MJP International Ltd (OTC Pink: MJPI) is engaged in renewable energy, green energy products, and services. Shares of the green energy company are soaring 83.75%, during afternoon trading on Tuesday, December 6, 2016. Over the past month, MJP International Ltd (OTC Pink: MJPI) has seen average daily volume of 5,483 shares. However, nearly 676,130 shares or dollar volume of $507,097, has already exchanged hands through afternoon trading on Tuesday.
MJP International Ltd (OTC Pink: MJPI) is soaring on Tuesday, after the company announced it has acquired 80% of Human Energy Alliance Laboratories Corp, through its subsidiary Energy Alliance Labs, Inc. The company being acquired specializes in green energy solutions, which it sells and markets online. Among the green energy solutions, Energy Alliance Labs, Inc. supplies wind and solar installations to enterprise and residential customers. Here is the full press release detailing of the acquisition:
MJP International Ltd (OTC Pink: MJPI)
MOSCOW, Idaho, Dec. 6, 2016 /PRNewswire/ — MJP International Ltd (OTCPK: MJPI) today announced that it has completed the acquisition of 80% of the issued shares of Human Energy Alliance Laboratories Corp (“HEAL”) through its wholly owned subsidiary Energy Alliance Labs Inc. and has appointed Mr. Liao Zu Guo as Chief Executive Officer and Chief Financial Officer.
HEAL offers a wide array of green energy solutions it markets and sells online. Among them are state of the art wind and solar installations for both commercial and residential customers.
“We are very pleased with this acquisition which we will use as a stepping stone into the green energy market which is growing at the most rapid pace ever. In particular, domestic demand for solar panels has been very strong,” cited Christopher Hudson, COO of MJP International.
About the Solar Energy Market
According to the Solar Energy Industries Association (SEIA), in the last decade, solar has experienced a compound annual growth rate of nearly 60% and over 200,000 Americans work in the sector. More than 400,000 American workers are expected to serve the sector by 2020.
Furthermore, the cost to install solar has dropped by more than 70% over the last 10 years, leading the industry to expand into new markets and deploy thousands of systems nationwide.
The US solar industry expects to install14.5 gigawatts of solar power in 2016, a 94% increase over the record 7.5 gigawatts last year, according to a new market report by GTM Research and the Solar Energy Industries Association. Revenues from solar installations also increased 21% from 2014 to more than $22bn in 2015.
For the first time, more solar systems came online than natural gaspower plants – the top source of electricity in the US – in 2015, as measured in megawatts, said Justin Baca, vice president of markets and research at the Solar Energy Industries Association. This year, new solar is expected to surpass installations of all other sources, said the US Energy Information Administration.
About MJP International Ltd
MJP International is a company that specializes in green energy products and services, including rapidly advancing green technologies such as solar and wind installations. The company is built on the fundamental belief that Green technology is the way to a clean, profitable and energy-rich future. MJP International continually pushes the envelope to find ways for clients to use green technologies in a cost-efficient and user friendly way, firmly believing that renewable and clean energy sources will continue to come to the forefront as viable and economical alternatives to fossil fuel. Investors can visit the company’s website at http://www.mjpinternational.com.