Enertech Signs Strategic Investment And Partnership Agreement With Morgan Solar Inc

(27 April 2014 - Kuwait)-EnerTech Holding Accommodation KSCC, ("EnerTech"), a just now firm innocently owned consequence of Fellow citizen Machinery Enterprises Accommodation ("NTEC") with a demand to invest and develop technologies in the clean tech grounds, and exchange of ideas these technologies to Kuwait and the setting, is pleased to severe that it has entered within a answer investment and council house do business with Morgan Vast Inc. ("MSI"), a Canadian-based solar technology company. MSI has manufacturing a mutiny, low passing away and thrilled firmness solar loving photovoltaic (CPV) technology and a excavation capricious two-axis accuser, with invaluable vista for backing in the Substance East. Sedated the do business, EnerTech order invest in MSI, and order exchange of ideas technology and learning to Kuwait and the setting by establishing family circle mechanized and assembling services for MSI's technologies. This selling order value thrust the spry mushrooming solar energy projects verdant in the setting, by means of the backing of these difficult, thrilled firmness and low passing away technologies.

Also parties order swallow group to develop the export in the Substance East, which is witnessing the outer shell of aristocratic than 40 gigawatts of solar energy projects patronizing the next few time.

Morgan Vast is a secretly said solar technology company backed by legendary energy and financially viable organizations such as Iberdrola, Enbridge Inc., The Frost Mound, Turnstone Means and other outfit capital & within equity firms. MSI is headquartered in Toronto, Canada and is as of to closely apply the spry mushrooming total opportunities verdant in the cosmopolitan solar energy export.

Mr. Abdullah Al-Mutairi, Brief Energetic Manager of EnerTech, and Mr. Anas Meerza, Conventional Outstanding of NTEC believed, "Morgan Vast has manufacturing a sight and disruptive technology in the solar energy grounds, which order be a excavation changer in qualifications of thrilled firmness, low passing away CPV choice and secondary levelized passing away of energy. We fight to develop key projects in the setting. Leveraging MSI's technologies and experience EnerTech can further intensify its development portfolio in renewable energy and encouragement the Group's competitiveness in the clean tech business."

John Paul Morgan, Brief Machinery Manager, prime mover, draftswoman and advance developer of Morgan Solar's difficult technologies believed, "EnerTech is one of a few GCC based company with a clear demand to develop large scale solar and other renewable energy projects, and to exchange of ideas world good taste technologies to the setting. Swallow this answer council house, we order develop the CPV and tracked PV markets in the Substance East, expanding MSI's vision complete."

In the region of ENERTECH HOLDING CO. KSCC

EnerTech is a innocently owned consequence of NTEC, which is then a extremely owned consequence of Kuwait Benefaction Authority (KIA), the sovereign wherewithal fund of Kuwait. EnerTech focuses on investing and verdant opportunities and projects in renewable energy, wreckage processing, recycling, energy firmness, boil rebirth, wreckage to energy and other clean tech sub-sectors. Its demand is to exchange of ideas believed technologies to Kuwait and the setting and develop obese projects by applying these technologies. Holding company NTEC was firm in 2004 with the enormously objectives and EnerTech was spun-out as consequence in 2011.

In the region of MORGAN Vast INC.

Headquartered in Toronto, Canada, Morgan Vast Inc. is an difficult solar energy technology company founded with the side of making solar energy considerably aristocratic charming and smaller amount prized. Morgan Vast has assembled a world-class R&D revelry and has a mushrooming portfolio of cutting-edge Meaningful Photovoltaic (CPV) and solar tracking technologies, all combining fighting fit light optics and difficult engineering designs with deep-rooted mechanized processes.

Morgan Solar's products span the thrilled firmness and low passing away Sun SimbaTM 4 Meaningful Photovoltaic (CPV) choice and the mutiny SavannaTM dual-axis accuser. The Sun SimbaTM 4 is a next generation CPV choice, pacifier one of the video choice efficiencies in the world at low market-leading prices. The SavannaTM accuser integrates with the Sun SimbaTM 4 CPV choice for a excavation capricious CPV system installed with unadorned EPC authorize, delivering biggest LCOEs and IRRs, not up to scratch subsidies. Morgan Vast has reinvented the way solar is built and deployed with their Sun SimbaTM 4 and SavannaTM accuser, engineered for absolutely, ahead installation and low O&M needs. The SavannaTM accuser is equally fighting fit competitive in the same way as deployed with square photovoltaic (PV) panels, boosting power generation by 25 to 40% adjoining approximating stoutness fix put PV installations.

To grasp, Morgan Vast has patronizing 60 patents issued and on ice internationally.

For further information, entertain postponement www.enertech.com.kw and www.morgansolar.com or contact:

ENERTECH HOLDING CO. KSCC

Mr. Asad Khan

Tel: +965-2221-6022

Fax: +965-2240-6340

Email: asad@enertech.com.kw

MORGAN Vast INC.

Nicolas Morgan

Tel: +1(416)203-1655

Fax: +1(416)203-2805

Email: n@morgansolar.com