Building Turbines, Inc. Completes Successful Test With Two Turbines With Eco-Wind Solutions, Inc. on Roberts Development's Ma...
April 03 2012 - 9:28AM
Marketwired
Building Turbines, Inc. (PINKSHEETS: BLDW), a leading designer and
manufacturer of commercial rooftop wind turbine systems and other
renewable energy technologies, announced today that it has
completed the installation and test of two Windtronics/Honeywell
wind generators.
Roberts Development, an industrial park developer in the Houston
area with several completed developments, has finished a successful
test of a dual wind generator system on one of their main office
buildings, reducing electrical costs by approx. 20%. Roberts
Development is now ready to begin introducing Eco-Wind Solutions'
Wind Generators to its existing industrial parks and customers, as
well as implementing the systems into their newest 30-building
development in the north Houston area. Introduction of the Eco-Wind
generators to their facilities will allow Roberts Development to
begin acquiring LEED certifications for their properties and the
end-owners of their facilities. The LEED certifications will allow
for a windfall of tax credits and rebates to both Roberts
Development and their end-owners in the form of increased property
values, lower operations costs and abatement of property taxes for
up to 10 years as well as lower electrical charges and fees for the
lifetime of Eco-Wind's Systems operations which is estimated to be
20 years or longer.
Dave Roberts, owner of Roberts Development, has said he is very
satisfied with the system and is prepared to move toward
retrofitting some of his facilities which will bring immediate
savings in electrical costs to those buildings. He added that he
looks forward to the benefits and cost savings LEED certification
will bring to all of his business and his clients' buildings.
Eco-Wind Solutions, Inc. and Building Turbines' proposed merger
reasonably anticipates significant business from Roberts
Development as well as several other eminent clients of theirs
which are expected to bring success to both their current
businesses, and the merged entity, upon closing of the merger.
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 wind turbines and other renewable
energy technologies for use in an urban environment. For more
information visit their website at www.buildingturbines.com, or
email them at investor@buildingturbines.com.
The foregoing press announcement contains forward-looking
statements that can be identified by such terminology such as
"believes," "expects," "potential," "plans," "suggests," "may,"
"should," "could," "intends," or similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results
to be materially different from any future results, performance or
achievements expressed or implied by such statements. In
particular, management's expectations could be affected by, among
other things, uncertainties relating to our success in completing
acquisitions, financing our operations, entering into strategic
partnerships, engaging management and other matters disclosed by us
in our public filings from time to time. Forward-looking statements
speak only as to the date they are made. The Company does not
undertake to update forward-looking statements to reflect
circumstances or events that occur after the date the
forward-looking statements are made.
Contact: John F. Graham, Sr. CEO 512-206-4205 Email Contact
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