NEWS RELEASE TRANSMITTED BY Marketwired
FOR: WindStream Technologies, Inc.
OTCQB SYMBOL: WSTI
AUGUST 4, 2014
Malaysia Eco-Housing Project to Include Hybrid Solar Wind System
WindStream Technologies SolarMill(R) Hybrid Wind and Solar Energy System to
Power 800 Homes in Sungai Ular, Cherating Pahang, Malaysia
NORTH VERNON, IN --(Marketwired - August 04, 2014) - WindStream Technologies,
Inc. (OTCQB: WSTI) announced today a contract was awarded through its Malaysian
distributor, My WindStream Energy of Kuala Lumpur, to deliver the
company's patented SolarMill hybrid solar and wind system technology for
a new eco-housing project in Sungai Ular, Cherating Pahang, Malaysia. Phase I
of the contract calls for 50 SM2-4P SolarMill units to be delivered in the next
90 days. Subsequent phases of the project are being scheduled to complete the
deployment throughout the 800 home housing complex.
Once completed, the eco-housing project in Sungai Ular, Cherating Pahang,
Malaysia, will be the largest deployment of WindStream's hybrid solar and
wind energy technology in the world. The completed installation's power
generation potential equals greater than 1.6MW's of power annually. Power
generated from the SM2-4P SolarMills will be used onsite and tied to the grid,
reducing the demand for grid-supplied energy while lowering electricity cost
"Sungai Ular sits on the Malaysian coastline facing the South China Sea, a
perfect place to utilize renewable energy solutions like the SolarMill, where
it is windy and sunny 360 days a year," said Mr. Sam Gopal, Managing
Director, My WindStream Energy.
Mr. Kumar Tangirala, President of WindStream South Asia, spearheaded the
project for the Company noting, "As we began discussion with My WindStream
about technology opportunities in Malaysia, it became clear that the countries
'eco' efforts would lead to large-volume sales of SolarMill products.
This is just the first of many projects that My WindStream has identified and
is actively pursuing."
WindStream and its distributor will deliver the Company's 2kW SolarMill,
SM2-4P unit to the project with equipment costs being offset through
Malaysia's Feed-in Tariff of 1RM/kWh or $0.31USD.
In many parts of the world, distributed energy technologies are the only way
for people living beyond the grid to have cost-effective access to electricity.
WindStream's hybrid energy solution SolarMill is a very efficient way of
providing power and improving the quality of life for millions of people living
beyond the grid.
The Sungai Ular announcement by WindStream comes on the heels of last
month's unveiling of the world's largest hybrid solar and wind
rooftop system installation in Kingston, Jamaica supplying 106,000 kWh annually
to the law firm of Myers, Fletcher, and Gordon. View their installation video
WindStream's patented SolarMill products consist of Vertical Axis Turbines
and Solar Panels controlled by the Company's proprietary "smart"
electronics. SolarMills are easily assembled and installed and are scalable,
allowing customers to grow their installation to meet their energy demands.
SolarMills are "Made In The U.S.A." and are being sold to customers
all over the world. Technical information on SolarMills is available by
About WindStream Technologies:
Founded in 2008, WindStream Technologies, (OTCQB: WSTI), is headquartered in
North Vernon, Indiana. WindStream Technologies was established to create a
global low-cost hybrid, renewable energy solutions for urban, suburban, and on
and off-grid environments. Made in the USA, its patented SolarMill hybrid wind
and solar system technology is a distributed energy solution, which produces
continuous renewable energy for customers 24/7/365. Learn more by visiting:
Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995: Certain statements in this press release constitute forward-looking
statements for purposes of the safe harbor provisions under The Private
Securities Litigation Reform Act of 1995. We have based these forward-looking
statements largely on our current expectations and projections about future
events and financial trends that we believe may affect our financial condition,
results of operations, business strategy and financial needs but they involve
risks and uncertainties that could cause actual results to differ materially
from those in the forward-looking statements, such as business and political
conditions in the geographic areas in which we sell our products; weather and
natural disasters; changing interpretations of generally accepted accounting
principles; outcomes of government reviews; inquiries and investigations and
related litigation; continued compliance with government regulations;
legislation or regulatory environments, requirements or changes adversely
affecting the businesses in which we are engaged.
The information set forth herein should be read in light of such risks. You are
urged to consider these factors carefully in evaluating the forward-looking
statements herein and are cautioned not to place undue reliance on such
forward-looking statements, which are qualified in their entirety by this
cautionary statement. The forward-looking statements made herein speak only as
of the date of this press release and the Company undertakes no duty to update
any forward-looking statement to conform the statement to actual results or
changes in the Company's expectations.
FOR FURTHER INFORMATION PLEASE CONTACT:
Investor Relations Department
INDUSTRY: Energy and Utilities - Alternative Energy, Real Estate and
Construction - Construction, Real Estate and Construction - Commercial Real
Estate, Real Estate and Construction - Residential Real Estate, Government -
-0- Aug/04/2014 10:00 GMT
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