SDGL Announcements  
  News Article    
 

01 /05/ 2010

Secured Digital Announces Completion of Reorganization and Award of Contract for its Solar-Wind Hybrid System

New York, NY – January 5, 2010 - Secured Digital Applications, Inc. (OTC Pinksheets: SDGL) today announced that it has completed theits reorganization of its businesses following a comprehensive review of the Company’s businesses, structure and value creation strategies.

Beginning January 1, 2010, the Company will focus in the design and supply of renewable energy generation, logistics control and optimization systems. SDGLThe Company has organized its businesses under three operating segments comprising of solar-wind hybrid system, smart home system; inventory and logistics control system.

The smart home and logistics control systems are our legacy business while the solar-wind hybrid system was included in our product offerings in the second half of 2009. Going forward, SDGL will license its technology and applications to third parties and limit its involvement in multimedia content production and mobile communications.

In line with its reorganization, the Company has also re-branded its entire product offerings under the name of “Cnergy.”

Solar-Wind Hybrid System

We included the solar-wind hybrid system in our product offerings after conducting an in-depth study on its demand potential and synergy with our smart home system. Our unique solar-wind hybrid system, developed in collaboration with Hall Kingston Holdings Limited, features an intelligent regulator that automatically adjusts the turbine speed to generate maximum power.

Supply Contract

SDGL’s subsidiary, Juta Ketara, was awarded a $1.65 million contract by a government-owned company to design, supply, install and commission a 50 KW off grid Horizontal Axis Wind Turbine to provide electricity to 150 households in a remote village located on the island of Sumatra, Indonesia. The hybrid system features a remote power tele-monitoring unit that can display real-time and event log data for tracking and analyzing the system’s efficiency via a GPRS network. The system is expected to be installed and commissioned by the end of April 2010.

“We are pleased with the results of the bold and aggressive steps we have taken to rebuild SDGL in 2009, said Kamaruddin Bujang, President of SDGL. The reorganization exercise has enabled each of our business segments to stand alone to execute on each segment’s opportunities.”

In response to recent inquiries on the status of its audited financial statements and financial performance during 2009, the Company is in the process of preparing a list of frequently asked questions. Shareholders who wish to ask questions are requested to submit their questions by end of business day January 8, 2010.

About Secured Digital Applications, Inc.:
Founded in 1992, Secured Digital Applications, Inc. develops solar-wind hybrid systems, smart home systems; inventory and logistics control systems for the home and commercial sectors. The target market for the Company’s products and services include customers from the United States, Asia and Australia. For more information, please visit www.digitalapps.net. Information on our websites does not comprise a part of the press release.

Safe Harbor Statement:
Information contained in this press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of forward-looking terminology such as "believes," "expects," "is expected," "intends," "may," "will," "should," "anticipates," "plans" or the negative thereof. These forward-looking statements often include forecasts and projections for future revenue and/or profits and are subject to revision and are not based on audited results. Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to vary materially from historical results or from any future results expressed or implied in such forward-looking statements. Such risks and uncertainties include, but are not limited to, economic downturns, failure to achieve anticipated short- and long-term financial benefits from our business, failure to achieve market demand and acceptance for our products and services and failure to generate sufficient capital or to obtain financing to fund our operations and growth. The Company does not undertake to update, revise or correct any forward-looking statements. Investors are cautioned that current results are not necessarily indicative of future results, and actual results may differ from projected amounts. For more complete information concerning factors that could affect the Company's results, reference is made to the Company's registration statements, reports and other documents filed with the Securities and Exchange Commission.

Contact:
Kamaruddin Bujang
din@digitalapps.net

 


 Copyright © 2000 Secured Digital Applications, Inc. All Rights Reserved.
   
         
home