- About Us
- Career Center
- Nano-Social Network
- Nano Consulting
- My Account
MSGI Security Solutions Inc. (OTCBB: MSGI) today reported that the Company has formed its second subsidiary for NASA based technology.
Andromeda Energy Inc. is a California based nanotechnology company focused on scalable alternative energy solutions that operate more efficiently, and therefore yield significantly lower electricity cost per watt than conventional energy sources.
The Company is in receipt of several expressions of interest for partnerships in the planned deployment of this new technology from major corporations located in the People's Republic of China. MSGI has also been asked to consider a dual listing on the Hong Kong Stock Exchange.
Jeremy Barbera, Chairman and CEO of MSGI commented; "Andromeda Energy is our "beta" subsidiary - the second of several majority owned subsidiaries, each of which will hold the rights to a specific technology and also serve as the vehicle for investment capital. MSGI will issue a press release next month to elaborate on this second breakthrough in technology that is nearing prototype stage. This new invention will be launched early next year in the renewable energy industry."
About MSGI Security Solutions Inc.
MSGI Security Solutions, Inc. is a leading international provider of proprietary solutions to commercial and government organizations. MSGI is developing a combination of innovative emerging businesses that leverage information and technology. The Company is headquartered in New York City where it serves the needs of counter-terrorism, public safety, and law enforcement. More information on MSGI is available on the company's website at www.msgisecurity.com. MSGI is a significant stakeholder in Current Technology Corporation.
The information contained in this news release, other than historical information, consists of forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors, including general economic conditions, spending levels and other factors could cause actual results to differ materially from the Company's expectations.
For more information, please click here
Jeremy Barbera, 516-524-2190
Copyright © Business Wire 2009If you have a comment, please Contact us.
Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.
|Related News Press|
News and information
Attosecond physics: Mapping electromagnetic waveforms July 25th, 2016
Accurate design of large icosahedral protein nanocages pushes bioengineering boundaries: Scientists used computational methods to build ten large, two-component, co-assembling icosahedral protein complexes the size of small virus coats July 25th, 2016
The future of perovskite solar cells has just got brighter -- come rain or shine: Korean researchers at POSTECH have succeeded in developing high-efficiency perovskite solar cells that retain excellent performance over two months in a very humid condition July 21st, 2016
FEI and King Abdullah University of Science and Technology Establish New Electron Microscopy ‘Centre of Excellence’: Centre of Excellence involves materials and life sciences research and technical collaboration July 5th, 2016