Welcome!

News Feed Item

Blue Earth Announces Shareholders Exercise -- $2.7 Million of Class A Warrants and Begins Fulfilling Backlog Orders for UPStealth(TM)

HENDERSON, NV--(Marketwired - June 16, 2014) - Blue Earth, Inc. (OTCQB: BBLU) a renewable energy and energy efficiency services company, announced today that shareholders have exercised approximately 1.1 million Class A warrants at $2.50 per share, during the first fourteen days of the twenty day reduced exercise price period, scheduled to end, on June 20, 2014. On June 21, 2014, the remaining Class A warrants exercise price will return to $3.00 per share and will expire on July 31, 2014. The Company is also pleased to announce that shipment of UPStealth™ units, with improved functionality, has commenced. Backlog orders of over $400,000, exceed first quarter sales by several hundred thousand dollars. The UPStealth™ backlog is expected to be fulfilled, during the last three weeks of this quarter and the first month of the third quarter.

"We are very pleased that our long term shareholders are exercising their Class A warrants, which combined with the pending close of the sale of the Waianae solar project, will provide the Company approximately $5 million dollars, to be used, in part, to continue to advance CHP projects with equity, while debt facilities are finalized," said Dr. Johnny R. Thomas, CEO. Dr. Thomas also noted "We expect our first Company owned CHP plant to commence operation during the third quarter of 2014."

Functionality of our proprietary UPStealth™ intelligent digital battery backup product has been improved, in the second quarter, by increasing the energy efficiency of the battery technology, which provides the end consumer enhanced run-time and performance. Further advanced technology will rollout, this month, through the launch of a new Graphical User Interface ("GUI") for the UPStealth™. 

The GUI, designed and manufactured by the Blue Earth engineering team, provides consumers unprecedented bi-directional control and Real-Time Intelligence ("RTi") of the UPStealth™ when deployed at any given signalized intersection with Ethernet connectivity. The GUI will provide City Agencies the opportunity to dispatch resources more cost effectively and efficiently during a loss of utility power. In addition, the GUI and RTi will provide City Agencies advanced notice of a potential equipment failure based on the change in energy consumption at a given signalized intersection via text messaging and user configurable alarms.

 "The Blue Earth team is excited about the continued momentum in product acceptance and approval by City and State Agencies, along with the customer enthusiasm for the GUI rollout." said Tim Hysell, CEO of Blue Earth Energy Power Solutions, a wholly owned subsidiary of Blue Earth, Inc.

The UPStealth™ was created for signalized intersections when loss of utility power occurs. UPStealth™ can be formed in various configurations that allow the intelligent battery to bend around corners and fit into spaces that cannot be accessed by traditional battery backup systems. Compared to lead-acid batteries, that the UPStealth™ replaces, cost of ownership is less, requires less maintenance, lasts several years longer and Blue Earth EPS offers a finance program, which allows States and municipalities to replace lead-acid battery systems without capital expenditures.

According to industry sources, there are an estimated 313,000 signalized traffic intersections in the US and the market potential is approximately $453 million that does not include other substantial potential vertical markets in traffic, such as, rail road crossings, freeway ramp monitoring, school zone flashers and vehicle messaging signs and other intelligent transportation applications. UPStealth™ is marketed by nine established distributors with a passion for what it offers the end consumers and who understand the deficiencies and performance challenges of lead-acid battery back up systems.

About BBLU

BBLU is engaged in the clean technology industry with a primary focus on the energy efficiency and renewable energy sectors. We strive to participate in the global movement for a sustainable planet by offering products and services that will optimize energy use, reduce harmful environmental emissions and substantially reduce energy costs to our customers. For more information about Blue Earth, Inc., please visit www.blueearthinc.com.

Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this press release are forward-looking statements. These statements relate to future events or to the Company's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking statements contained herein are included in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Investor Relations Contact:

Blue Earth, Inc.
John C. Francis
www.blueearthinc.com
702.263.1808 Ext. 103
[email protected]

Liviakis Financial Communications, Inc.
Michael Bayes
www.liviakis.com
415.389.4670
[email protected]

The Del Mar Consulting Group, LLC 
Robert B. Prag
President
858-361-1786
[email protected] 

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
DXWorldEXPO LLC announced today that All in Mobile, a mobile app development company from Poland, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. All In Mobile is a mobile app development company from Poland. Since 2014, they maintain passion for developing mobile applications for enterprises and startups worldwide.
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
In his keynote at 19th Cloud Expo, Sheng Liang, co-founder and CEO of Rancher Labs, discussed the technological advances and new business opportunities created by the rapid adoption of containers. With the success of Amazon Web Services (AWS) and various open source technologies used to build private clouds, cloud computing has become an essential component of IT strategy. However, users continue to face challenges in implementing clouds, as older technologies evolve and newer ones like Docker c...
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
We all know that end users experience the internet primarily with mobile devices. From an app development perspective, we know that successfully responding to the needs of mobile customers depends on rapid DevOps – failing fast, in short, until the right solution evolves in your customers' relationship to your business. Whether you’re decomposing an SOA monolith, or developing a new application cloud natively, it’s not a question of using microservices - not doing so will be a path to eventual ...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
DXWorldEXPO LLC announced today that ICC-USA, a computer systems integrator and server manufacturing company focused on developing products and product appliances, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City. ICC is a computer systems integrator and server manufacturing company focused on developing products and product appliances to meet a wide range of ...
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...
Sanjeev Sharma Joins November 11-13, 2018 @DevOpsSummit at @CloudEXPO New York Faculty. Sanjeev Sharma is an internationally known DevOps and Cloud Transformation thought leader, technology executive, and author. Sanjeev's industry experience includes tenures as CTO, Technical Sales leader, and Cloud Architect leader. As an IBM Distinguished Engineer, Sanjeev is recognized at the highest levels of IBM's core of technical leaders.
We are seeing a major migration of enterprises applications to the cloud. As cloud and business use of real time applications accelerate, legacy networks are no longer able to architecturally support cloud adoption and deliver the performance and security required by highly distributed enterprises. These outdated solutions have become more costly and complicated to implement, install, manage, and maintain.SD-WAN offers unlimited capabilities for accessing the benefits of the cloud and Internet. ...
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will discuss how customers are able to achieve a level of transparency that e...
As Cybric's Chief Technology Officer, Mike D. Kail is responsible for the strategic vision and technical direction of the platform. Prior to founding Cybric, Mike was Yahoo's CIO and SVP of Infrastructure, where he led the IT and Data Center functions for the company. He has more than 24 years of IT Operations experience with a focus on highly-scalable architectures.
Headquartered in Plainsboro, NJ, Synametrics Technologies has provided IT professionals and computer systems developers since 1997. Based on the success of their initial product offerings (WinSQL and DeltaCopy), the company continues to create and hone innovative products that help its customers get more from their computer applications, databases and infrastructure. To date, over one million users around the world have chosen Synametrics solutions to help power their accelerated business or per...
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
In an era of historic innovation fueled by unprecedented access to data and technology, the low cost and risk of entering new markets has leveled the playing field for business. Today, any ambitious innovator can easily introduce a new application or product that can reinvent business models and transform the client experience. In their Day 2 Keynote at 19th Cloud Expo, Mercer Rowe, IBM Vice President of Strategic Alliances, and Raejeanne Skillern, Intel Vice President of Data Center Group and ...