Building a Business Empire with my Technological System

Chapter 103 Expanding Market Reach

Chapter 103  Expanding Market Reach

In the weeks that followed the signing of the Memorandum of Understanding with the German Federal Ministry for Economic Affairs and Climate Action, Michael Reyes and Bridget von Reimann were deeply engrossed in a whirlwind of business activities. Their schedules were packed with meetings - some held in person across various locations in Germany, others conducted virtually, connecting them with potential partners and clients across Europe. This period marked a critical phase in SolaraTech's expansion strategy, laying the groundwork for the company's entry into the European market.

Amid this flurry of professional engagements, Michael managed to juggle his academic commitments. Recognizing the unique position Michael was in, his academic advisers offered him a flexible arrangement. This special treatment allowed him to complete his coursework remotely, submit assignments, and take quizzes and exams under certain conditions to ensure academic integrity. One key stipulation was that all quizzes and exams were to be taken live, under supervised conditions that were arranged in advance.

Of course with the program of Mechanical Engineering, a program he was already pretty good at because he had spent a lot of time reading about it and even publishing his own articles and research online. Thanks to his background knowledge, he aced all his tests and assignments without too much trouble.

Bridget, on the other hand, was on a quest on her own, finding more clients overseas to expand SolaraTech's market reach. She worked tirelessly, reaching out to potential clients and setting up meetings to showcase the innovative solar technology that SolaraTech offered.

Meanwhile, Antoneitte helped SolaraTech make deals with local companies and LGUs in the Philippines for their solar panel installations, leveraging her extensive network in the domestic market.

And months later, Solaratech Corporation is making headlines in Europe. Here are some of the headlines that have appeared in popular European news outlets.

"SolaraTech's Innovative Solar Solutions Revolutionizing Renewable Energy in Germany" - A leading German news outlet highlights the successful implementation of pilot projects in several regions, underscoring the effectiveness of SolaraTech's technology in enhancing Germany's renewable energy capabilities.

"European Energy Sector Set for Transformation as SolaraTech Expands Reach" - An influential European business magazine covers SolaraTech's expansion beyond Germany, discussing potential impacts on the broader European renewable energy landscape.

"Bridging the Gap: How SolaraTech's Storage Solutions Are Solving Solar's Biggest Challenge" - A renowned science and technology journal examines the unique storage technology developed by SolaraTech, emphasizing its role in overcoming the intermittent nature of solar energy.

"Green Future: SolaraTech to Collaborate with Major European Utilities" - Reports on SolaraTech's negotiations with several major European utility companies to incorporate their solar panels and storage systems into existing grids.

"From Philippines to Europe: The Meteoric Rise of SolaraTech in the Solar Industry" - A feature story in a global business news platform, chronicling SolaraTech's journey from its inception in the Philippines to becoming a key player in the European renewable energy sector.

"Sustainable Cities: SolaraTech's Role in Urban Renewable Energy Projects Across Europe" - A detailed report by an environmental news outlet on SolaraTech's involvement in urban sustainability projects, highlighting the company's contributions to reducing carbon footprints in European cities. Michael read the headlines as if ticking off items from a to-do list, a sense of accomplishment mixed with anticipation for what was yet to come. His inbox was flooded with inquiries from various sectors: potential partners interested in integrating SolaraTech's solar solutions into their operations, municipalities across Europe looking to reduce their carbon footprint, and even academic institutions eager to collaborate on renewable energy research.

Then his phone vibrated. Michael pulled it out from his pocket and glanced at the caller's name. It was Bridget. He answered it and wedged the phone between his shoulder and ear, continuing to scroll through his emails. "Hey, Bridget," he greeted.

"Michael, are you reading the news right now?" Bridget's voice came through, a hint of amusement in her tone...

Michael paused, looking at the array of tabs open on his laptop, all displaying various news articles about SolaraTech's recent achievements and growing recognition in Europe. "Yeah, I am. It's quite something, isn't it? Feels unreal to see our names out there," he admitted, a sense of pride evident in his voice.

Bridget chuckled softly. "It's more than 'quite something,' Michael. It's a testament to all the hard work we've put in. But more importantly, it's building the image for our brand. This visibility is crucial before we even think about moving into other markets, especially China."

Michael's expression sobered at the mention of China, the enormity of the task at hand settling in. "Right, China... Speaking of which, when do we start gearing up for that? Given the response we're getting here, I'd say we've built a solid foundation."

"You are testing me again aren't you?" Bridget chuckled. "Anyways, I will play. Well, what we generated is demand so we have to keep up with it. I'd say that we must build a lot of production facilities in the Philippines, and license the technology to our partners here in Europe to start with."

"I already contacted the contractor who has built the manufacturing facility in Bataan, and they are already asking how many facilities we should build. Currently, our production capacity is that we can produce 20,000 solar panels per day, depending on the projected demand, we might need 15 more manufacturing facilities. How about licensing? Have we got any takers yet?"

"Yes, several European companies have shown interest in licensing our technology. It's still early days, but the discussions have been promising. Licensing will allow us to spread our reach without overextending our resources," Bridget replied.

"Yeah…we can earn passively from royalties and focus on further innovation and improving our core technology," Michael added, already thinking about the next steps. "This way, we can maintain control over the quality and innovation of our products while expanding our market reach."

As he was saying that, Michael received an email from Antoneitte. "Hold on just a second," Michael said. "I'm going to read this email sent by Mrs. Estolas." "What does it say?" Bridget curiously asked.

"It says here that…New Clark City is choosing renewable energy as its main source of electricity, and Mrs. Estolas is urging me to return to the Philippines to bid for the project," Michael read aloud.

"In that case, you should return to the Philippines, I need to visit Switzerland for an important meeting, you can take care of that," Bridget said.

"But I'll miss you," Michael cooed. "Work first okay?" Bridget reminded.

"Okay."