To OTC Journal Members: 
 

It may be a relatively unknown company to the masses, but IX Energy (IXEH.OB) has recently drawn the attention of two companies instrumental in helping it gain traction in the solar energy and other renewable energy solutions markets.

Of course, OTC Journal spotted IX Energy several weeks ago.

Monday morning, IX Energy announced a new relationship with Ardour Capital Investments, LLC to assist in executing its strategic growth plan. Working exclusively with clients in the clean energy technology sector, its knowledge and experience will undoubtedly help IXEH as it moves forward.

In fact, Ardour Capital markets a number of index funds focused on alternative energy. Considering the Ardour Solar Index (SOLRX) is up 88% since its March lows, this New York City-based firm must know a little bit about identifying solid, top-performing companies.

Then, in the afternoon, IX Energy announced that it was going back to school. Not that it needs to beef up its education. In fact, the expertise behind IXEH helped solidify this just announced partnership with Advanced Green Technologies (AGT).

IX Energy's first assignment is to build a 28kW rooftop solar array at Warren Easton High School in New Orleans as part of the New Orleans Solar School Initiative. The 28kW grid-tied system, covering 35,400 sq. feet can be expanded to as much as 125kW. 

What IX Energy's next project will be is unknown, but this initiative calls for a rolling out of solar to four New Orleans schools as part of an overall goal to deliver clean energy back into the community of New Orleans. 

AGT's role is to design and integrate the system while IX Energy takes on the electrical install, materials and balance of system. Scheduled to begin in a little over a week, the companies expect the project to be completed by August. 

That's a quick cha-ching for IX Energy. 
 

Gaining Momentum

These two new partnerships and IX Energy's longer-term relationship with government-owned Unicor gives IXEH the initial boost brings it that much closer to raising capital and making profits. The relationship with Unicor alone is probably worth the entire value of the company today.

What Unicor has basically done for nearly 30 years is to fulfill the needs of the Federal government using voluntary prisoner labor, offering Federal inmates the opportunity to learn skills with on-the-job experience.

The federal government has a mandate to increase its renewable energy use to 5% by 2010, and to 7.5% by 2013, and Unicor is its go-to company. That adds up to millions and millions in contracts, and IX Energy has the inside track because of its relationship with Unicor.

All that said, with business starting to trickle in and IXEH trading at low prices, I think it has more upside than downside potential. News of the two new relationships pushed the stock's price up 6% on Monday, bucking the broad sell-off in the market.

As for timing an entry (timing is still everything, isn't it?), I really like the way this stock has built a base at 25 cents since the end of May. I have a strong sneaking suspicion that's going to be the launch pad for the next big leg. Remember, the longer the wind up is here at the 25-26 cent range, the further the stock flies once launched. It's been winding up for almost three weeks though, so the clock is ticking. 

Simultaneously, the base at 25 cents has been so persistent, I'd be very surprised to see IXEH trade under it. 

Stepping in now also looks as if you'd be in at the low point of a U-shaped bottom, which tend to have a lot more longevity and follow through than a V-shaped bottom.

In other words, I see lots of upside and very little downside from here. I strongly suggest you accumulate up to a trading level of 60 cents while you can.

Here's the news release.