Building Turbines Completes Acquisition of Green City Development
September 07 2011 - 9:22AM
Marketwired
Building Turbines, Inc. (PINKSHEETS: BLDW), a designer and
manufacturer of commercial rooftop wind turbine systems and other
renewable energy technologies, announced today that it has
completed its acquisition of Green City Development LLC. Terms of
the deal were not disclosed.
"Green City's eco-innovative technology and knowledge will be
perfect additions to our renewable energy development roadmap,"
said John Graham, CEO of Building Turbines, Inc. Solar
installations, energy audits, residential and commercial
eco-weatherization techniques, as well as other renewable energy
innovations will be added to the products and services now offered
by Building Turbines Inc.
Building Turbines, Inc. is also in negotiations for a licensing
agreement with the founding members of The BlueWind Project
including Alex Moran, Nidia Campos, Craig Bach, and Blake Manson,
the former owner of Green City Development LLC. "We already have
tremendous interest in the micro-turbine among non-profit
organizations that assist families in developing countries, and we
anticipate inquiries about it to grow exponentially once we fully
implement our marketing strategy for the product," said Graham. The
BlueWind Project is a production and sales approach of micro-wind
turbines called VAWmG's (Vertical Axis Wind microGenerators) to be
distributed into third-world countries. Building Turbines supports
Manson and his team for the micro-wind turbine as well as the
vertical integration of several components to the turbine such as
LED lighting and magnetic levitation hubs.
The turbine could potentially benefit billions of people
worldwide because of its low cost and ease of use. "We have already
seen orders from our connections in Guatemala, which will be the
host of our initial marketing program, even before the product has
been officially released," Manson said. Manson had lived in the
country for almost two years making connections and understanding
the people before designing the final production prototype
micro-generator with his team.
About Building Turbines, Inc. Based in
Austin, Texas, Building Turbines, Inc. is a renewable energy
company focused primarily on designing, manufacturing and deploying
revolutionary rooftop mounted horizontal-axis wind turbines. For
more information visit their website at www.buildingturbines.com,
or email them at investor@buildingturbines.com.
Contact: John F. Graham, Sr. CEO 512-206-4205 Email Contact
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