Blue Sphere Announces the Accomplishment of a Major Milestone in the
Implementation of Its 3.2 MW Waste-to-Energy Project in Rhode Island:
Execution of Purchase Agreement for Suitable Property
EVEN YEHUDA, Israel, April 16, 2013 (GLOBE NEWSWIRE) -- Blue Sphere Corp.
(OTCBB:BLSP) (the "Company" or "Blue Sphere"), a company in the Cleantech
sector as a waste-to-energy and clean energy project integrator, is pleased to
announce that it has signed a purchase agreement for a suitable property for
its 3.2 MW waste-to-energy plant in Rhode Island.
"This represents a major break-through for the Rhode Island project. We are
now able to finalize our other agreements, which were dependent on site
control, for this project and accelerate the final steps to financial
closure.In parallel, we are on track to close our 5.2 MW project in North
Carolina," said Shlomi Palas, CEO of Blue Sphere Corp.
For further information email@example.com.
About Blue Sphere Corp.
Blue Sphere Corp. is a company in the cleantech sector as a waste-to-energy
project Integrator. Blue Sphere develops waste-to-energy and other renewable
energy projects. The Company aspires to become a key player in the global
waste-to-energy and renewable energy markets. For further information please
visit the Company's website www.bluespherecorporate.com
This press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, Section 21E of the Securities
Exchange Act of 1934 and as that term is defined in the Private Litigation
Reform Act of 1995, which are subject to risks and uncertainties and may
change at any time. Among these are: These statements are only predictions and
involve known and unknown risks, uncertainties and other factors including,
without limitation, (i) uncertainties regarding our ability to obtain adequate
financing on a timely basis including financing for specific projects, (ii)
the financial and operating performance of our projects after commissioning,
(iii) uncertainties regarding the market for and value of carbon credits
including carbon credits associated with industrial gases, (iv) political and
governmental risks associated with the countries in which we operate, (v)
unanticipated delays associated with project implementation including
designing, constructing and equipping projects, as well as delays in obtaining
required government permits and approvals, (vi) the development stage of our
business and (vii) our lack of operating history. As such, there is no
assurance that the initiatives described in the press release will be
successfully implemented or meet expectations.
The Company assumes no obligation to update the information in this release.
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