The Company said that the agreement will allow its Transient Voltage Surge Suppressors (TVSS) to be sold to a significant number of existing and new sectors in the telecommunications and security markets which have grown rapidly in recent years as a result of Homeland Security demands.
Ben Croxton, CEO of World Energy Solutions, commented, "Circa Telecom is a leading manufacturer of telecommunications and security equipment and we are extremely pleased to have this agreement with such a high-profile company. We believe this agreement will allow both World Energy and Circa Telecom to develop a significant share of the TVSS market in both the telecommunications and security sectors."
A TVSS protects sensitive electronic equipment from power surges. The cost of permanently damaged electrical and hi-tech equipment caused by power surges is estimated to be in excess of $26 billion per year. The company said the overall market for surge suppression is growing and is now projected to be over one billion dollars a year.
"Telecommunications equipment and building security installations have enjoyed a higher priority as the requirement for protection from power surges has become more important, and we believe the growth trend will continue," noted Croxton.
Circa Telecom's Director of Sales & Marketing, Benjamin Biggs, stated, "The addition of a new, well-designed range of TVSS will enable Circa Telecom to provide a complete service to our customers. The agreement will enable both companies to service the telecommunications and security sectors more effectively with an enhanced range of products. This is an exciting extension of our product range and we are confident of making a major impact in the market."
About World Energy Solutions
World Energy Solutions, Inc. (OTC BB: WEGY - News) is an Energy Services Company and electronics manufacturer. WES's primary business focus is the development of technology for lowering electrical, gas and water usage for commercial, government and residential facilities. As a pioneer in the manufacturing of the finest TVSS systems available in the market today, WES uses cutting edge technologies and unsurpassed design standards to provide its customers with full lifetime warranties on its products. For more information about WES please visit its website at www.weslabs.com.
About Circa Telecom USA, Inc.
Circa Telecom, based in Tampa since 1990, is a subsidiary of Circa Enterprises, Inc., a specialty manufacturer focused on surge protection and related equipment primarily for the telecommunications industry headquartered in Calgary, Alberta, Canada. Circa Enterprises is listed on the Toronto Stock Exchange, symbol CTO. Circa Telecom provides sales and service support to the U.S. marketplace through its data communications distributor network. For more information about Circa Telecom please visit www.circatelecom.com.
Forward-Looking Statements
Certain matters discussed in this press release are "forward-looking statements." These forward-looking statements can generally be identified as such because the context of the statement will include words such as "expects," "should," "believes," "anticipates" or words of similar import. Similarly, statements that describe World Energy Solutions' future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties, including the financial performance of World Energy Solutions, which could cause actual results to differ materially from those currently anticipated. Although World Energy Solutions believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, they cannot give any assurance that their expectations will be attained. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating any forward-looking statements. Certain factors could cause results and conditions to differ materially from those projected in these forward-looking statements, and some of these factors are discussed below. These factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. These forward-looking statements are only made as of the date of this press release and World Energy Solutions does not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
