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Xzeres has obtained a new US$ 6.5 million credit facility. Renewable Power Resources, LLC, comprised of a group of strategic investors with interest in distributed renewable power generation, provided the credit facility to support Xzeres' 2013 near term and strategic growth objectives.
To date, Xzeres' has developed a global presence primarily driven by the USA and UK markets. While the company anticipates the USA and particularly the UK to remain major drivers in their business, 2013 expects to benefit from their efforts to further expand globally. Already, the company has activities in process and developing in Vietnam, Japan, the Caribbean and other parts of continental Europe.
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