PM & E, Inc. announced today that it’s wholly owned subsidiary, Suncetix Inc. which engaged in Research & Development and production of Concentrated Modular Photovoltaic Applications of high efficiency and low cost has further developed new PV cells which are much more efficient than cells currently available on the market. Such new efficiency is achieved by adding new active layers to already existing cell. Preliminary tests showed that after addition of these new layers the efficiency of the solar cell increased by 2 - 2.8 times, with significantly small increases in cost. In lab tests solar cell efficiency went from 12% to nearly 25% after the additional layers were added. CEO Mr. Jack Merck said:” The Company is very excited to see preliminary lab results, future development of this technology may significantly reduce the costs required to increase efficiency of solar cells. Implementation of these modified cells in MPVS may decrease dramatically $/Kwh even in comparison to results already obtained by our system which has an average cost of 2c or less per Kwh Forward Looking StatementsThis press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees as of 1995. Those statements include statements regarding the intent, belief or current expectations of JBI, and members of its management as well as the assumptions on which such statements are based, including the expected timing of the Company’s Form 10-K, execution of the proposed agreements described above and consummation of the transactions contemplated by such agreements. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Such risks include, but are not limited to: (1) JBI has a history of net losses, and may not be profitable in the future; (2) JBI may not be able to obtain necessary licenses, rights and permits required to develop or operate our Plastic2Oil business, and may encounter environmental or occupational, safety and health conditions or requirements that would adversely affect its business; and (3) JBI may experience delays in the commercial operations of its Plastic2Oil machines and there is no assurance that they can be operated profitably. For a more detailed discussion of such risks and other factors, see the Company's amended Annual Report on Form 10-K, filed on December 15, 2010, with the Securities and Exchange Commission, and its other SEC filings. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. Contact Info Website: http://www.suncetix.com/ ... Phone: 647-761-3413 Email: info@suncetix.com
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