WindGen Energy Issues Shareholder Letter
May 03 2011 - 11:53AM
SCOTTSDALE, Ariz., May 3, 2011 (GLOBE NEWSWIRE) --
April 29, 2011
WGEI.OB / WGEI.QB
Dear WindGen Energy, Inc (WGEI) Shareholder:
I am writing to you in order to update you on the progress of
your company. As you are aware we are the exclusive Licensee for a
new small wind turbine technology developed by Wind Sail Receptor,
Inc (WSR) for sales and distribution in the United States, Canada
and the UK and on a non-exclusive basis in the rest of the world
except for Latin America. We intend to offer three different models
of the WSR turbine systems, a small unit with a three foot blade
diameter, a medium size unit with a six foot blade diameter, and a
larger unit with a twelve foot blade diameter. The first of the
three models to be offered will be the six foot blade unit and you
may view this turbine system by going to our Website
www.windgenenergy.com. This unit will be introduced to the
World at the upcoming American Wind Energy Association (AWEA)
International Wind Expo, May 22-25 at the Anaheim, California
convention center.
We feel very privileged that WindGen Energy, Inc. will lead the
sale and distribution of this promising technology given the
current need for renewable energy in the United States and around
the world. Like other alternative energy sources, WindGen
qualifies for tax deductions under the American Recovery and
Reinvestment Act as well as other federal, local government, and
utility rebates. The Company is well positioned to capitalize
on an exponentially growing market for alternative energy.
This current $75,000,000 small wind generating market is expected
to grow worldwide to over 5 billion dollars annually in the next 5
years.
Unique World-Class, Competitive
Technology
Let us share details regarding this technology to which WindGen has
gained exclusive access. We hope you will find this as
exciting as we do. Wind Sail Receptor, Inc., the developer of
this underlying technology, has taken a superior approach to wind
turbine design based on a novel use of a proprietary polyurethane
compound configured in a unique sail-like blade architecture
pioneered by inventor Richard A. Steinke. Mr. Steinke's
technology allows our wind turbines to be smaller, more efficient,
easier and less expensive to install and maintain, while at the
same time having the capability to operate silently in a very wide
range of wind conditions. Mr. Steinke is a graduate of Arizona
University and is a prolific inventor. He holds ten patents and has
successfully developed in excess of 35 commercial products. The
patents involve the processing of urethane systems and
manufacturing techniques, air pollution controls, and wind and
water turbines.
Unlike other wind turbine approaches, these turbines use a 4-blade
architecture, with each blade shaped like the sail of a
sailboat. The unique polyurethane material is both flexible
and durable, enabling the blades to capture the wind from speeds of
less than 5 mph to winds in excess of 50 mph. The competition
is generally confined to operating in winds of 8-35 mph.
Noise has been a real environmental issue in many locations with
the traditional wind turbines operating in the 50-125 decibel
range. Our wind turbines run at a sound level below 10
decibels. (Breathing is 10 decibels.) These highly
efficient blades allow our wind turbines to be mounted on much
shorter towers of 50 feet or less compared to the traditional
200-400 foot wind farm giants. This greatly expands our
potential market.
Host of Practical Advantages
Here are a few of our competitive advantages:
- Polyurethane blades that are much more durable than the
traditional graphite composite blades and are unaffected by the
elements and the ozone (Blades are a major maintenance problem
for the competition.)
- Overall smaller footprint with shorter towers, less weight,
easier installation. The competition's 150 foot blade diameter
weighing 35/50,000 pounds is replaced by a WSR system that has a 30
foot blade diameter and weighs less than 12,000 pounds
- Simple direct drive, eliminating the need for complex, heavy,
high-maintenance gearing (our competitions other Achilles
heel)
- Lower 20-year average kWh cost than the competition
- Compatible with "Net Metering" where users can feed excess
power back into the local power grid and earn income
- Lower maintenance cost
- Best warranty in the industry, extendable to 10 years.
Technology
Validation
It is essential that cutting-edge technology have objective
validation by outside authorities. Independent technical
verification will begin shortly by a prestigious east-coast
University and their Department of Engineering. In addition
testing will occur at a Department of Energy approved wind energy
test facility located in Utah. A demonstration site has been
selected near Wind Sail Receptor's office in Boulder City,
Nevada. The first test unit should be in operation by
June.
Wind Sail Receptor's Approach to Product
Production
WSR has developed a well-organized approach to production to assure
high-quality, rapid-development cycles and overall
competitiveness. They have contracted with GinLong
Technologies Inc (www.ginlong.com) a highly experienced Ningbo
China company that specializes in the development and manufacturing
of wind turbine permanent magnet generators. Their manufacturing
facilities are modern state-of-the-art and have the capability to
meet the growth demands of WGEI. The revolutionary
polyurethane blade component will be manufactured by Wind Sail
Receptor in Southern Nevada.
Sales and Distribution
To launch into the important rural wind turbine market in the
United States central wind belt (our initial marketing objective),
we are joining forces with some excellent partners and
distributorships. We are recruiting the competition's
existing distributors as well as various farm equipment dealers,
such as John Deere, who have a well-established rural network of
dealers throughout America. All have the existing ability to
provide exceptional sales, installation, and maintenance
services. Each distributor will be required to buy at least
one turbine system generating immediate revenue for the company. We
expect to begin taking orders by the end of May with delivery
during July.
Fellow shareholders, we are pleased to share this exciting news
with you and believe the Company's future prospects are very
bright. We look forward to communicating further with you
through press releases, 8K's, and our SEC annual 10K and quarterly
10Q reports. Thank you for your loyalty and
interest.
Kind regards,
Ron Conquest, CEO
Dave Martin, President
WindGen Energy, Inc. "Safe Harbor"
Statement
Certain information included in this communication constitutes
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. All statements,
other than statements of historical facts, including, among others,
statements regarding the performance of our products, business
strategy, projected levels of growth and projected costs, are
forward-looking statements. Those statements include
statements regarding the intent, belief or current expectations of
WindGen Energy, Inc. and members of our management team, as well as
the assumptions on which such statements are based. Forward-looking
statements are not guarantees of future performance and involve
risks and uncertainties so that actual results may differ
materially from those contemplated by forward-looking
statements. Other important factors that may affect the
Company's business, products, results of operations, and financial
condition include, but are not limited to: our ability to sustain
profitability; our ability to respond successfully to technological
change; the availability of services from electrical network/grid
providers or electrical network providers providing grid access
loops and local loops on favorable terms, or at all; failure of
third party suppliers to deliver their products and services on
favorable terms, or at all; and our ability to protect our
intellectual property. For further information or a copy of the
Company's current Private Placement memorandum please contact Black
Arrow Communications, 813-347-7943, blackarrowcomms@yahoo.com, or
info@windgenenergy.com
14550 North Frank Lloyd Wright Blvd • Suite 100 • Scottsdale •
AZ • 85260
Phone 480-991-9500 • Fax 480-248-6791
www.windgenenergy.com • info@windgenenergy.com
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