Building Turbines Announces Completion of Initial Installation for Star Pipe
March 12 2014 - 9:46AM
Marketwired
Building Turbines Announces Completion of Initial Installation for
Star Pipe
AUSTIN, TX--(Marketwired - Mar 12, 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, its wholly owned
subsidiary, is pleased to announce the completion of the first
installation of LED bulbs for Star Pipe Products. The company
expects that this successful completion will lead to further
installations for this customer, as well as others.
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 are very excited to announce this completion, and are even
more so about the LED portion of our business going forward, with
both Star Pipe and several other companies we are hopeful about
being able to announce shortly," said John Graham, Building
Turbines' CEO. He elaborated: "We made a strategic decision at one
point to invest heavily in the LED side of the business because we
felt the timing of the opportunities there could allow us to
leverage the development of the turbines side. The turbines are
more capital-intensive, and work best for both the customer and the
Company in combination with LED, solar and other low-input
technologies, because the turbines require more in terms of
installation and maintenance, although they complement the other
technologies remarkably. We believe this decision is being borne
out today, and we are excited to implement some additional
strategic decisions very shortly, which we believe will allow us to
operate with greater precision, capitalization and transparency
with our partners on the LED side, and to begin leveraging these
efficiencies on the turbines side, as our full suite of options
becomes more available to a greater variety of potential as well as
current customers."
The Company is currently working to streamline its LED channel
to improve efficiency while it seeks to engage larger-scale
property owners in its sales efforts. Graham commented, "We believe
we can drive much greater shareholder value by making a few
relatively small strategic and tactical shifts; while we cannot
release details at this time, we look forward to being able to
implement and announce several key decisions in this regard very
soon."
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: Building Turbines E-mail: Email
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