Korsair Holdings AG

DGAP-News: Korsair Holdings AG: Korsair Holdings AG Enters Into Exclusive Representative Agreement with Synchrotech Solutions Ltd

DGAP-News: Korsair Holdings AG / Key word(s): Agreement
Korsair Holdings AG: Korsair Holdings AG Enters Into Exclusive
Representative Agreement with Synchrotech Solutions Ltd

07.04.2014 / 10:00


Berlin, Germany - April 07, 2014, Korsair Holdings AG (NOM.BE), announces
that it has entered into an exclusive representative and strategic
cooperation agreement with Synchrotech Solutions Ltd, ("Synchrotech"), a
Nicosia Cyprus based company that is focused on green energy projects in

According to Boris Rubizhevsky, Korsair Holdings AG Chief Executive
Officer, "We are pleased to be working with Synchrotech a firm established
in 2004 with broad level of experience in Cyprus as well operations in
Greece, the Balkans, Mediterranean and Russia. Our agreement calls for
cooperation in the clean energy field, where Synchrotech offers in-country
expertise from project licensing to installation, operation and
maintenance. We look forward working with Synchrotech team bringing
innovative green energy products and technologies to Cypriot marketplace."

Haris Christou President of Synchrotech Solutions Ltd commented
"Synchrotech experience and involvement with the identification of trends
and dynamics of the marketplace for clean energy products and technologies
provide important base for our clients and partners in pursuing
opportunities In Cyprus as well as other markets where we have been
successful over the past 10 years. Synchrotech has necessary expertise and
resources to provide meaningful contributions on topics such as:

  - Market studies

  - Investment evaluation

  - Technology assessment

  - Organization of legal business structures

  - Risk analysis

  - Addressing regulatory requirements

  - Training and operations

Furthermore, we are very pleased that Korsair chose Synchrotech and are
looking forward to mutually beneficial relationship."

About Synchrotech Solutions Ltd
Synchrotech Solutions Ltd is headquartered in Nicosia, Cyprus, with
interests in Mediterranean, Balkans and Russia. The Company is focused on
solar and wind energy projects as well energy storage technologies.
Synchrotech will initially promote Korsair's solar and wind energy
generating systems to local government agencies and municipalities.

About Korsair Holdings AG
Korsair Holdings AG is a technology holding company with a focus on
environmental and technical infrastructure projects related to renewable
energy and clean technologies. By combining environmental innovations with
creative management and proven industrial leadership, Korsair Holdings AG
strives to stay in the forefront of the CleanTech business.

Poststrasse 10
6060 Sarnen, Switzerland


Disclaimer; Forward-Looking Statements:
This or any other statement from KORSAIR HOLDINGS AG contains
forward-looking statements that are based on assumptions and estimations of
KORSAIR HOLDINGS AG. Words such as "estimate," "expect", "plan," "project"
and "will" and similar expressions identify such forward-looking
statements. The actual results may differ substantially from such
assumptions and estimations caused by various factors. These
forward-looking statements speak only as of their dates and have been
reasonable at that time. KORSAIR HOLDINGS AG undertakes no obligation to
publicly update or revise any forward-looking statements. This or any other
statement from KORSAIR HOLDINGS AG does not constitute an offer or a
solicitation of an offer for the purchase or sale or subscription of any
securities of KORSAIR HOLDINGS AG in Germany, Switzerland or any other
country. This statement constitutes pure information about the company.
Each and any investment into securities, particularly into shares of young
companies like KORSAIR HOLDINGS AG, bears high risks including a total loss
of the invested amount. Potential investors generally should consult a
qualified advisor before taking any investment decision at all.

End of Corporate News


07.04.2014 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


261800 07.04.2014

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