SNM Global Holdings Rides the Wave: Unveils 7 New Wave Power Technologies
LONDON, Oct 21, 2010 (MARKETWIRE via COMTEX) -- SNM Global Holdings (pinksheets:SNMN) announced today the official unveiling and launch of seven additional Hydrokinetic Wave Power development technologies under its recently announced Small & Micro Hydro Technology Development Initiative.
These Wave Power technologies address the issue of harvesting wave and tidal power and converting it efficiently and cost effectively into mechanical energy through innovative design, engineering and application of proven principles; thereby providing redundant energy supplies in a wide variety of applications, particularly adaptable as solutions for emerging markets.
With the addition of these Wave Power projects, the Company now has a total of eighteen distinct technologies and designs being primed for commercialization and international distribution; thereby further enhancing the Company's recent Technology Acquisition, internally valued at $12.5 million.
The seven Hydrokinetic Wave technological solutions:
1. Ebb and flow current converter
2. Oblique Wave Converter
3. Wave Pendulum Converter
4. Wave Absorbing Converter
5. Coastal Wave Converter
6. Swinging Buoys
7. Wave Endless-Belt
It is expected that a number of the Small & Micro Hydro technologies can be integrated with the Company's recently announced Clean Water and Salt Water Desalination initiatives, thereby providing both energy and clean water sources simultaneously.
The recent market reports from Frost & Sullivan have estimated that the "global ocean energy industry can be worth $1 trillion" and Pike Research states hydrokinetic energy is "50 to 100 times more cost-efficient than wind or solar..." and can be more reliable than other kinds of renewable energy sources such as wind or solar.
And, according to a new report from Pike Research, strong growth in the desalination technology market is predicted over the next several years, and the respected cleantech market intelligence firm forecasts that global desalination investment will double from $8.3 billion in 2010 to $16.6 billion per year by 2016, representing cumulative spending of $87.8 billion during that period.
The Company's technologies and development projects will be integrated into the Company's MicroTechnology Transfer (mt2) Program and MicroEquity Partner Program, which enables the acquisition, development, distribution and transfer of technologies that will provide for the betterment of society and provide the catalyst for emerging markets to leapfrog into the sustainable sectors that will drive the twenty-first century.
The Company encourages collaboration with public, private and institutional partners in all phases of the development and technology transfer cycle; and accepts submissions from both collaborative development, distribution and inventor partners through the Collaboration Portal on its new website at www.SNMNglobal.com.
About SNM Global Holdings SNM Global Holdings (SNM Global) is a technology holding and development company that invests in, acquires, and develops Intellectual Property Assets and Operations in the Clean/Alternative Energy, Biotech, Water and Better Health & Living sectors adapted specifically for the emerging global markets.
The Company realizes revenues from the distribution of its technology, products, and solutions through its network of international agents and distributors and through the licensing of Intellectual Property through its innovative mt2 Program. The Company provides its International MicroEquity Partner program to our local partners in our target international markets. This program provides initial funding to a community building and life-enhancing organization. The Company sees profits through equity ownership and sales and distribution of its technology and solutions. The company operates through its subsidiaries and various distribution partners worldwide.
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