Canada: GreenAngel Energy Announces Additional Contracts and Progress

VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 12/16/09 — GreenAngel Energy (GreenAngel) (TSX VENTURE: GAE) is pleased to announce the following updates for four of its investee companies, Delaware Power Systems, Light-Based Technologies, Habitat Enterprises, and Rapid Electric Vehicles Inc.:

Delaware Power Systems, which has produced the world’s first universal battery module platform for electric vehicles, recently entered into a battery supply contract for two electric vehicle prototypes (versions) and three battery systems with First Automobile Works, the largest Chinese auto manufacturer. Delaware has also recently had its battery system installed on a concept electric vehicle of Volkswagen A.G., one of the world’s largest automakers. GreenAngel CEO, Mike Volker, commented, “We are very excited that Delaware is working with such world class companies, as it obviously validates the company’s approach to helping achieve mass production of electric vehicles by major auto manufacturers”. (www.delawarepowersystems.com)

Following recent patent approval by the US Patent and Trademark Office for its LED lighting control system, Light-Based Technologies (“LBT”) has released its new “Triac” dimming solution for LED lighting fixtures. Triac dimming is crucial to the adoption of solid state lighting (LED) within the retrofit market as triac dimmers have been the most common light controller installed in the 110 million North American households over the past 25 years. The release of this product further opens the door for LBT to help make available cost-efficient, user-friendly LED lighting systems to commercial and residential markets as once standard incandescent lighting is phased out. (www.lightbasedtechnologies.com)

Source: in.sys-con.com