ICP Solar Technologies Gains Initial Public Financing

Montreal, Canada [RenewableEnergyAccess.com] ICP Solar Technologies, Inc. announced the closing of a merger with FC Financial Services, Inc. It will operate under the name ICP Solar Technologies, Inc., assume and execute ICP Solar’s renewable energy business plan as its sole business, and retain ICP Solar senior management. Pursuant to the merger, ICP Solar completed a $5 million private placement of common stock, with additional warrants having an exercise value of $5 million, from a group of institutional and accredited investors. ICP Solar, currently developing new solar cell based products aimed at the rooftop, OEM and consumer markets, is expanding its geographic focus to Europe and Asia-Pacific in addition to gaining retail market share in North America.
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