Building Turbines Signs Huge LED Lighting Upgrade Contract With Star Pipe
January 29 2014 - 9:15AM
Marketwired
Building Turbines Signs Huge LED Lighting Upgrade Contract With
Star Pipe
AUSTIN, TX--(Marketwired - Jan 29, 2014) - Building Turbines,
Inc. (PINKSHEETS: BLDW), developer of patented rooftop mounted Wind
Turbines, and distributor of Energy Saving LED lighting, Solar and
Generator Solutions through Green City Planet, a wholly owned
subsidiary, is pleased to announce the signing of a contract,
complete with deposit, for Star Pipe Products, to upgrade their
existing lighting, to Building Turbines energy efficient LED
lighting. Star Pipe has 14 locations. Each location will be
different, based on size, complexity, and needs. The first location
is worth approximately $120,000 gross. Some locations will need
only bulbs; while others require new fixtures and installation; but
the entire project is expected to be in excess of $1M. BLDW's role
in this project is to supply all of the LED bulbs, through Green
City Planet. A third party is performing the majority of the
installation, and the manufacturer will be responsible for all
warranty issues. Building Turbines has already begun supplying
bulbs for the project, and first location is approximately 75%
complete; according to the agent performing the installation.
Star Pipe Products has been manufacturing and distributing
quality iron products for the water and wastewater industry for 30
years. With fourteen distribution centers across North America and
over 300 employees, Star Pipe Products remains committed to
providing customers with quality products and professional
service.
"We were very impressed with Building Turbines. Their sales
team and management walked us through the entire upgrade process.
They did an analysis of our existing lighting and then designed an
upgrade solution for us that should save around 40% on our lighting
costs, all with a 2 year payback on our investment, not including
the rebates and tax credits that we will receive. The federal and
local incentives and rebates will almost pay for the entire
upgrade. We are looking forward to a quick installation, reduction
in our electric bill, and increase in the quality of our lighting
at Star Pipe," stated Patrick Kilbow, Buyer for Star
Pipe.
Paul Getty, Building Turbines, Inc. Advisory Board, commented,
"Doing business with a company like Star Pipe shows that Building
Turbines has demonstrated our ability to meet and deliver on all
requirements, designs and installations of LED upgrades for all
size businesses. We have many more similar size projects that we
are finalizing, and many of those customers have expressed interest
in our new wind turbines solution. Like Star Pipe, Building
Turbine's strategy is to provide quality products and services that
meet or exceed industry standards through continuously improving
processes, awareness and training."
About Building Turbines, Inc.: www.buildingturbines.com Based in
Austin, Texas, Building Turbines, Inc. is focused on the design and
manufacture of patented rooftop wind turbines; as well as,
vertically integrating into other renewable energy solutions to
complete a total Green Energy Solution for any urban environment.
Building Turbines, Inc. is a publicly traded company, (PINKSHEETS:
BLDW).
About Green City Planet: www.greencityplanet.com Green City
Planet, is a wholly owned subsidiary of Building Turbines Inc.; is
a premier provider of LED lighting, Solar and comprehensive
commercial energy efficient solutions.
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: E-mail: Email Contact Investor Relations
Dave Zembek 615 426-2565
Akazoo (NASDAQ:SONG)
Historical Stock Chart
From Dec 2024 to Jan 2025
Akazoo (NASDAQ:SONG)
Historical Stock Chart
From Jan 2024 to Jan 2025