Joint Technology Development Agreement With NASA

St. Lawrence Energy, a reusable energy company, announced today that it has entered into a joint solar energy technology development agreement with NASA (National Aeronautics and Space Administration). Through the agreement, both St. Lawrence and NASA will jointly cooperate in developing the next generation, more efficient, solar energy technologies.

St. Lawrence has engaged 3Soft, Inc. of South Korea in partnership for product adaptation and marketing to major markets in Asia. 3Soft’s capability in manufacturing and implementation will allow St. Lawrence to leverage off 3Soft successes with its manufacturing sophistication. 3Soft is expected to continue with its participation in St. Lawrence’s solar venture and to shorten time to market.

St. Lawrence intends in conjunction with NASA’s research efforts, to take advantage of developing competitive solar technologies, and of the solar market growth of 48% annually through 2013, reaching 23 GW (GigaWatts), from 4.9 GW in 2008. The solar market is expected to reach $100.4 billion in 2013, up from $33.4 billion in 2008.