Radix Marine is looking at ways to use the corporate structure, publicly traded company benefits, and human resources to diversify the company into products and services that make sense for the current market conditions and company growth. One area we have explored is solar and wind energy. With a combined 75 years site development experience amongst the staff, we felt that this was natural diversification potential for the company.

The current economic benefits are a measurable income stream, marketable tax credits, measurable costs and a built in market for the produced power. This will help stabilize income for the company as the economic challenges spread world wide effecting patrol craft sales. The government has implemented many tax, financial, and market incentives as an inducement for the development of these farms. We have explored wind and solar farms over the last several years to develop parameters for potential projects. Recent advances in the technology, as well as an overall downturn in costs, has made it even more desirable to pursue such projects at this time. We continue to look at opportunities to find the proper mix of our existing corporate goals for the company as well as expand our income opportunities, both short and long term.

While not directly tied to the maritime industry, it does provide for an opportunity to build a stable income source that will help stabilize the ups and down of the international patrol craft industry. A fully developed Wind/Solar farm provides stable income for decades to come and can bring real value to the shareholders of the company in the long and short term. This, coupled with the years of site development experience of the staff, give Radix a real advantage in the market place to develop a successful Solar/Wind project. These farms, when built out, become “electrical ATM” of sorts for the owners. We can then operate, lease or sell the finished product to meet the goals of the company and add further shareholder value.

We are excited at the opportunities projects like this will bring to the company and its shareholders. Below is some statistics from Wickapedia relative to recent and future grown in the industry.

“As of October 2009, the installed capacity of wind power in the United States was 31,000 megawatts (MW) making it the world leader ahead of Germany, and wind power accounts for some 1.2% of the electricity generated in the United States Texas, with 8,797 MW of capacity, has the most wind power capacity of any U.S. state, followed by Iowa with 3,053 MW The Roscoe Wind Farm (780 MW) in Texas is the world's largest wind farm.

Over 8,500 MW of new wind power capacity was brought online in 2008, increasing the nation’s cumulative total by 50%. These new installations place the U.S. on a trajectory to generate 20% of the nation’s electricity by 2030 from wind energy, as long as there is continued government policy support for the industry. Growth in 2008 channeled some $17 billion into the economy, positioning wind power as one of the leading sources of new power generation in the country, along with natural gas. New wind projects completed in 2008 account for about 42% of the entire new power-producing capacity added in the U.S. during the year.

At the end of 2008, about 85,000 people were employed in the U.S. wind industry, and GE Energy was the largest domestic wind turbine manufacturer. Wind projects boosted local tax bases, and revitalized the economy of rural communities by providing a steady income stream to farmers with wind turbines on their land Wind power in the U.S. provides enough electricity to power the equivalent of nearly 9 million homes, avoiding the emissions of 57 million tons of carbon each year and reducing expected carbon emissions from the electricity sector by 2.5%.”

It is for these very reasons we continue to look at renewable energy as a great potential addition to the growth of the company in the coming years. We have put allot of time and energy into developing a plan that benefits the company while keeping the principal goals of the company in mind.