Viper Networks Signs $150 Million JV Agreement with BIET Group to Launch Renewable Energy Power Generation Projects Using an Innovative Hybrid PV-Thermal Technology
Viper Networks (VPER) has entered a Joint Venture with BIET Technologies Group for renewable energy projects across the USA, South Africa, Sri Lanka, and Malawi. The partnership focuses on launching the hybrid solar HASSABOU COLLECTOR, aimed at producing 50 MW to 100 MW of energy per project, valued at $150 million. This innovative solar technology claims an efficiency of 91% and operates continuously, even in low sunlight conditions. The collaboration seeks to enhance energy access, food production, and housing in developing regions.
- Joint Venture agreement in renewable energy projects enhances growth potential.
- Introduction of innovative HASSABOU COLLECTOR with 91% efficiency could disrupt solar energy market.
- $150 million value for projects indicates significant investment.
- Focus on developing countries may open new markets and social impact opportunities.
- None.
TROY, Mich., April 14, 2021 (GLOBE NEWSWIRE) -- Viper Networks, Inc. (Pink Sheets: VPER), is pleased to announce that the Company has signed a Joint Venture agreement with BIET Technologies Group to partner on the deployment of renewable energy power projects in several countries including USA, South Africa, Sri Lanka, and Malawi.
Abdelhakim Hassabou Ph.D. Chairman of BIET Technologies Group and Mr. Farid Shouekani, CEO of Viper Networks jointly emphasize: Solar Renewal Energy is foreseen to be the most important clean resource that can be utilized into many applications and projects we are developing. We will launch an innovative hybrid solar Photovoltaic & Thermal energy collector (PV-T); “HASSABOU COLLECTOR” to generate power around the clock 24 hours per day with a simple hot water storage that eliminates all the hurdles associated with contemporary solar technologies both in Concentrating Solar Power (CSP) with molten salt thermal storage and PV with batteries. We will start with multiple power productions projects ranging from 50 MW to 100 MW as the license permits valued at
ABOUT BIET TECHNOLOGIES GROUP
Dr. Hassabou is the Founder and Chairman of BIET Group with presence in Egypt, Qatar, Ghana, Uganda, Kenya and Malawi. He is also affiliated with Cambridge Corporate University (CCU) in Switzerland as the Dean of Renewable Energy Management Postgraduate Studies and Director of the International Energy Unit (IEU), which is a consulting company under the Deanship of Renewable Energy at CCU. The IEU will play an important consulting role in support of the global transition towards accelerated deployment of clean energy and decarbonization of economy. More information about the IEU can be accessed through the link http://www.cpigroup.swiss/International-Energy-Unit.
Dr. Hassabou is an Egyptian-born engineer with a Summa Cum Laude doctorate from Technical University Munich who is heating up competition in solar technology worldwide with his patented
Dr. Hassabou collaborates with leading suppliers in Germany for his solar heat “troughs” and pressurized hot water storage for use with low-pressure turbines to deliver world-beating system as small as 100 kilowatts and up to hundreds of megawatts. His system reduces the footprint and overall cost of solar farms, which generates renewable electricity 24/7, per unit of energy produced by approximately
Dr. Hassabou’s company, BIET (Base for Industrial and Environmental Technology) has a broad vision of how to provide both developed and developing countries with energy, food, desalinated water, green hydrogen and sustainable community housing by combining his hybrid solar system with a punch of unique technologies developed by BIET and other industry partners including VIBER.
“Having grown-up in Egypt and developing business in Africa and India, I know first-hand how insufficient energy, water, food and housing can burden the lower classes and prevent individuals from reaching their full potential,” says Dr. Hassabou. “In general, a collaboration between developed countries and underdeveloped areas of the world, given new breakthroughs in science, can rapidly raise living standards and at the same time lower disease rates associated with unsanitary living conditions and nutrition-deprived diets.”
BIET Group has already initiated several solar power, waste-to-energy and affordable housing initiatives in Africa and plans to combine his affordable housing technologies with local power and food production to raise the living standard of underdeveloped communities throughout Africa starting from Ghana, the Middle East, South America Asia and elsewhere.
“Fortunately,” says Dr. Hassabou, a well-established enterprise like VIBER NETWORKS as well as “a new generation of very wealthy entrepreneurs share the same goals that myself and my colleagues are devoted to in terms of raising standards of life and lowering poverty by creating jobs locally constructing affordable housing, affordable and nutritious food production, and clean, abundant energy that powers local business and social services.”
Dr. Hassabou adds, “We believe that we have access to breakthrough technologies that will usher in a new age of economic development similar to that created by steam engine technology in the eighteenth century that was then followed by the age of electricity and motorized transportation. The difference is that we have the benefit of hindsight in understanding what technologies are compatible with our physical environment and which technologies are to be avoided at all cost because of their destructiveness.”
ABOUT VIPER NETWORKS
Viper Networks is a manufacturer and distributor of highly-efficient Smart LED lighting to provide proprietary LED lighting and Media Infrastructure solutions and Smart Cities Technologies for streets and cities, and highways, parking lots and warehousing facilities everywhere, in addition to solar energy products.
For more information go to www.ViperNetworks.com or follow us on Twitter @vipernetworks.
Investor Relations or Media interest should email ir@vipernetworks.com or call 407.444.5959
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the U.S. Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this release which are not historical are forward-looking and include any statements regarding beliefs, expectations or intentions regarding the future.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/768c1aaf-28f9-47fe-bfb1-45e8cf3dba19
FAQ
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