Breaking News Coverage for GEI Global Energy Corp (OTCQB: GEIG) - September 23, 2013

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Company Snapshot
GEI Global Energy Corp

Building 151
Jamaica, NY 11430

http://www.geiinvestor.com

Officers:
Dr. K. Joel Berry
CEO AND CHAIRMAN
Tel: (810) 743-8491

Sector: ENERGY
Ticker Symbol: GEIG
Exchange: OTCQB
Shares Outstanding:
19,450,000

Market Value:
$11.281,000

52 Week Low: $0.08
52 Week High: $1.51

 



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GEI Global Energy Corp Enters LOI to Build the Worlds Largest Fuel Cell Power Plant With an Estimated Gross Dollar Value Estimated at $470 Million in Revenue and $94 Million in Profit
 

LAS VEGAS, NEVADA, Sep 23, 2013 (Marketwired via COMTEX) -- GEI GLOBAL ENERGY CORP (OTCQB: GEIG) September 23, 2013 announced today that the Company has entered into a Letter Of Intent (LOI) with Owl Eco Group, "the developer" to build a 100 Megawatt Power Plant located in Western Pennsylvania, within the massive Marcellus shale natural gas fields. Owl Eco Group would like to generate electrical power using GLOBAL ENERGY CORP'S innovative technology and will include a dedicated natural gas well drilled specifically for GEI. 


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The project will be comprised of 1,000 individual 100 kW natural gas fueled HTPEM fuel cell power systems with a project budget of approximately $470 million dollars with an estimated $94 million in profit to GEI GLOBAL ENERGY CORP.

Ron Monat, Director Of Renewable Energy Group for COMMERCIAL REAL ESTATE SERVICES (CBRE) (NYSE: CBG) has expressed his Company's interest for the project in the form of a Letter Of Intent to Owl Eco Group. The Letter Of Intent to Owl Eco Group states CBRE is interested in providing all of the necessary funding for the project. CBRE is the world's largest commercial real estate services and investment firm. (In terms of 2012 revenue)

CBRE offers project financing via privately-placed bonds with institutional investors to provide a loan or lease structure offering financing at "below market".

Dr. K. Joel Berry, CEO and Chairman of GEI GLOBAL ENERGY CORP stated: "Since our fuel cell technology is scalable and stackable by design it enables us to provide Fuel Cell technology for very large size power plants. We are very enthusiastic about providing our Fuel Cell technology to Owl Eco Group. 100 Mega Watts will certainly mark us as the dominant player in the world to provide Fuel Cell System technology for large scale power plants. A 100 MW power plant would currently be the largest fuel cell power plant in the World."

Dr. K. Joel Berry continued to say: "A power plant of this size will take some time to ramp up and organize. We are optimistic that GEI will start construction for this project by the end of 2014."

GEI can build fuel cells ranging from 2kW-100kW and since the Company has the ability of stacking the fuel cells like building blocks it can build fuel cell power plants that are multi-megawatts in size. The GEI commercial potential is unlimited and will focus much of their attention on the large scale power utilities worldwide as it has the ability to become both a technology game changer and a market leader.

The GEI fuel cell system can operate on a number of fuel sources such as natural gas, methane, propane and bio fuels. Since GEI's fuel cells can leverage the existing logistic fuel infrastructure, the Company is very unique within the Industry. Fuel sources such as natural gas are cheap and abundant worldwide; this will enable GEI to be very competitive. Since the GEI X5 'brand' fuel cell system is scalable and stackable, it enables the Company to become a market leader in every category of the fuel cell industry and has the potential to create entirely new markets and categories.

The GEI fuel cell system provides 24-7 primary power for homes and buildings and is paramount due to very restrictive offerings from other companies with only back-up power (due to fuel restrictions) or power to one singular application (due to technology restrictions). The GEI X5 core strategy is to avoid providing a "niche" technology for a "niche" application, but rather provide a robust and scalable systems technology applicable across multiple platforms that allow high volume cost reductions and savings in design and manufacturing cost. There are currently 3 patents that protect this technology and the Company plans with several more to be filed before the end of 2013.

ABOUT CBRE: CBRE Group, Inc. (NYSE: CBG) is a Fortune 500 and S&P 500 company headquartered in Los Angeles, USA. CBRE is the world's largest commercial real estate services and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. (www.cbre.com)

ABOUT OWL ECO GROUP: Owl Eco Group led by Ronnie Garcia is a private USA based project developer. Owl Eco Group has organized a consortium of companies that are involved in the manufacturing, research & development, and construction of water and alternative energy plants.

