AUSTIN, TX -- (Marketwire) -- 02/21/12 -- Building Turbines, Inc. (PINKSHEETS: BLDW), a designer and manufacturer of commercial rooftop wind turbine systems and other renewable energy technologies, today announced it is in negotiations with a major national retailer to sell and install its horizontal-axis turbines atop four different stores in several cities across the state of Texas. To date Building Turbines has installed turbines in Austin and Corpus Christi.
The company announced in January that it's also in discussions with 21 Rio, a luxury residential high rise located in the west campus of The University of Texas at Austin. Building Turbines officials believe these and other contract negotiations, should they come to fruition, could contribute meaningfully to reaching the company's growth goals for 2012.
Building Turbines CEO John F. Graham, Sr. said, 'We are currently undergoing specific measurements and evaluations of our turbines which we believe, when completed over the next few weeks, will provide the necessary information our prospects are seeking to finalize our contract negotiations.'
Building Turbines is producing data on how its turbines respond under varying conditions through a certification process with Intertek Testing Services. Graham said equipment measurement and certification will give potential customers a more sophisticated analysis of turbine energy production over the long term and provide them with the confidence to move forward with a viable green energy alternative. 'Having an official certification process should help shorten sales lead times and help us close on business we have been pursuing around the state,' said Mr. Graham.
Greg Miller, Chief of New Business Development, added, 'We are proud to be at a point in our development where we can demonstrate to official value parameters that our equipment provides building owners. We aim to be not just an ancillary product manufacturer that helps reduce electrical costs, but a company that provides complete, renewable energy solutions to our customers that not only compete with conventional technologies, but win toe-to-toe.'
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@example.com.
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.