New Solar Electricity Corp., a wholly owned subsidiary of LadyBug Resource Group, has signed an agreement with Eugene Augustin of Wireless Engineering Corp. to accelerate the development of its improved solar concentrator, to be called Solar Tracer.
The goal is to develop for worldwide license and sale an efficient solar concentrator that can be manufactured at a substantially lower cost than for other products, the company says. Full-scale manufacturing will likely be done in China.
SOURCE: LadyBug Resource Group Inc.
