Enron North America has entered into a strategic partnershipwith Solo Energy Corp., a developer of wireless energy microturbineproducts for distributed electricity supply, involving cashinvestment, marketing and competitive fuel pricing.

Under the agreement, Enron will assist Solo in securing energysupplier contracts, and support market and gas technology researchin exchange for warrants to purchase Solo Energy preferred stock.An Enron subsidiary made an investment in Solo in August 2000 thatwill be used for research and development and general operations,the company said.

Solo expects to begin commercial testing of its products atcustomer and partner locations in 2001, and will then market energyservice contracts based on its Wireless Energy technology tocommercial and small industrial companies.

“Commercial industries, in particular grocery stores, luxuryhotels and large retailers, are poised to reap substantial benefitsfrom the deregulation in the domestic retail energy market,” saidMartin Lagod, CEO of Solo Energy. “The cash infusion and thestrategic partnership with Enron will enable Solo Energy to make astrong entry into this market sector when we complete testing ofthe Wireless Energy microturbine and related Internet-based controlproducts in 2001.”

The company said its Wireless Energy microturbine is an on-siteenergy technology that uses natural gas and other fuels to delivercustomized energy solutions. Alex Steis

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