ABOUT: GEI GLOBAL ENERGY CORP. and our brand, the GEI X5 Fuel Cell System is a revolutionary and smart, multi-fuel, clean, silent, and affordable fuel cell auxiliary electric power generation system for residential, commercial, military, and industrial electric applications. Our unique scalable modular technology allows power systems from 2 kW to several hundred Megawatts. Our power systems employ a superior technology that conserve earth's natural resources, improve people's quality of life, and assures energy security.

For more information visit our Website: (http://www.geiinvestor.com).

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mining exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Contacts:
GEI GLOBAL ENERGY CORP
Dr. K. Joel Berry
CEO AND CHAIRMAN
(810) 743-8491
www.geiinvestor.com


SOURCE: Global Energy Corp .

Recent News Events for  GEI Global Energy Corp (OTCQB: GEIG)

Suja Minerals Corp. (OTCQB:SJML) Changes Its Corporate Name To GEI Global Energy Corp. (OTCQB:GEIG)

 
Sep 17, 2013 (ACCESSWIRE via COMTEX) -- LAS VEGAS, NEVADA - (Sept 17, 2013) - (ACCESSWIRE) GEI Global Energy Corp (OTC:QB:GEIG) announced today the name change and symbol change to GEIG.
Dr. K. J. Berry, Chairman and CEO, stated: "We believe this name and symbol change will better reflect our Company to the global investing community."

GEI Global Energy Corp., in cooperation with governments and industry around the world, will provide GEI's unique technology for scalable, green fuel cell power plants. A multi-trillion dollar market is available and GEI intends to be a world leader in providing clean, inexpensive energy. GEI's commercial potential is essentially unlimited. By becoming public and raising the necessary capital, GEI will be able to aggressively expand into the worldwide market for clean and inexpensive energy http://www.geiglobal.com/).

The GEI X5 is different; it is a "hybrid" fuel cell power system that incorporates a high temperature PEM (Polymer Exchange Membrane) fuel cell and a high-density energy storage system. Because batteries and ultra-caps are excellent at satisfying high instant power demands, as such GEI fuel cell power systems can be sized to meet nominal power requirements and can be integrated with solar and wind projects to achieve maximum efficiency.

Fuel cells are a highly efficient, combustion-less, reliable, and virtually pollution-free energy source that provide electricity to power a wide array of applications, including buildings (manufacturing facilities, hotels and hospitals), primary power for grid integration, automobiles, emergency back-up systems, and base load grid power. A fuel cell uses fuel - usually hydrogen extracted from common fuels such as natural gas, and oxygen - to produce electricity. In principle, a fuel cell is an electrochemical device that operates like a battery. However, unlike a battery, a fuel cell requires re-fueling and not recharging. Fuel cells will continue to produce electricity and heat as long as there is a constant fuel source. Hydrogen fuel cells work simply, have no moving parts, and operate silently, with water and excess heat as their only by-products. Fuel cells thus provide the ideal solution for a myriad of portable, on-board and stationary electric power generation applications.

The GEI fuel cell systems can operate on a number of fuel sources such as natural gas, ethanol, propane and bio fuels. Since GEI's fuel cells can leverage the existing logistic fuel infrastructure makes the Company very unique in the Industry. Fuel sources such as natural gas are cheap and abundant worldwide; this will enable GEI to be very competitive. Since the GEI X5 'brand' fuel cell system is scalable and stackable, it enables the Company to become a market leader in every category of the fuel cell Industry and has the potential to create new categories. GEI can build fuel cells ranging from 2KW - 100KW and since the Company has the ability of stacking the fuel cells like building blocks it can build fuel cell power plants that are multi-megawatts in size. The GEI commercial potential is unlimited and will focus much of their attention on the large scale power utilities worldwide as it has the ability to become both a technology game changer and a market leader.

The GEI fuel cell system provides 24-7 primary power for homes and buildings and is paramount due to very restrictive offerings from other companies with only back-up power (due to fuel restrictions) or power to one singular application (due to technology restrictions). The GEI X5 core strategy is to avoid providing a "niche" technology for a "niche" application, but rather provide a robust and scalable systems technology applicable across multiple platforms that allow high volume cost reductions and savings in design and manufacturing cost. There are currently 3 patents that protect this technology and the Company plans with several more to be filed before the end of 2013. .

