2013-07-17
ForceField Energy Inc., an international manufacturer and distributor of energy products and solutions, yesterday announced that it signed a Letter of Intent (LOI) with Empresa de Servicios Públicos de Heredia (ESPH), a utility company based in Heredia, Costa Rica, for the installation of 19,000 of its LED streetlights to replace existing lighting in ESPH's territory. The project is estimated to generate more than $21 million in revenue for ForceField over the ten-year term of the agreement based upon a shared savings model.
Under the terms of the...
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