Roseville, CA – December 02, 2014 — HeliosAltas Corp. and CHAUP Inc. (CHAUP) have agreed to a stock merger, with HeliosAltas arising as the surviving entity.
CHAUP brings its exciting, low-impact renewable hydroelectric technology to the company. This innovative technology was inspired by the long proven energy generator, the waterwheel. Its patented design allows for the production of low cost, zero emission energy production in canals, industrial water loops, rivers, tidal flows and the base of dams. It is environmentally-friendly and can be used by off-grid and grid-tied users alike.
CHAUP CEO, Mr. Phil Chauvin said, “We are very excited to bring our companies together. HeliosAltas already has partners in other countries with projects where we can deploy and develop this technology.”
Helios CEO, Mr. Michael Carroll said, “We are honored the CHAUP team agreed to this merger which will allow us to bring this game-changing technology for hydro power generation to market.”
Mr. Chauvin will take on the position of VP of Technology for HeliosAltas, as part of the new company.
About the HeliosAltas Corporation
HeliosAltas Corporation is bringing worldwide access to cost-competitive, zero emission energy. The company is made up of a team of highly motivated people working to moving the world to zero carbon energy production by developing projects based on its unique low impact hydroelectric technologies. HeliosAltas manufactures sustainable technologies that it utilizes to develop projects both directly and through global partnerships. Learn more at https://www.heliosaltas.com/
Michael Carroll, HeliosAltas Corp. USA 1-844-HELIOS-1 (844-435-4671) or [email protected]
SOURCE HeliosAltas Corp