From the Wires
BLDW Completes First LED Project and Discusses Research Studies
By: Marketwired .
Feb. 7, 2013 08:21 AM
AUSTIN, TX -- (Marketwire) -- 02/07/13 -- Building Turbines, Inc. (PINKSHEETS: BLDW), a designer and manufacturer of patented, innovative commercial rooftop wind turbine systems, issued a statement today that it has completed the first stage of becoming a full service Green Energy Solution Provider with the successful completion of its first LED sale and installation, through its strategic alliance with ATG-LED.
Also, in response to investor inquiries on The University Research Studies, there have been 6 studies completed: 5 at University of Texas and 1 at Texas State University. These studies, which have been facilitated through the Austin Green Energy Group, have been instrumental in providing cost reductions and product improvements; however, due to the proprietary and competitive nature of the studies, which may be used in future patents, BLDW considers this intellectual property, and has decided to not release the results to the public at this time.
John Graham, CEO of Building Turbines, commented: "This completion of this first LED installation is a true milestone for Building Turbines' efforts to become a full service Green Energy Solution Provider, but is only a start. We are in talks with several other complementary technologies, which we hope to be able to announce in the near future."
About Building Turbines, Inc.
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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.
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