29.5.2007: Meldung: Sustainable Energy Technologies Ltd.: Grant of Options
Friday May 25, 4:47 pm ET
CALGARY, ALBERTA-- - Sustainable Energy Technologies Ltd. announced today the grant of 1,400,000 stock options of the Company with an exercise price of $0.22 per share. The options, which were issued to four outside directors (600,000), the Managing Director of European operations (600,000), and a consultant in Spain (200,000), vest as to 1/6 every 6 months for the first three year period and are exercisable for a period of 5 years.
About Sustainable Energy
Based in Calgary Alberta, Sustainable Energy (www.sustainableenergy.com) develops, manufactures and markets advanced power inverters for the renewable energy industry. Power inverters are strategic to the integration of new renewable energy technologies - solar and wind power, fuel cells, and energy storage systems - into the high quality power demands of the modern electrical grid.
Certain statements contained in this press release may be considered as forward-looking. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from estimated or implied results.
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Sustainable Energy Technologies Ltd.
President and CEO
(403) 508-7177 #111
Source: Sustainable Energy Technologies Ltd.