VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 22, 2013) - P2 Solar, Inc. (the "Company") (OTCBB:PTOS) announces the construction of a state of the art solar rooftop PV system for Canada Ticket, Inc., at their office and warehouse complex based in British Columbia in Langley.
This project will be the first in Canada for P2 Solar and of the larger single solar PV project ever connected to the Provincial grid, which is operated by B.C. Hydro.
P2 Solar has designed an advanced 53 KWp solar PV system based on the equipment standards of the Ontario feed-in-tariff program.
"Engineering and planning work has been completed and we expect to install and commission the system this spring. This marks a turning point for the company transitioning from R&D to revenue producing projects," says Bali Randhawa, COO of P2 Solar.
Canada Ticket will assume ownership of the facility but P2 Solar will continue to provide operations and maintenance service. Surplus power will be fed into B.C. Hydro's grid under the latter's net-metering program.
About P2 Solar, Inc.
P2 Solar, Inc. ("P2" or the "Company") is a developer of solar PV power projects. The company's shares trade on the OTC as PTOS. P2 is focused on building new solar PV projects where renewable energy policies are favorable and where the public and private sectors are actively seeking to incorporate solar PV into their electricity consumption profiles.
About Canada Ticket, Inc. (www.canadaticket.com)
Founded in 1979, Canada Ticket, based in Langley, B.C, is a family owned business that produces tickets, tags, and labels for a wide variety of industries throughout Canada, the United States and the world. The family has a long and storied pedigree in the printing business dating back to the late 19th century.
Safe Harbor Statement
Statements made in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Risk factors that could cause actual results to differ materially from those projected in forward-looking statements include, but are not limited to, general business conditions, managing growth, and political and other business risks. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risks and other factors detailed in P2 Solar, Inc.'s reports filed with the Securities and Exchange Commission. P2 Solar, Inc. undertakes no duty to update these forward-looking statements.
Contact Information:
Investor Relations Contact:
Capital Group Communications, Inc.
415-332-7200
Mark Bernhard
mark@cgcone.com
Mark Gundy
markgundy@gmail.com
Company Contact:
P2 Solar, Inc.
invest@p2solar.com
www.p2solar.com