balanced sales mix between North America, Europe and Asia-Pacific.Business
Thriving on Three Continents . . .
With operations currently surging in the Asia-Pacific and European regions,US Energy is rolling out what the company has identified its highest potential domestic opportunity. Through the agreement with BAF, the self- proclaimed "premier provider of natural gas and propane vehicle conversions", USEI plans to assist clients in meeting the growing number of U.S. clean air mandates, including the strictest of all imposed by the California Air Resource Board (CARB).
Different Market Dynamics Require Varying Penetration Strategies . . .
Demand for USEI technologies in the United States is largely driven by the increasing number of laws and mandates requiring cleaner emissions. By developing technologies that meet the regional specific needs of clients across a wide range of markets, USEI is attracting the interest of worldwide industry leaders such as General Motors, PSGas, TruckGas, and now, BAF.
As we already mentioned, USEI's recent deal with General Motors Thailand is expected to bring in approximately $54,000,000 over a five-year period. Coupled with the announcement of a low-end forecast of 2,500 shipped dual-fuel engines in '07, today's agreement represents just one of many mile markers on USEI's road to dual- fuel dominance.
Speaking of mile markers, USEI stands to benefit immensely in its partnership withBAF. Not only does BAF boast a client list that includes the U.S. Department of Defense, the USPS, and the New York State Department of Transportation, BAF also works closely with state and local government in order to assist in compliance with current and future emissions-related mandates.
By partnering with such an established player, US Energy combines its industry leading technology with the expertise of a known solution provider possessing invaluable client and government contacts. This is compounded by USEI's already stacked client list of General Motors, UPS, Dallas and Portland School Systems and Oklahoma Natural Gas, to name a few.
US Energy Initiatives Corp. has emerged over the past several months, from a high potential "think tank" and technology incubator into a leading supplier of alternative fuel technologies with a fast growing, tier-one client and partner base. USEI is poised for a record revenue year in 2007. And for those of you who have this one tucked in your piggy bank, enjoy the ride.
Labels: Alternate Fuel, Bio Fuel, Natural Gas, US Energy, US Energy Inititatives, USEI
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