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TROY, Mich., July 27, 2015 (GLOBE NEWSWIRE) -- Viper Networks, Inc. (Pink Sheets:VPER), is pleased to announce that the Company (in partnership with Apollo Metro Solutions, Inc.) has recently finished a pilot project for LED Street Lights and parking lot and public park lights in Mecca, Saudi Arabia.
After recently gaining LED lighting product certification approval in municipalities throughout the Eastern Provinces of Saudi Arabia, the Company continues their pilot program successes in Western Saudi Arabia with the latest one recently completed in Mecca for a housing development contractor. Initial order estimates are at $400,000.00 U.S. Dollars, with projected cumulative orders totaling approximately $8 million next year.
Mecca is a major city in Saudi Arabia with a population of approximately 2 million people, although visitors more than triple during the pilgrimage period annually. The city is located 43 miles inland from Jeddah. Mecca is revered by Muslims worldwide, and the Grand Mosque is one of the few places in the world where Muslims of all denominations gather.
Currently the Grand Mosque is going through a $60 billion expansion that will almost double the area for pilgrims to pray. Another megaproject is Jabal Omar, a hill on the mosque's west side, where construction of about 40 towers is under way, mostly for luxury hotels providing some 11,000 rooms.
As previously announced the pilot project with 11 Universities and Colleges within the greater Jeddah area, Viper Networks and Apollo Metro are gearing up to provide LED lighting for college campuses, student housing, parking lots and street lights. The initial order should be around $500,000 for the first project with total orders expected to be approximately $10,000,000 next year.
The Company also received and delivered an order for their Intelligent LED Roadway Lighting for a Pilot project in Lebanon from the Ministry of Interior and Municipalities of the Lebanese Republic. The expected projections from the Company are in the $18 million range for the first phase.
Additionally, the Company completed the latest pilot project with Sri Lanka's Ministry of Highways and Roads, and is waiting for the new government to finalize the budget since the Company's product(s) have been approved for installations. Initial orders should be for small projects in the range of $500,000 and later increase to several million U.S. dollars.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the U.S. Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this release which are not historical are forward-looking and include any statements regarding beliefs, expectations or intentions regarding the future.
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