NORTH VERNON, IN — (Marketwired) — 06/08/15 — WindStream Technologies, Inc. (OTCQB: WSTI) (“WindStream” or the “Company”) announced today that it is now making its hybrid wind and solar renewable energy device, the SolarMill®, available to the general public. This decision comes in response to the overwhelming interest in the Company’s products from potential customers all over the country looking to buy the SolarMill® as a way of off-setting energy costs and reducing their carbon footprint. Historically, WindStream has focused on markets where energy is expensive, or where the electrical grid is inconsistent or non-existent. While the Company maintains this remains its core objective, it now looks to provide its technology to users in the U.S. “This is an exciting step for WindStream as we grow the business in our own backyard. Now, we can proudly say that the SolarMill® is not only designed and manufactured but sold in the USA,” said Dan Bates, CEO of WindStream Technologies. “We previously made our products available in the U.S. on a very limited basis and as custom installations. This opens up a whole new market for WindStream,” added Bates.
WindStream has set up a My SolarMill® web page and is currently taking orders and fielding inquiries about the product. More information on the SolarMill® can be found at: https://www.windstream-inc.com/my-solarmill.
The Company will offer the SolarMill® SM1-3P model as a complete package including inverter. The unit sells for $3,125 and under an “early adopter” promotional program; WindStream will provide the customer with a $200 dollar installation credit for their local installer. This credit is designed to not only reduce the cost of ownership but further attract new distributor channels for the Company. An SM1-3P is rated at 1.2kW’s and will produce from between 112 kWh’s to 135kWh’s a month, depending on the available wind and solar resources. Multiple units can be easily connected to add more power generation.
The Company is looking to add to its installer and distributor network throughout the Country and seeking qualified partners to assist in the growth of the business. Interested partners or potential customers can email the Company at: email@example.com or call: 855-872-6645 ext 700.
This launch comes at a very busy time for WindStream as it is officially launching its products in India and commissioning its new factory in a ceremony to be held on June 10th in Hyderabad, India.
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 that is always available. The Company’s products are sold globally. For more information please visit www.windstream-inc.com.
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. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect” and “intend,” among others. 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.
Investors should read the risk factors set forth in the Annual Report on Form 10-K/A filed with the SEC on April 22, 2015 and future periodic reports filed with the Securities and Exchange Commission. 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.