Operitel Investments Announces new Equity Position in Sunbank Power
Peterborough, ON.: January 25th, 2010 - Operitel Corporation is pleased to announce that it has taken an equity position in Sunbank Power, a company launched specifically to help property owners navigate the complexities of the solar energy market in Ontario.
Under the rules of the recently launched Ontario Power Authority’s Feed in Tariff (FIT) program, property owners in Ontario are in a position to reap significant profits by installing solar systems on their land or buildings and selling the electricity generated back to “the grid” under generous 20-year contracts.
Sunbank Power CEO, Anthony Medakovic states, “It is very exciting to have the backing of a Profit 100 ranked company like Operitel behind us. The credibility they bring as technologists and entrepreneurs will help to take us to the next level.”
Michael Skinner, Operitel Corporation CEO adds, “Operitel is very pleased to be able to leverage our success in the Enterprise Technology arena into something that is both profitable and meaningful. We look forward to knowing that we are contributing to the creation of green energy in Ontario and plan to have our own solar installation in Peterborough underway within a few months. We are also very excited by the revenue potential for this market, knowing that Sunbank Customers will be able to earn a 12% or greater return on their solar investment for the next 20 years.”
Operitel Corporation, producer and distributor of the award winning LearnFlex Learning Management System, is an educational technology company that specializes in building adaptive web-based enterprise-level applications. Since 2001, Operitel personnel have built and deployed applications for many clients in the high tech, financial, educational, and transportation sectors. Operitel is committed to supporting organizations in the acquisition, creation, and transfer of information and knowledge - the essential ingredients for success in a rapidly changing global economy. Operitel’s International head office is located in Peterborough, Ontario, Canada and its emerging business development team in Hamilton, Ontario, Canada and has regional sales and administration offices in Säo Paulo, Brazil, Sydney Australia and Beijing, China. For more information on Operitel, please go to http://www.operitel.com. For more information on the LearnFlex learning management system, please go to http://www.learnflex.com.
About Sunbank Power
Sunbank Power is a Richmond Hill based corporation serving the Ontario market, with a focus on commercial and agricultural property owners. Sunbank provides property owners with a turnkey approach for using solar power as an ethical, low risk and high return investment platform. One of Sunbanks major competitive differences is it uses Micro Inverter Technology which has significant advantages over a Central Inverter system. Sunbank is also the authorized reseller for Ottawa based Power 1 Solar. For more information on Sunbank Power, please visit http://www.sunbankpower.com
For more information, please contact:
Dan Medakovic, Vice President Sunbank Power
- Contact Information
- Dan Medakovic
- Vice President, Sunbank Power
- Operitel Investments
- Contact via E-mail
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