 

Suja Minerals Board of Directors Elects Dr. Joel Berry as Chairman of the Board of Directors

 
Aug 28, 2013 (ACCESSWIRE via COMTEX) -- SUJA MINERALS, CORP. (OTC:QB SJML) (IHNW via ACCESSWIRE) August 28, 2013 announced today that the Board of Directors elected Dr. K. Joel Berry to the additional position of Chairman of the Board of Directors. In addition on August 21, 2013 the Board elected Dr. Berry to the position of Chief Executive Officer (CEO). Dr. Berry is now Chairman, CEO and a Director of the Company.

Additionally the Board of Directors and a majority of the Company's shareholders approved an amendment to the Company's Articles of Incorporation to change the corporate name of the Company to "GEI Global Energy Corp." Following the filing of the Certificate of Amendment with the Nevada Secretary of State, the Company will apply to FINRA for approval of the name change and a new ticker symbol, to become effective upon receipt of FINRA approval.

Dr K. Joel Berry CEO of GEI Global Energy stated "Based on ever increasing interest on a worldwide basis, we are looking forward to getting right to work to meet what is sure to be a very high demand for our fuel flexible Hybrid Fuel Cell Power Systems."

Fuel cells are a highly efficient, combustion-less, reliable, and virtually pollution-free energy source that provide electricity to power a wide array of applications, including buildings (manufacturing facilities, hotels and hospitals), primary power for grid integration, automobiles, emergency back-up systems, and base load grid power. A fuel cell uses fuel — usually hydrogen extracted from common fuels such as natural gas, and oxygen — to produce electricity. In principle, a fuel cell is an electrochemical device that operates like a battery. However, unlike a battery, a fuel cell requires re-fueling and not recharging. Fuel cells will continue to produce electricity and heat as long as there is a constant fuel source. Hydrogen fuel cells work simply, have no moving parts, and operate silently, with water and excess heat as their only by-products. Fuel cells thus provide the ideal solution for a myriad of portable, on-board and stationary electric power generation applications.

The GEI fuel cell systems can operate on a number of fuel sources such as natural gas, ethanol, propane and bio fuels. Since GEI's fuel cells can leverage the existing logistic fuel infrastructure makes the Company very unique in the Industry. Fuel sources such as natural gas are cheap and abundant worldwide; this will enable GEI to be very competitive. Since the GEI X5 'brand' fuel cell system is scalable and stackable, it enables the Company to become a market leader in every category of the fuel cell Industry and has the potential to create new categories. GEI can build fuel cells ranging from 2KW - 100KW and since the Company has the ability of stacking the fuel cells like building blocks it can build fuel cell power plants that are multi-megawatts in size. The GEI commercial potential is unlimited and will focus much of their attention on the large scale power utilities worldwide as it has the ability to become both a technology game changer and a market leader.

The GEI fuel cell system provides 24-7 primary power for homes and buildings and is paramount due to very restrictive offerings from other companies with only back-up power (due to fuel restrictions) or power to one singular application (due to technology restrictions). The GEI X5 core strategy is to avoid providing a "niche" technology for a "niche" application, but rather provide a robust and scalable systems technology applicable across multiple platforms that allow high volume cost reductions and savings in design and manufacturing cost. There are currently 3 patents that protect this technology and the Company plans with several more to be filed before the end of 2013. 

 

Suja Minerals To Acquire Global Energy Innovations Inc.
 

 
Las Vegas, NV, Jul 25, 2013 (WORLD STOCK WIRE via COMTEX) -- SUJA MINERALS CORP (OTCQB: SJML) announced today the execution of a Memorandum of Understanding (MOA) with GLOBAL ENERGY INNOVATIONS, INC. (GEI) and their fuel cell systems technology. The terms of the MOA state that the parties will execute a definitive agreement on or before July 31, 2013.
GLOBAL ENERGY INNOVATIONS INC., in cooperation with governments and industry around the world, will provide GEI's unique technology for scalable, green fuel cell power plants. A multi-trillion dollar market is available and GEI intends to be a world leader in providing clean, inexpensive energy. GEI's commercial potential is essentially unlimited. By becoming public and raising the necessary capital, GEI will be able to aggressively expand into the worldwide market for clean and inexpensive energy (www.geiglobal.com).

The GEI X5 is different; it is a "hybrid" fuel cell power system that incorporates a high temperature PEM (Polymer Exchange Membrane) fuel cell and a high-density energy storage system. Because batteries and ultra-caps are excellent at satisfying high instant power demands, as such GEI fuel cell power systems can be sized to meet nominal power requirements and can be integrated with solar and wind projects to achieve maximum efficiency.

