Building Turbines Awarded $1M Project for New Solar Carport and LED Retrofit, for Five Story Office Buildings in Austin TX
August 30 2013 - 9:19AM
Marketwired
Building Turbines, Inc. (PINKSHEETS: BLDW) is proud to announce
that through Green City Planet; they have not only introduced a new
Solar product line; but have been awarded their first nearly $1M
lease project, financed through Nsite Investment Group LTD. The
Project includes a complete LED lighting retrofit for a 55,000
sq-ft office building in Austin, TX; as well as, the installation
of a new Solar Parking Garage; with a second 55,000 sq-ft building
to follow shortly after, based on installation results and savings.
The City of Austin completed their final walk through and analysis
of the project this week, which determines the actual rebate amount
that the customer will realize. It is anticipated that the customer
will receive rebates in excess of 20% of the entire project cost,
along with approximately a 30% investment tax credit.
"It is exciting that we can announce the addition of our new
Solar product line, along with this huge first sale. Vertical
integration utilizing LED and now Solar; combined with our patented
wind turbines, have always been the intention of BLDW in becoming a
one stop shop, in providing distributed generation (DG) to save
energy, and reduce operating costs for all commercial buildings in
urban environments. This was the next logical step, with many more
to come, in the implementation our plan of becoming a one stop shop
for Green Energy Solutions. We look forward to signing new
contracts and adding new product lines that will help us grow these
steady revenues, and achieve all of our company goals and
objectives," stated BLDW CEO, John Graham.
About GREEN CITY PLANET: Green City Planet
is premier provider of LED lighting and environmentally sound
industrial solutions, and is a wholly owned subsidiary of Building
Turbines Inc. (PINKSHEETS: BLDW)
About BUILDING TURBINES, Inc. 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.
For more information: Website:
www.buildingturbines.com E-mail: investor@buildingturbines.com
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.
Contact: Investor Relations: Dave Zembek 615 426-2565
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