Company Reaches 3 Year Milestone of Manufacturing, Sales and Job Creation
NORTH VERNON, IN — (Marketwired) — 09/16/14 — On Friday, September 12, 2014 WindStream Technologies, Inc. (OTCQB: WSTI) celebrated its 3 year anniversary in its 50,000 sq. ft. manufacturing facility in North Vernon, Indiana. This marks a major milestone in the Company’s growth, having started in 2008 in California with the idea to bring small-scale renewable energy to a worldwide, mass market. The Company manufactures its signature product, the SolarMill® which is a hybrid (wind and solar) renewable energy system. The SolarMill® has resonated with customers worldwide due to its cost effectiveness, scalability, durability and ease of installation. Customers that are looking to reduce energy costs, reduce their carbon footprint or generate energy in the absence of a grid have found the SolarMill® to be a perfect solution for any of the aforementioned markets.
“The past 3 years have been an exciting time for WindStream,” said Dan Bates, President and CEO, “we have overcome many challenges having gone from start-up through final product design and engineering to setting up a manufacturing operation that currently produces 500 SolarMills a month and ships to customers all over the world.”
In celebrating this important milestone the Company also pointed out that it achieved other notable benchmarks of success: greater than $22MM in purchase orders, going public in 2013, US patents approved, products shipping to over 30 countries, and strategic distribution agreements worldwide. WindStream is giving back to the North Vernon community by employing 35 of its residents while having local vendors supply many of the needed components. “I could not be prouder of the team that we have assembled and of the products we are building here at WindStream,” said Bates. “North Vernon took a chance on us when we were just getting on our feet and I owe a debt of gratitude for the vision and support shown by the community, the City Council, and especially to Mayor Campbell.”
“You talk about perseverance, we’ve watched WindStream overcome adversity and meet every challenge head-on, openly and honestly and somehow, get through. With that kind of tenacity I am sure that WindStream will be a great success. They have been a great corporate citizen of North Vernon and I am grateful to have them in the community,” echoed Mayor Harold Campbell.
WindStream recently renewed its lease on the property and will be expanding its operations to meet global demand.
About SolarMill® WindStream’s patented SolarMill® products consist of Vertical Axis Turbines and Solar Panels, which are controlled by the Company’s proprietary “smart” electronics. SolarMill® devices are easily assembled, installed, and scalable, allowing customers to grow their installation to meet their energy demands. SolarMill® products are “Made In The U.S.A.”, and are being sold to customers all over the world. Technical information on the SolarMill® is available by visiting https://www.windstream-inc.com/products/solarmill.
About WindStream Technologies: Founded in 2008, WindStream Technologies, (OTCQB: WSTI), is headquartered in North Vernon, Indiana. WindStream Technologies was established to create a global, low-cost hybrid, renewable energy solution for urban, suburban, and on and off-grid environments. Its patented SolarMill® hybrid wind and solar system technology is a distributed energy solution, which produces continuous renewable energy for customers 24/7/365. Learn more by visiting: https://www.windstream-inc.com.
Forward-Looking Statements Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Certain statements in this press release constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs but they involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, such as business and political conditions in the geographic areas in which we sell our products; weather and natural disasters; changing interpretations of generally accepted accounting principles; outcomes of government reviews; inquiries and investigations and related litigation; continued compliance with government regulations; legislation or regulatory environments, requirements or changes adversely affecting the businesses in which we are engaged.
The information set forth herein should be read in light of such risks. You are urged to consider these factors carefully in evaluating the forward-looking statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. The forward-looking statements made herein speak only as of the date of this press release and the Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company’s expectations.