Matt Reams, President and CEO of SUJA MINERALS CORP, stated, "The GEI commercial potential is unlimited and will focus much of their attention on the large scale power utilities worldwide as it has the ability to become both a technology game changer and a market leader."

Fuel cells are a highly efficient, combustion-less, reliable, and virtually pollution-free energy source that provide electricity to power a wide array of applications, including buildings (manufacturing facilities, hotels and hospitals), primary power for grid integration, automobiles, emergency back-up systems, and base load grid power. A fuel cell uses fuel - usually hydrogen, extracted from common fuels such as natural gas, and oxygen - to produce electricity. In principle, a fuel cell is an electrochemical device that operates like a battery. However, unlike a battery, a fuel cell requires re-fueling and not recharging. Fuel cells will continue to produce electricity and heat as long as there is a constant fuel source. Hydrogen fuel cells work simply, have no moving parts, and operate silently, with water and excess heat as their only by-products. Fuel cells thus provide the ideal solution for a myriad of portable, on-board and stationary electric power generation applications.

Matt Reams, President and CEO of SUJA MINERALS CORP, stated, "Due to the ongoing difficulty with trying to secure the necessary capital for junior exploration in North America the Company has decided to proceed in a new business direction. I am extremely excited and impressed with the novel GEI technology and the real potential to finally meet the ever-expanding global need for clean and sustainable energy with near zero emissions.

"We believe that Dr. K. J. Berry, P.E. and the GLOBAL ENERGY INNOVATION team have developed a very exciting fuel cell technology, which is further combined with a superior business strategy and global vision that will accelerate commercialization of this technology worldwide to support and resolve the future demand and power limitations the world is currently experiencing. As such we will change our name from SUJA MINERALS CORP to GEI GLOBAL ENERGY CORP., to leverage this multi-trillion dollar global energy opportunity." Dr. K. J. Berry will continue to provide high-impact leadership as Chairman, CEO, and President of GEI Global Energy Corp.

Dr. Berry, honored as Flint, Michigan's fuel cell father(1), has been Professor of Mechanical Engineering for over 26 years at Kettering University, and served as the former Head of Mechanical Engineering for 17 years. With over 1200 students mechanical engineering is ranked as one of the largest undergraduate programs in the country, and has been constantly ranked in the top 5 by U.S. News and World Report.

Dr. Berry, honored as an ASME (American Society of Mechanical Engineers) Fellow, also spearheaded, conceived, and raised over $10 million in funding for Kettering's Center for Fuel Cell Systems Engineering's (www.kufuelcellcenter.info) research initiatives. Recognizing the lack of an infrastructure for the storage and distribution of hydrogen as a "fuel," as required for traditional fuel cells, as being a major barrier to global fuel cell commercialization, Dr. Berry's vision was a more robust fuel cell power plant system to leverage the existing global logistic fuel infrastructure such as abundant and inexpensive natural gas. The result being the GEI X5 as a novel and revolutionary hybrid fuel cell power systems architecture.

Berry says, "Our vision is to be the world leader for innovation in fuel cell systems engineering, and for developing products and strategies that improve the social and economic quality of life for millions." We believe this vision is achievable due to our "Blue Ocean" strategy supporting common fuel cell power systems that are scalable, customer-centric and applicable across multiple industry sectors.

The GEI fuel cell systems can operate on a number of fuel sources such as natural gas, ethanol, propane and biofuels. Since GEI's fuel cells can leverage the existing logistic fuel infrastructure, this makes the Company very unique in the industry. Fuel sources such as natural gas are cheap and abundant worldwide; this will enable GEI to be very competitive. Since the GEI X5 "brand" fuel cell system is scalable and stackable, it enables the Company to become a market leader in every category of the fuel cell Industry and has the potential to create new categories. GEI can build fuel cells ranging from 2 kW - 100 kW and since the Company has the ability of stacking the fuel cells like building blocks it can build fuel cell power plants that are multi-megawatt in size. The GEI commercial potential is unlimited and will focus much of their attention on the large scale power utilities worldwide as it has the ability to become both a technology game changer and a market leader.

The GEI fuel cell system provides 24-7 primary power for homes and buildings and is paramount due to very restrictive offerings from other companies with only back-up power (due to fuel restrictions) or power to one singular application (due to technology restrictions). The GEI X5 core strategy is to avoid providing a "niche" technology for a "niche" application, but rather provide a robust and scalable systems technology applicable across multiple platforms that allow high volume cost reductions and savings in design and manufacturing cost. There are currently 3 patents that protect this technology and the Company plans for several more to be filed before the end of 2013.

