Building Turbines, Inc. Is Pleased to Share Its Latest Corporate Update on Current and Proposed Future Events
August 09 2012 - 8:30AM
Marketwired
Building Turbines, Inc. (PINKSHEETS: BLDW)
Since its inception, Building Turbines, Inc. has been heavily
engaged in Research & Development activities in order to ensure
the company produces the highest quality product possible. The
company's efforts have been focused on increasing wind turbine
efficiency, cost engineering, and design and structural
engineering. The improved product resulting from these efforts is
expected to produce more power at a lower cost, yielding an
appealing ROI to the customers. At the same time the company has
continued new business development efforts while also strengthening
relationships with the current clients and prospective clients.
The following summarizes some important developments since the
company's last shareholder update. The company expects to be
releasing a good deal of additional information in the near future
as it becomes available to keep the shareholders and constituents
informed during this very important time for the company's business
development and strategic goals. Through ongoing efforts to
maintain the highest level of transparency, it is the company's
intention to provide valuable insight of how the company is being
run.
- The USPTO (United States Patent and Trademark Office) issued a
Notice of Allowance for a second patent on the Building Turbines
system. This latest patent affirms the Building Turbines value
propositions within the renewable energy market, and final issuance
should be within a matter of days from this update.
- Building Turbines, in partnership with Austin Green Energy
Group and the University of Texas recently completed its fourth
R&D study. This study focused on aerodynamics and mechanical
design. Three scale prototypes were built and wind tested with
permission from TxDot at their facility near Austin. The results
are extremely positive; a full report will be completed within the
next 2 weeks.
- A full scale turbine based on the aforementioned R&D work
is already under development on the Building Turbines HQ rooftop in
Austin. The new design will take advantage of the same aerodynamic
principles as current design and patents, but is expected to bring
higher efficiency at a lower cost of material, and better enable
product diversification with ranges of unit sizes that will expand
the potential market.
- A new, specialized direct-drive electrical generation system
specifically suited to the Building Turbines design is under
development, with a goal of expanding power output ranges into
lower startup speeds, higher peak power generation, and increasing
overall Kilowatt Hours produced by the turbine.
- Building Turbines has been collecting wind data from 21Rio, a
luxury 21 floor residential building in downtown Austin. Recently,
AGEG and UT have also become involved with this important effort.
The data indicates that the wind power potential is promising, and
we expect to submit final proposals in the next several weeks.
Installation of the Building Turbines systems will be a highly
visible landmark that demonstrates 21Rio's well-known commitment to
environmental responsibility, and further the awareness of the BT
product within view of a major metropolitan area.
- Building Turbines has a pending contract for four additional
cities, with a current retail client, who presently has Building
Turbine units installed in Corpus Christi. The Corpus Christi
installations, in place for just over a year, have been especially
valuable in determining system reliability factors and areas for
improvement. These units have endured harsh coastal and tropical
climatic conditions, including tropical storm conditions and have
performed extremely well. Building Turbines plans to replace these
turbines with its latest version to demonstrate to our customers
our level of commitment.
"I believe that distributed generation (DG) will transform our
world, creating power for our world in an unprecedented way, we
continue to complement solar and moving towards the complete green
roof solution for an urban environment," says John Graham, CEO.
Building Turbines: Helping Save the Planet one rooftop at a
time.
About Building Turbines, Inc.
Based in Austin, Texas, Building Turbines, Inc. is a renewable
energy company focused primarily on designing, manufacturing and
deploying revolutionary rooftop mounted horizontal-axis wind
turbines. For more information visit their website at
www.buildingturbines.com, or email them at
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.
Contacts: John F. Graham, Sr. CEO 512-206-4205 Email Contact
Investor Relations Gabe Rodriguez 623-255-5750
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