We believe that the PowerStation project offers the opportunity not only to make money, but also help in the progressive development of the East Africa Community by implementing a new untapped source of electricity and provide quality jobs to the people of the region.
We are planning to establish the first assembly plant/dealer training center in Northern Uganda to service the needs for electricity in the emerging East Africa Common Market and surrounding countries. I hope you will join with me in this effort.
I came to Uganda 4 years ago from the US to do a volunteer stint in a computer literacy project after 40 years of being an entrepreneur on the “leading edge” in the computer field. I decided to stay after the project ended as I was basically retired and I believe Africa is the new frontier. I did some business consulting before coming up with the PowerStation concept.
The one thing I didn’t like was the inconsistency of electricity, even here in the capital, Kampala. It seemed every time I would get on the computer to do a project the power would go off. With a Dutch friend, after much trial and error, we came up with a unique solution we call the AAES PowerStation. Basically it uses a car’s electricity generating capability to generate and store electricity for later use in the home office or business. As we like to say, drive an hour a day and have power all night. We believe it is the lowest cost alternative energy solution for someone who owns and drives a car.
Over the last 4 years we have installed and tested the PowerStation in large and small cars with the same success. It works great. Not liking to put other people’s money at risk, I used my retirement saving to develop the PowerStation to this point. It now is time to take the technology to the next level.
In Uganda there are over 600,000 cars on its roads. 90% of the people have no access to grid power, even part of the day. In neighboring countries such as the South Sudan and DRC there is even less grid power and most electricity is generated using petrol generators with the attendant cost, noise and pollution.
The first year cost of a PowerStation is less than a comparable generator when the cost of fuel is added in, and about 1/5 the cost over a five year period.
The cost of a PowerStation is less than one quarter of that of a solar system for the comparable amount of electricity generated and has the additional benefit of providing electricity wherever the vehicle travels. Since the vehicle is being used for transportation anyway, the PowerStation is causing no additional pollution and the electricity is basically free.
We are continuing to work on lowering the cost to the consumer without lowering the quality of the product. The second iteration of the PowerStation is ready for market and the third is in development.
With over a billion vehicles on the roads of the world, this is an immediate solution to the scarcity of electricity around the planet, especially in developing countries. This is a technology that could help transform the lives of people around the developing world if we can get it to the wider market. At the same time, it will reduce the need for additional generating and transmission facilities without causing any additional pollution. In effect, we are getting double utilization out of fuel being used for transporting anyway.
We are looking to build the prototype assembly plant/dealer training center in Northern Uganda to service the markets initially of Uganda, The DRC and South Sudan, with expansion into the other East African Common Market countries to follow. This will provided needed electricity and jobs to an area whose infrastructure was decimated by war for 20 years.
We expect we will need approximately $300,000 to $500,000 to get it off the ground.
We are offering up to thirty-three 100 share blocks of stock at $15,000 per block (33% of the company’s stock) to raise the needed capital to get the project to the next level. After establishing the Center in Northern Uganda we hope to take what is learned and establish other Centers around the developing regions of the world.
The East Africa Common Market has been started and will open the market for PowerStations to another 100 million people in Rwanda, Burundi, Kenya and Tanzania. All of these countries have serious shortages of electricity and have shown strong interest in the AAES PowerStation Solution.
I believe this is an opportunity to not only make an excellent ROI in the long term, but also bring electricity to areas of the world that need it and provide good paying jobs to people that desperately need them, all with a product that causes no additional pollution. That is a win/win in my book and I hope it is in yours. We are also looking for additional grants and low cost loans to further the project.
If you would be interest in one or more blocks of stock or have other sources of funding we might tap, please contact me. If you know of anyone who also might also be interested in participating, please pass on the information to them. If you have any suggestions for other funding sources, please let me know.
This is definitely a technology that should not die on the vine. Please give serious consideration to investing. As I said before, I believe this is a win/win for all concerned.
Again thanks to Barclays Bank and GVEP for their support and belief in the project.
And thank you in advance for your serious consideration of the project.