TOSMO Inc. to Distribute the SolarMill(R) Renewable Energy Platform
NORTH VERNON, IN -- (Marketwired) -- 09/08/14 -- WindStream Technologies, Inc. (OTCQB: WSTI) announced today that it has entered into an agreement with TOSMO Inc. of Japan to distribute its SolarMill® technology throughout the country. The agreement provides TOSMO, a leader in the energy efficient lighting market in Japan, with exclusive representation of WSTI's products in Japan and defines the framework for a collaborative relationship between the companies not just for distribution, but for ongoing technology development and manufacturing.
SolarMill® units have been deployed in Japan for pilots and testing with the first full container of the SolarMill® products scheduled for release at the end of September. Additional shipments are scheduled for December 2014 and commence throughout 2015.
Since the 2011 incident at the Fukushima Nuclear Power Plant and a growing reliance on the importation of fossil fuels, Japan is making a nationwide effort to move to renewable energy resources. Total power from approved renewable energy and distributed generation projects skyrocketed to approximately 6.9GW between 2012 and 2014, growth of greater than 80% year over year. With the introduction of a generous feed-in tariff from the Japanese Government, distributed renewable energy solutions have become a critical component for the Country's energy economy and security. "This agreement brings the WindStream products to a marketplace that is embracing renewable energy as a means of reducing cost, reducing its carbon footprint and securing Japan's energy independence," said Travis Campbell, WindStream's COO.
"TOSMO has recently displayed the SolarMill® at trade shows throughout Japan, including this year's Grand Renewable Energy Show in Tokyo to an overwhelmingly positive response," said Mr. Shigeo Ozawa, CEO of TOSMO Inc. "This is the right product at the right time for our marketplace and we are honored to be working with WindStream Technologies on this exciting venture."
WindStream's patented SolarMill® products consist of Vertical Axis Turbines and Solar Panels, which are controlled by the Company's proprietary "smart" electronics. SolarMill® devices are easily assembled and installed and are scalable, allowing customers to grow their installation to meet their energy demands. SolarMill® products are "Made In The U.S.A.", and are being sold to customers all over the world. Technical information on the SolarMill® is available by visiting http://www.windstream-inc.com/products/solarmill.
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 solution 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: http://www.windstream-inc.com.
About TOSMO Inc.:
For more than twenty years, TOSMO has designed and developed electronic control devices for power stations, medical devices, and automobile applications. TOSMO is also the manufacturer of eneBright, energy efficient induction lighting systems for high bay and aerial lighting use. These systems are 80% more efficient than regular HID lighting systems and have more than 60,000 hours of life. TOSMO also has high power LED lighting systems (starting at 500W), to replace more than 1000W HID lighting systems. TOSMO has worldwide operations, one manufacturing plant with offices in Japan and three other plants in overseas.
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.
Source: WindStream Technologies, Inc.