Americas Wind Energy Announces Arrival of 900 KW Turbine Components
Americas Wind Energy Corporation (“AWE”
or the “Company”)
(OTCBB: AWNE) declares the arrival of the first components of two
wind turbines in the United States.
The first shipment arrived at the port in Baltimore on December 13,2007. The shipment included rotors, nacelles and generators
destined for the Wind Vision project in St. Ansgar, Iowa, and the Wray
School District project in Wray, Colorado.
The tower components are expected to arrive on December 21, 2007, and
the blades are expected to depart the Netherlands December 21, 2007,
arriving in Baltimore on January 9, 2008.
Erection of these wind turbines is expected in mid-January 2008, with
commissioning to follow immediately thereafter. It is anticipated that
many interested customers and other parties, including elected
officials, will want to see the start-up of AWE’s
direct drive units.
Wind Vision and the Wray School District represent two of the Company’s
target markets (i.e. wind farms and education). Additional activity is
expected in these market segments.
Photos of the arrival and transport of the components, indicating the
size of the components involved, may be seen on the Company’s
web site at www.awewind.com.
About Americas Wind Energy Corp.
AWE is focused on the manufacturing and marketing of medium sized (900
kW) wind turbines for the North American market. AWE’s
strategy is to manufacture as much as possible in North America, with
the intention of providing both cost effectiveness and local content.
All of AWE’s projects to date have made use
of local power converters.
AWE is and intends to remain a virtual manufacturer. This means AWE
plans to subcontract the components of its wind turbines to qualified
manufacturers and manufacturing partners to achieve the best in quality
at the lowest cost. As a key part of the strategy of a virtual
manufacturer, AWE plans to maintain strict quality assurance programs
and quality control procedures for its subcontractors and partners.
If you would like additional information on AWE, please view AWE’s
website at www.awewind.com and AWE’s
listing on the OTCBB, symbol AWNE. For more information, or to join AWE’s
mailing list, please contact the Investor Relations Department by
emailing ir@awewind.com.
Notice regarding Forward- Looking Statements
This press release “contains forward looking
statements” as that term is defined in
Section 27A of the United States Securities Act of 1933, as amended, and
Section21E of the United States Securities Exchange Act of 1934, as
amended. Statements in this press release which are not purely
historical are forward looking statements and include any statements
regarding beliefs, plans, expectations or intentions regarding the
future. Since the forward looking statements relate to future
developments, results or events, these statements are highly speculative
and involve risks, uncertainties and assumptions that are difficult to
assess. You should not construe any of these statements as a definitive
or invariable expression of what will actually occur or result. Such
forward-looking statements in this press release include, among others,
the expectation and/or claim that: (i) the tower components are expected
to arrive on December 21, 2007, and the blades are expected to depart
the Netherlands December 21, 2007, arriving in Baltimore on January 9,
2008; (ii) erection of these wind turbines is expected in mid-January
2008, with commissioning to follow immediately thereafter; (iii) it is
anticipated that many interested customers and other parties, including
elected officials, will want to see the start-up of AWE’s
direct drive units; (iv) additional activity is expected in these market
segments; (v) AWE’s strategy is to
manufacture as much as possible in North America, with the intention of
providing both cost effectiveness and local content; (vi) AWE is and
intends to remain a virtual manufacturer; (vii) AWE plans to subcontract
the components of its wind turbines to qualified manufacturers and
manufacturing partners to achieve the best in quality at the lowest
cost; and (viii) as a key part of the strategy of a virtual
manufacturer, AWE plans to maintain strict quality assurance programs
and quality control procedures for our subcontractors and partners.
Actual results could differ from those projected in any forward-looking
statements due to numerous factors. Such factors include, among others,
(i) timely transportation and delivery of the wind turbine components by
third parties; (ii) receipt by operators of all necessary governmental
permits to erect and commission the wind turbines; (iii) continued
interest of customers in AWE’s direct drive
technology; (iv) continued support from the USDA of energy efficiency
and renewable energy projects; (v) AWE’s
ability to obtain all required parts from suppliers to manufacture wind
turbines; (vi) AWE having enough funding to complete the manufacture of
wind turbines; (vii) AWE’s ability to develop
and maintain relationships with subcontractors and qualified
manufacturers in North America; (viii) AWE’s
ability to manufacture its products in North America cost effectively
and efficiently; and (ix) AWE’s ability to
maintain and update, when and if required, its quality assurance
programs and quality control procedures for its subcontractors and
partners. These forward-looking statements are made as of the date of
this press release and the Company assumes no obligation to update the
forward-looking statements, or to update the reasons why actual results
could differ from those projected in the forward-looking statements.
Although the Company believes that the beliefs, plans, expectations and
intentions contained in this press release are reasonable, there can be
no assurance those beliefs, plans, expectations, or intentions will
prove to be accurate. Investors should consider all of the information
set forth herein and should also refer to the risk factors disclosed in
the Company's periodic reports filed from time to time with the
Securities and Exchange Commission and available at www.sec.gov.
Americas Wind Energy Corporation Darrell Kublick,
Director Investor Relations Investor Relations Department,
416-233-5670 ir@awewind.com www.awewind.com
