FutureWorld Grabs Solar App Firm SonnenTech for $7.5 Millon

ST. PETERSBURG - FutureWorld Energy, a global provider of alternative, renewable and clean energy technologies, today announced the completion of the acquisition of SonnenTech, a privately-held, engineering, design and implementation firm focused on Solar Thermal, Geothermal and Cogeneration technologies for approximately US $7.5M in Preferred Stock.

"The acquisition of SonnenTech presents an incredible opportunity for FutureWorld Energy to become a dominant force in the renewable energy arena," states Sam Talari, FutureWorld Chairman. "With governments throughout the world mandating the deployment of renewable energy in government buildings, hospitals and new construction, our technology will help to efficiently and cost effectively fills the void."

"One of the biggest hurdles we see with alternative energy systems in a down economy is ROI. SonnenTech has formulated ways to keep their integrated solutions very affordable which leads to a payback period of a few years instead of decades," states Mike Shoaffs, COO of SonnenTech.

According to the US DOE, heating water accounts for 70% of all energy used in commercial and residential structures in the US. Solar Thermal Energy production is the most cost efficient way to save energy.

With the acquisition of SonnenTech, FutureWorld will be pursuing a multi level approach to the clean energy market. The initial application will be commercial grade Solar Thermal systems for hot water generation. Subsequent product offerings will include geothermal systems, including solar cooling and solar dehumidification components, and Cogeneration systems.

FutureWorld also plans to launch an innovative system containing an absorption chiller with ice storage, for both commercial and residential buildings in the Sunbelt of the United States to take advantage of the substantial peak solar hours.

Website: www.futureworldenergyinc.com