Building Turbines Announces the Award of the First, in a Series of Sales Contracts, Well in Excess of a Quarter Million Dolla...
November 29 2012 - 7:15AM
Marketwired
Building Turbines, Inc. (PINKSHEETS: BLDW), a designer and
manufacturer of patented, innovative commercial rooftop wind
turbine systems, issued a statement today that within less than a
month of Paul Getty joining Building Turbines team, BLDW has
received a contract from Stone Capital Partners, for the sale of 10
of their model BT 5000 turbines, currently invoiced at $270,625.
The turbines will be installed on "The Physicians Center" building
on one of Houston's busiest, high visibility corridors, Loop 610.
John Graham, CEO of Building Turbines, commented: "Adding Paul to
the team was one of the best business decisions we have made. This
is just the first in a long list of sales that Paul is in process
of bringing us."
The city of Houston is looking forward to working with Stone
Capital Partners, and helping them to create a greener Houston with
this new LEED certified project. The Physicians Center will be the
bench mark for state of the art Green Energy buildings in Houston,
TX. It is a 6 story, 125,000 square-foot building located directly
across from Memorial Hermann Hospital. They will be the first
building to utilize all LED interior lighting, revolutionary
roofing materials, the highest E-rated windows and R-rated
insulation available, according to Robert Day.
Robert Day, of Stone Capital Partners, stated: "With the tax
incentives and certifications available, we are looking at putting
Building Turbines on all of our future energy efficient buildings.
With the 15% in potential energy savings, $1.80 per square foot
property tax reduction; as well as, a 30% federal tax credit, and
an additional 50% accelerated depreciation write off in the first
year, these units will pay for themselves. I can't believe everyone
is not taking advantage of the Building Turbines wind power
solution for green electricity."
Paul Getty, with Building Turbines, Inc., commented: "I am very
excited to be working with Building Turbines, Inc. on developing
various marketing verticals that can benefit from this state of the
art product. We see an international opportunity for this
technology and plan to capitalize on it. It is not often that you
can be involved in a business opportunity for shareholders and at
the same time play an important part in environmental
conservation."
For information on installing turbines in your area please
contact: sales@buildingturbines.com.
About Building Turbines, Inc. Based in
Austin, Texas, Building Turbines, Inc. is a renewable energy
company focused primarily on designing, manufacturing and deploying
patented revolutionary rooftop mounted, horizontal-axis wind
turbines that can bring the dream of clean, affordable wind energy
to a reality. The turbines are mounted on a strong steel frame,
with a low rooftop signature, requiring minimal maintenance, and
generating almost no noise or vibration.
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.
For more information: Website: www.buildingturbines.com E-mail:
Email Contact Investor Relations: Dave Zembek 615-426-2565
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