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Building Turbines, Inc. Announces Negotiations With South Plains College at the Reese Technology Center(February 23, 2012)
AUSTIN, TX -- (Marketwire) -- 02/23/12 -- Building Turbines, Inc. (PINKSHEETS: BLDW), a designer and manufacturer of commercial rooftop wind turbine systems and other renewable energy technologies, today announced it has entered into negotiations with South Plains College (SPC) for a wind turbine installation at the Reese Technology Center in Lubbock, Texas.
As part of the agreement, Building Turbines will install a wind turbine unit at the Reese Technology Center, and the turbine unit itself will be used by SPC to further their green technology study curriculum. The company believes this will greatly enhance its ability to secure future contracts as well as to cement contracts already in its pipeline.
John F. Graham, Sr., Building Turbines' CEO, elaborated, "Lubbock, Texas is a windy environment and it helps us to have well-trained technicians educating themselves on our turbines. These are the future installers and maintainers of our equipment for our customers and for certification agencies. We have contracts in place at present, which we believe we can expand by a significant multiple, once our outputs are certified and standardized. We are especially pleased that South Plains College is considering the Building Turbines wind turbine system for their studies and look forward to working with them. What we are accomplishing here is the sharing of our technology and gaining valuable insight from another very high-caliber institution, as we are also working with The University of Texas. I anticipate our working with SPC will greatly accelerate the installation and sales of our turbines."
Greg Miller, Chief of New Business Development, added, "We are proud to synergize with all institutes of higher education retraining American's workforce in the burgeoning wind industry. This is one more example of our commitment to promoting American ingenuity while continuing to refine our product."
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 [email protected].
This press release contains certain statements that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are qualified by the inherent risks and uncertainties surrounding future expectations generally and also may differ materially from actual future experience involving any one or more of such statements. The inclusion of a forward-looking statement herein should not be regarded as a representation by Building Turbines that the company's objectives will be achieved. Building Turbines undertakes no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise.
John F. Graham, Sr.
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