|Global Future Energy Holdings Selects Spokane Valley|
Global Future Energy Holdings, Inc. (GFEH) has selected a site in the City of Spokane Valley as its first United States manufacturing and distribution facility for a proprietary infrared, thin-film heating technology. This technology, which is currently found in aerospace and mass transportation, will be utilized to produce infrared heating panels that can be mounted to ceilings and walls. These heating panels will be marketed through GFEH's Prestyl USA (Prestyl) subsidiary in Spokane Valley.
The company will be hiring three employees, with possible expansion of staffing during the first year. Production of the panels will begin the first quarter of 2011.
The launch of the heating panel product is the first of a number of products under evaluation for commercialization. Currently, a small wind turbine using patented technology secured out of Switzerland and Lichtenstein is under development. A prototype has been created and is in testing in Spokane.
Marius de Mos, President and CEO of GFEH, said, "We began looking at sites across the U.S. for our first production facility in 2005. Spokane stood out as an ideal location due to available sites, a strong workforce and relationships we forged with Greater Spokane Incorporated (GSI) and Ecolite."
Ecolite Manufacturing, a Spokane Valley company that provided design and development assistance on the product, will partner with Prestyl to manufacture the heating panels. Prestyl will be engaged in value-added manufacturing activities including printing, packaging, distribution and logistics. Options for the heating panels also include the application of an artwork overlay based on customer preferences.
Ed Caferro, CEO of Ecolite, projects that up to 20 employees may be added in the next year if sales meet projections. "Our company has been engaged with GFEH and Prestyl for the past two years in commercializing the technologies they have secured. Small wind and IR heating are first technologies on the list followed by solar power and LED lighting offerings."
Greater Spokane Incorporated's staff has been involved on this recruitment project since the beginning. Gary Mallon, Technology Industry Manager, said, "This project has been exciting and unique in that it provides a multi-faceted win for our organization and the greater community - incorporating elements of business recruitment, business expansion and foreign direct investment." Mallon continued, "GFEH and Prestyl are also bringing intellectual property to our region that may help develop new product lines and revenue streams."
GSI's efforts have helped define future business for Ecolite. "We feel fortunate that GSI introduced us to GFEH and Prestyl," said Caferro, "The partnership has positively altered our product roadmap and insulated us from US economic conditions."
GFEH and Ecolite have plans to market other Eastern Washington-based energy products, technologies and services worldwide.
The company has leased office and warehouse space at 9711 E. Knox in Spokane Valley, Mark Lucas of Kiemle and Hagood Company was the real estate agent involved in the transaction.
About Prestyl USA
Prestyl USA, LLC is a subsidiary of Global Future Energy Holdings which, through international alliances, acquires and commercializes new patented energy technologies. Christine de Mos is the CFO and administrative executive of the company. Thom Morrow, Prestyl USA's President, will lead the sales and marketing efforts. Thom brings 35 years of corporate management as well as sales and marketing experience with multinational corporations. Lisa Schipper, with over 20 years of experience, is the company's Spokane Operations Manager. The company intends to grow through local recruitment.
About Ecolite Manufacturing
Founded in 1970 by Mr. Ed Caferro and his son, Ron, Ecolite Manufacturing is a leading developer and manufacturer of high-efficiency optical components for the architectural and commercial lighting industries. Using LEAN tools, Ecolite employs custom product design and analysis, innovative production strategies, and price compression techniques to ensure customer success.
For more information, visit www.ecolite.com.
About Greater Spokane Incorporated
Greater Spokane Incorporated (GSI) is committed to growing jobs and business investment throughout the Spokane region - an area that serves as the business and cultural hub of the Inland Northwest and supports a population of 1.4 million. GSI is the area's only Regional Chamber of Commerce and Economic Development Council, providing leadership to build a stronger economy since 1881. GSI is funded by more than 1,400 private-sector member investors; Washington State; Spokane County; and the cities of Spokane; Spokane Valley; Liberty Lake; Cheney; Airway Heights; Medical Lake; Newport and Millwood. For more information, visit www.greaterspokane.org or contact us at 509-624-1393 or 1-800-SPOKANE.