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WILMINGTON, Del., Nov. 14 /PRNewswire-FirstCall/ -- Universal Capital Management, Inc., a publicly traded venture capital company that provides emerging growth companies with management and strategic resources for successful growth, is pleased to report on the progress of Creative Energy Solutions, Inc., one of its portfolio companies.
Creative Energy Solutions, Inc. ("CES"), a private company, formed to alleviate the national electrical grid congestion through alternative energy technologies, announced that is has completed multiple government small business contracts concerning fuel cell technology and alternative distribution systems. Additionally, CES has been pivotal in forming "teams" for large business alternative energy contracts. Because of this strategy, CES is now in the running for several multi-million dollar contracts surrounding fuel cells and advanced battery technologies. CES' president, Mr. Tom Fikse, stated, "We are excited about the expansion of opportunities through CES' military and government contacts. These political contracts will be crucial in evaluating the various new technologies to determine their commercial viability. CES will continue to bridge the military and commercial markets in the alternative energy arena."
About Creative Energy Solutions, Incorporated
Creative Energy Solutions, Inc. (CES) was founded in 2005 to utilize alternative energy technologies to alleviate the national electrical grid congestion. CES has focused on a systems solution to create a disturbed power generation infrastructure allowing every household the opportunity to be a part of the solution to grid congestion while reducing costs for both consumer and producer. With the insertion of a variety of modular alternative energy products, the average household can not only reduce energy costs, but assure itself backup power in the event of an interruption of electrical service. CES is particularly interested in advanced battery technologies and fuel cell as an efficient way of leveling load at the same time as providing the end user with power backup. CES is well versed with military and commercial electrical power applications, enabling it to easily provide the bridge between those two markets.
UCM VP and CFO, Joe Drennan, said, "We are very pleased with the progress being made by Creative Energy Solutions. The company is establishing an excellent reputation with the U.S. Military which should, in the long run, benefit the company both in its fundraising and joint product development efforts."
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