Sceptor Holdings Inc. Announces Status of South African 90MW Power Project

New York, NY, December 05, 2015 --(PR.com)-- On September 11, 2015 (the “Closing Date”), Scepter Holdings, Inc., a Nevada corporation closed a transaction (the “Transaction”) in the form of an Asset Purchase agreement, (the “Agreement”) with Belfleur, Inc. a company organized under the laws of the State of Colorado, ("Belfleur"). The Agreement includes the right to enter into certain other agreements and use Belfleur's intellectual property. The Company did not acquire any plant and equipment, and any other business and operational assets of Belfleur, Inc. as part of the Agreement, and the Company did not hire any employees of Belfleur, Inc. The Agreement relates to the development, construction and operation of a, 90 Mega watt Photovoltaic facility in South Africa. The Company plans to utilize the Agreement to develop and operate this facility.

Power scarcity in the Republic of South Africa has become an issue of national importance.

In February 2014, the municipality of Polokwane (MOP), located in Limpopo Province, Republic of South Africa (RSA), issued Request For Proposal PPP5/2015 (RFP) for the funding and implementation of off-balance sheet capital infrastructure projects. In response to the RFP, Jeka Resources (Pty) Ltd. (JRL), a South African registered company, submitted a proposal to develop, design, finance, construct and operate a solar PV electricity generation facility in the form of a Solar Park (the “Project”). In response to its submission, JFL was conditionally awarded the Build Operate Transfer (BOT) Project in August 2014.

Subsequent to the award, JFL executed a Letter of Intent (LOI) with Antillean Power Generation Ltd. (APG), an independent power producing company, incorporated under the laws of the Federation of Nevis to fund the Projects development up to $170m USD in exchange for a 51% net working interest in the Project and a senior secured debenture (the “Participation Agreement”).

On the basis of the APG LOI, JFL executed an LOI with MOP to purchase 90MW of solar generated power from JRL, or its nominated affiliate, for a minimum 20 years via a standardized National Treasury Guarantee. Under the terms of the MOP/JRL prposed Power Purchase Agreement (PPA), MOP will purchase all the electricity generated by the Project at a rate of $0.09 per kWhr, plus a 6.5% annual inflation rate increase. APG has also aligned with Romano Group, a best-in-class South African solar contractor, to execute the end-to-end EPC for the project.

The Project’s conceptual development schedule is 18 months with phased operational testing and integration activities scheduled to commence in early 2016. Project commissioning is planned for early January 2017.

Upon completion, the plant will prevent approximately 329,000 tons of CO2 emissions per year and provide clean, sustainable power for approximately 117,000 homes via direct connection to the MOP grid. The project will create 900 construction jobs during the construction phase and 45 full-time jobs for plant operations (80% South Africans, 50% local communities).

In December 2014, Eskom, the RSA state utility, launched its latest round of load shedding - planned power cuts designed to help conserve electricity supplies. Outages in the RSA are the worst since 2008 and come as Eskom grapples with a power crisis partly caused by years of insufficient investment in infrastructure. The resultant economic impact reflects the need for immediate alternative power solutions in the Republic of South Africa.

Biographies of Officers and Directors

James Hicks

James Hicks has held various roles from analyst to founder of businesses in the energy, logistics, and telecom verticals. He and/or his companies have obtained funding for multiple utility scale energy installations through private equity sources, assumed project management roles in the energy and telecom verticals, completed supply chain enhancements for various fortune 500 companies, and oversaw successful ERP installations/migrations at two US telecom companies valued at over $550 million. James has a BBA in Finance and an MS in Information Systems from DePaul University and is currently enhancing his Spanish speaking and writing skills.

Kirk M. Heston

Mr. Heston has been in the construction industry for over 30 years and in the energy sector for over 25 years. Prior to forming his own corporation in 2008 Mr. Heston served as the National Business Development Director for Renewable Energy Solutions –Wind, at Johnson Controls.

Since 2004 he has focused on the development of renewable energy projects for community energy projects, distributed energy generation, or utility scale projects for public and private entities internationally. Mr. Heston has consulted on, developed, or implemented utility scale projects internationally. Mr. Heston has worked with the US Federal and State Congresses to change legislative laws that allow public entities to build own and operate renewable energy assets to assist in offsetting their high energy costs. Mr. Heston has been technically trained at Turbine manufacture’s facilities in Europe and Spain, AAS in Mechanical and Electrical Sciences, Real Estate Law and Finance from Sauk Valley College.

Thomas Norvell

Thomas Norvell has held numerous roles in the energy, telecom and logistics sectors. He has served as a Director, Account Management for Dynegy, implemented multi-million dollar projects, and consulted in governmental affairs issues for public utilities. Through his tenure at SBC/Ameritech, he handled vendor relations in the B2B IT space with Fortune 500 companies such as AT&T, Sprint and MCI. As a Project Manager with Custom Companies, he implemented a complete overhaul of their IT systems, including billing, dispatch and warehouse operations. Thomas has a BA in English with a minor in Supply Chain Management from Western Illinois University.