Additional Distributors Signed for Added Sales in New Markets
NORTH VERNON, IN — (Marketwired) — 06/23/14 — WindStream Technologies, Inc. (OTCQB: WSTI) announced today that it has signed several new distribution agreements, expanding its reach into new territories around the world. Continuing it global expansion strategy, these new partnerships will increase sales opportunities for the Company and provide clean energy solutions to millions of people that in many cases live beyond the reach of an available power grid.
These new distributors include Meytek Group in Turkey, a large installer of solar systems, Key City Trading from the Netherlands, B.E.S.T. Ltd. in New Zealand, Suka Wind & Solar Ltd. in Ghana, one of the country’s largest solar installers, Senan Liberia, Inc. in Liberia, Africa Energy Limited in Kenya and Viza Networks Limited in Tanzania.
In reaching these new markets the Company will have access to a combined population of over 257 million people most of whom are living off-grid. The cost of energy in these markets range from $0.12 USD per kWh in Turkey to $0.57 USD per kWh in Liberia making the Company’s SolarMill® a very attractive technology for Governments, Municipalities, Residential and Small business customers as a way to decease the high cost of energy. Many of these countries are using coal for their utility scale energy and diesel generators are widely used for individuals and small business needs.
In many parts of the world distributed energy solutions and technologies are the only way for people living beyond the grid to cost effectively have access to electricity and WindStream’s “Hybrid” SolarMill® products are a very efficient way of providing power and improving the quality of life for these millions of people.
“These new partnerships allow WindStream to reach customers in areas of the world that are energy challenged. We expect that these new distributors will find the same positive reception to the products and achieve the same sales success that our other partners have seen in other territories around the world,” said Dan Bates, CEO of WindStream Technologies.
WindStream’s patented SolarMill® products consist of Vertical Axis Turbines and Solar Panels all controlled by the Company’s proprietary “smart” electronics. SolarMills are easily assembled and installed and are scalable, allowing customers to grow their installation to meet their energy demand. SolarMills are 100% “Made In The U.S.A.” and are being sold to customers all over the world.
About WindStream Technologies: Founded in 2008, WindStream Technologies, a public company (OTCQB: WSTI), is headquartered in North Vernon, Indiana. WindStream Technologies was established to create low-cost hybrid, renewable energy solutions for urban, suburban, and on and off-grid environments. Made in the USA, its patented SolarMill® technology is a distributed energy solution, which produces continuous renewable energy for customers 24/7/365. The company’s products are sold around the world. For more information please visit 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.