ABOUT GEI: GLOBAL ENERGY INNOVATIONS INC. was founded in 2007 and is part of the fuel cell and sustainable/alternative energy industry. Global Energy spent the last 7 years testing the product and has had running prototypes with all data for over 3 years. (www.geiglobal.com)

There also exists the option to integrate the GEI X5 "hybrid" fuel cell power systems technology with an auxiliary solar/wind grid. In this operational mode, the GEI fuel cell system is designed to integrate seamlessly with other alternative energy systems such as solar and wind and would reduce the use of natural gas and concurrently allows the solar array to provide steady continuous power, depending upon environmental conditions and the size of the solar grid. This is known as solar balancing. The combined solar/fuel cell system would operate 24-7 and represents the optimum in power generation efficiency for both solar and fuel cell systems. As such, solar companies have expressed interest in exclusive global license opportunities.

Dr. Berry continued to say, "In July of 2013 we secured a manufacturing facility in Flint, Michigan, USA. We intend on ramping up production so we can start to ship product before the end of 2013. We are in the process of a manufacturing roll out process, which will include ordering and assembling necessary equipment to deliver the GEI X5 fuel cell power system by the end of the year.

"Our new company, GEI GLOBAL ENERGY CORP., and our brand, the GEI X5, represent a revolutionary and smart, multi-fuel, clean, silent, and affordable fuel cell auxiliary electric power generation system for residential, commercial, military, and industrial electric applications. Our unique scalable modular technology allows power systems from a few kW to several hundred MW. Our power systems employ a superior technology that conserves Earth's natural resources, improves people's quality of life, and assures energy security." (www.geiglobal.com)

ABOUT SUJA MINERALS CORP: SUJA MINERALS CORP (SJML), an exploration stage company, focuses on acquiring and exploring mineral properties. The company intends to explore for dolomite and limestone. It owns an option to acquire a 100% interest in the Crawford Creek property consisting of 1 mineral claim with an area of approximately 460 acres (208.93 hectares) located in southwestern British Columbia, Canada. The company was founded in 2010 and is based in Las Vegas, Nevada. 
 

About GEI Global Energy Corp (OTCQB: GEIG)

GEI PASSION

Fuel cell technology has a potential for rural electrification both in the U.S. and for developing countries. This technology would allow the use of renewable energy around the clock regardless of location. The opportunity exists to electrify 2.1 billion people without electricity. For example, providing electricity at the village level can result in vaccinations, refrigeration, water pumps for fresh well water, internet connections, cellular phone towers, and with computers available for a few hundred dollars could link children from around the globe. Village farmers could study on-line for better irrigation methods, understand weather patterns and communicate with experts world-wide regarding numerous local social, economic, and agricultural issues.

GEI will seek to provide fuel cell energy solutions for developing countries that leverage renewable energy sources such as wind, solar, and bio fuels. Through utilizing renewable energy sources, fuel cells can become an economical source of power, heat, and water and can contribute rapidly toward the improvement of economic, health, agricultural, and social conditions for the 60% of the world’s population without affordable and plentiful power.

GEI believes its distinctive characteristics will be:

A passion and commitment to developing innovative global energy solutions that enrich the quality of life and conserves earth’s natural resources.
A passion and commitment to providing high quality customer service and superior engineering technology.
A passion and commitment to developing environmental friendly solutions that ensures energy security for future generations.

GEI VISION

Our vision is that GEI will become the largest fuel cell auxiliary power provider worldwide with annual gross revenues of $50 million in five (5) years. We believe this vision is achievable due to our “Blue Ocean” strategy supporting common fuel cell power systems that are customer centric and applicable across multiple industry sectors. Our targets are ten times the combined total U.S. APU market today and will drive the entire fuel cell component supply chain worldwide. Additionally, the high volume manufacturing will provide much needed high-tech jobs for mid-Michigan, improve the overall quality of life, and establish the first high volume fuel cell systems manufacturer in Michigan. As we go to market, we will utilize strategic partnerships to deliver our customers with a complete end-to-end solution to address all of their unique power requirements.

We intend that GEI be known as a leader for innovation in fuel cell systems engineering and for developing products and strategies that both improve the social and economic quality of life for millions and help to accelerate the commercialization of the hydrogen and fuel cell economy world-wide.
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