Cleantech to focus on biomass
June 6, 2012, Las Vegas, NV - Cleantech Transit Inc. has announced that to further the success from its 500 KW Merced County biomass power plant, it will concentrate its activities on building and operating green energy facilities in North America and around the world.
June 6, 2012, LasVegas, NV – Cleantech Transit Inc. ("Cleantech or the Company") has announced that to further the success achieved to date from its
500 KW Merced County biomass power plant, it will concentrate its
operational activities solely on growing its participation level in
various alternative energy power plants, as well as build and operate
new green energy facilities in North America and around the world.
Thus far the results of the biomass pilot plant has met or exceeded
expectations to date and as the plant moves toward full scale
commercial production has the potential to yield significant revenue
growth. The current and future demands for alternative energy
generation will enable the Company to specifically target
geographical areas where economically and environmentally friendly
technology is vital to the advancement of various communities around
"The significant profitability and clear demand for biomass power
generation will provide our shareholder base with a strong
sustainable business model for years to come," said President and CEO
of Cleantech Transit Inc. Kenneth Bosket. "Our participation in this
initial power plant has presented many other opportunities in the
biomass space and the Company intends to evaluate these opportunities
in its efforts to build shareholder value," he added.
About Cleantech Transit Inc.
The Company's mandate is to create opportunities utilizing advances
in technology and manufacturing processes in order to develop
significant market share in the alternative clean energy sector. With
the growth in green energy initiatives, the Company has expanded its
focus to invest directly in specific projects that will maximize
shareholder value. Recent advances in the technology of converting
wood waste into power have greatly enhanced the economic value of the
company's systems. A Biomass division was launched led by Phoenix
Energy to focus exclusively on generating greater returns for
manufacturing clients worldwide. For more information please visit
the Company's website at