NAEG Acquires Proprietary Wind Energy Technology License: Gains Exclusive Rights to U.S. Market and Native American Lands
April 19 2010 - 9:15AM
Marketwired
Native American Energy Group, Inc. (PINKSHEETS: NAGP) ("NAEG" or
the "Company"), an independent energy company, proudly announced
today that they have entered into an exclusive License Agreement
with the private Canadian company, Windaus Energy Inc. ("Windaus")
of Brantford, Ontario for the marketing, sales, and distribution of
Windaus' proprietary, highly advanced, Vertical Axis Wind Energy
Turbines. NAEG will also manufacture Windaus turbines in the U.S.
Since the federal government's pledge to increase renewable
energy's share of the U.S. power supply, the impetus has been much
greater for investment and technological development in the U.S.
renewable energy market. Incentives offered to those building
developers and home owners who incorporate green technology into
their new construction have increased dramatically. In the fast
growing Wind Energy Market that we have today thanks to America's
new commitment to clean and renewable wind energy, NAEG decided it
best to seek an exclusive license on a very broad scale from
Windaus for its high-performance, sustainable wind turbine power
generation technology in order to gain the strongest hold on the
market. Windaus meanwhile sought the correct strategic alliance to
enter the U.S. wind power market and also to gain access to U.S.
Native tribal reservations and lands.
Native American Energy Group's exclusive license agreement,
which represents an improvement over a prior 2007 agreement between
the companies, covers the entire United States, including Alaska
and all Indian lands in the U.S. & Alaska, and it applies to
all wind turbine systems developed by Windaus.
Chief Executive Officer Joseph D'Arrigo commented, "I am aware
that in August 2008, Mayor Michael Bloomberg proposed more
renewable energy in New York City, and so, we at NAEG are
particularly pleased to have signed this License Agreement with
Windaus Energy Inc. We look forward to a long and prosperous
relationship."
At the National Clean Energy Summit, Mayor Bloomberg keenly
suggested, "Perhaps companies will want to put wind farms atop our
bridges and skyscrapers."
"As native New Yorkers, ourselves, we will certainly strive to
be the ones to meet the Mayor's proposals with regard to placing
wind turbines on Manhattan rooftops. With the recent passage of the
U.S. stimulus bill and its various incentives for wind power, we
can see ourselves undertaking to build our own wind power
generation farms, perhaps in partnership with Native tribes from
across the country, as well as off Indian lands," added Mr.
D'Arrigo.
In some areas, inadequate or aging transmission infrastructure
may hamper the delivery of wind power from wind resource-rich
regions to population centers with high energy demand. The Windaus
wind turbines are vertical access turbines that come in various
sizes to accommodate different applications, and that gives NAEG a
competitive edge in these markets. Smaller turbines can be
installed in homes and businesses, making them economically viable
on a national level.
The Inventor of the patented technology and designer of the
turbines, President of Windaus, Mr. Maurice Deschamps, commented on
the value of the collaboration. "I have had a long-standing
relationship with NAEG and I have come to know their unique
capabilities. They have crossed a number of major milestones in
their efforts to achieve their goals. I am excited about leveraging
our collaborative relationships established through this licensing
agreement and the great opportunities for wind energy in
America."
About Native American Energy Group, Inc.
(PINKSHEETS: NAGP) New York-based Native American Energy Group is a
vertically integrated energy resource development and management
company that specializes in Oil, Natural Gas, and Wind Power
Generation Systems. NAEG is in the business of developing its oil
& gas interests in the Williston Basin, coal-bed methane
natural gas (CBM) in the Cook Inlet basin, as well as, developing
and implementing leading edge, wind turbine power generation
technology for the production of clean, cost-efficient energy
throughout the USA including Alaska and all U.S. Indian
reservations. For more information, please visit the Company's
website at: www.nativeamericanenergy.com.
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contain statements that constitute "forward-looking" statements
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CONTACT: Native American Energy Group, Inc. Richard Ross Email
Contact (718) 408-2323