LAUSANNE, Switzerland, August 25, 2010 /PRNewswire/ -- PR Newswire incorrectly published the release, "SwissINSO is on the Move" on 25 Aug 2010 19:04 GMT, by SwissINSO Holding Inc. We are advised by a representative of the company that in the second paragraph, SwissINSO SA should read "SwissINSO Holding Inc. (SWHN.OB)". Complete, corrected release follows:
-- SwissINSO, a major innovator in the application of solar-power to water purification/desalination and heating/cooling of buildings, announces its move to Switzerland's prestigious EPFL Science Park, joining an exclusive club of world-class players.
SwissINSO Holding Inc. (SWHN.OB) is proud to announce its move to the prestigious R&D Science Park at EPFL (Ecole Polytechnique Federale de Lausanne), the Swiss Silicon Valley. The move to this renowned technology hub reflects the success of the company's significant product developments and rapid business growth.
SwissINSO will work within the scientific community of 300 laboratories, 4000 researchers and 7000 students. This further strengthens the company's commitment to bringing advanced, 100%-green solar technology to the marketplace.
SwissINSO is in good company as it joins the roster of 80+ companies, ranging from start-ups to some of the world's most prominent high-tech names.
A Long-Standing Research Partnership
"This move was a natural outgrowth of the partnership we developed with LESO, the solar applied research laboratory of EPFL", said Dr. Yves Ducommun, CEO of SwissINSO and a PhD from EPFL. "SwissINSO is proud to have financed two new positions at LESO, a post-doctoral scientist and a doctorate student, as part of its commitment to practical applications of advanced solar energy technology.
We believe that these knowledge-sharing initiatives and technological partnerships will help accelerate the technical and commercial development of new green products for which we have a distinct competitive edge", he added.
About SwissINSO: SwissINSO utilizes its proprietary intellectual property assets to provide environmentally friendly, innovative solar-energy solutions and related technologies to meet growing global needs. The company's goal is to become a world leader in turn-key solutions using renewable energy for the purification and desalination of water and the air cooling and heating of buildings. (http://www.swissinso.com)
SwissINSO currently has two core businesses:
-- KRYSTALL (TM) is the world's first 100% solar-powered turnkey water purification system enclosed within standard 20-ft (6,1m) or 40-ft. (12,2m) containers. Easily transportable, Krystall uses patented reverse-osmosis technology to purify 100,000 litres of contaminated water or to desalinate 50,000 litres of seawater per day into high-quality water for drinking or agriculture, with low operating and maintenance costs.
Krystall is perfectly suited for servicing remote towns and villages, hotels, humanitarian and relief situations, and turnkey camps.
-- KLYMAA (TM) uses state-of-the-art nano-composite solar coating technology, developed exclusively with EPFL, to heat and cool buildings via solar-collector glass facade panels. These colored, glazed thermal "curtain walls" are opaque to the eye but transparent to sunlight, allowing as much transmission of the sun's energy as clear glass. Available in a wide variety of colors and treatments, these solar panels now offer architects and engineers design possibilities previously unthinkable.
About EPFL: Ecole Polytechnique Federale de Lausanne (EPFL), is one of the premier academic institutions in Switzerland and Europe. Charged with three missions -- education, research and technology transfer at the highest international level, EPFL is associated with several specialized research institutes. Together with its sister institution in Zurich, the school is among the pre-eminent educational and applied research establishments in the world. EPFL is dedicated to pursuing innovative projects that combine fundamental and applied research to the advancement of science.
http://www.epfl.ch/index.en.html
http://www.science-park.ch
Safe Harbor Statement: A number of statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including our ability to raise capital when needed and on acceptable terms and conditions, the intensity of competition and general economic factors. The actual results SwissINSO, recently acquired by Pashminadepot.com, may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. SwissINSO Holding Inc. encourages the public to read the information provided here in conjunction with its most recent filings, which may be viewed at http://www.sec.gov.
N.B: Translations of this press release from English are provided for guidance purposes only and should not be considered as the official text of the release. The English text is the only legal version of the press communique.
Press Contact:
SwissINSO Contact:
Paul de Belay
VP, Sales & Marketing
pauldebelay@swissinso.com
+41(21)693-86-45
Press Contact: Morris Zand, Zand Media Relations, morris@zand.us, +41(79)785-43-56; SwissINSO Contact: Paul de Belay, VP, Sales & Marketing, pauldebelay@swissinso.com, +41(21)693-86-45
