North Vernon, Indiana is the humble birthplace of what seems to be an up and coming superpower in the Alternative Energies Market. WindStream Technologies, Inc. (OTC: WSTI) is focusing on air or wind driven alternative energy technologies. Selling and marketing SolarMills under the brand names TurboMill and SolarMill, their customer base has now reached international levels. To accommodate this recent and explosive expansion since being founded in 2008, the company has recently announced the signing of a lease for manufacturing facilities in Hyderabad, India.
Funded Through the company’s $2 Million Joint Venture Agreement with West Coast Ventures and the Deepan Group, 50,000 sq/ft will accommodate the primary manufacturing facility whereas an adjacent 10,000 sq/ft space will be used as fabrication space.
Everything in the company’s power is being done to accelerate this process to accommodate their expanding customer base. Already, over 160 units are being shipped to India. Scheduled in January, this timeframe demonstrates the company’s immense desire to expedite this process. Why wouldn’t they? As Dan Bates, Pres. And CEO of WindStream, said, “India is a market of immense potential for any business given its physical size and billion plus population. For WindStream, the opportunity is ever greater owing to the country’s lack of generation capacity, government initiatives and financial incentives to promote distributed energy solutions and remote rural population who live off that grid. In 2012, India’s grid failed and 700 million people, more than twice the population of the US and Canada, were plunged into darkness. The market potential is truly that big.”
The Executive Cabinet is definitely working diligently to make sure that company and their investors are making money, going through every effort to further capitalize on the market. Strategically positioned to take advantage of the State of Maharashtra’s new energy goals, their attendance to the 2014 Argo Vision Renewable Energy Show in Nagpur could prove to be very beneficial. It seems promising that a good portion of the State of Maharashtra’s contracts to meet their energy goals of 2015 could go to Windstream Technologies. That could potentially mean over 1.5 million applications that require solar power.
Well positioned in an up and coming market with almost unlimited expansion potential seems to be a winning combination in general and this company is a great example of that.
Safe Harbor Statement:
Matters discussed in this Editorial contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect” and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the sales of the company’s identity protection software products into various channels and market sectors, the issuance of the company’s pending patent application, and the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
[stock-tools exchange=”NASDAQ” symbol=”WSTI” image_height=”120″ image_width=”200″]