Americas Wind Energy Corporation (“AWEC” or the “Company”) (OTCBB:AWNE) announces recent activities in the market for wind turbines installed by educational institutions in the United States and Canada, one of AWEC’s target markets.
- An AWE 54-900 kW wind turbine is currently being delivered to Wray, Colorado for installation in January 2008 at the Wray RD2 School District. The wind turbine will be connected to the Wray municipal grid and, in addition to producing clean renewable power, will provide students at the Wray school a first hand opportunity to be exposed to wind technology.
- AWEC recently responded to a request for quotation for the installation of an AWE 900 kW wind turbine on the campus of The Cape Cod Community College in Sandwich, Massachusetts. The College hopes to install the wind turbine in late 2008.
- As part of its final due diligence, a delegation from the University of Illinois recently visited AWEC representatives in Toronto to view the AWE 750 kW wind turbine installed on the Toronto waterfront. The University plans to install three AWE 900kW wind turbines on a wind farm on the south campus of the University of Illinois in Champaign-Urbana, Illinois.
- AWEC responded to a request for quotation by the University of Maine Presque Isle campus for the installation of an AWE 900 kW wind turbine for research and development, educational and revenue producing purposes.
- A proposal has been prepared for Oakland University in Michigan for the installation of two AWE 900 kW wind turbines for revenue and educational purposes.
AWEC believes that many similar opportunities exist in educational institutions in the United States and Canada and that the direct drive AWE 900 kW wind turbine is ideally suited for this purpose. The Company is pleased with what it can offer the Education Market and expects more opportunities to present themselves in the near future.
About Americas Wind Energy Corp.
AWEC is focused on the manufacturing and marketing of medium sized (900 kW) wind turbines for the North American market. AWEC’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 AWEC’s projects to date have made use of local tower manufacturers.
AWEC is and intends to remain a virtual manufacturer. AWEC 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, AWEC plans to maintain strict quality assurance programs and quality control procedures for its subcontractors and partners.
If you would like additional information on AWEC, please view AWEC’s website at www.awewind.com. For more information, or to join AWEC’s mailing list, please contact the Investor Relations Department by emailing ir@awewind.com.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E 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 include, among others, the expectation and/or claim, as applicable, that (i) the wind turbine will be connected to the Wray municipal grid and, in addition to producing clean renewable power, will provide students at the Wray school a first hand opportunity to be exposed to wind technology; (ii) the College hopes to install the wind turbine in late 2008; (iii) the University plans to install three AWE 900kW wind turbines on a wind farm on the south campus of the University of Illinois in Champaign-Urbana, Illinois; (iv) AWEC believes that many similar opportunities exist in educational institutions in the United States and Canada and that the direct drive AWE 900 kW wind turbine is ideally suited for this purpose; (v) the Company is pleased with what it can offer the Education Market and expects more opportunities to present themselves in the near future; (vi) AWEC’s strategy is to manufacture as much as possible in North America, with the intention of providing both cost effectiveness and local content; (vii) AWEC is and intends to remain a virtual manufacturer; (viii) AWEC 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 (ix) as a key part of the strategy of a virtual manufacturer, AWEC 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) the ability of AWE to negotiate profitable contracts with educational institutions; (ii) the acceptance of AWEC proposals by the various educational institutions; (iii) continued interest in, and available funding for, wind technology from the educational institutions; (iv) AWEC’s ability to manufacture wind turbines that continue to meet the needs of educational institutions; (v) AWEC’s ability to develop and maintain relationships with subcontractors and qualified manufacturers in North America; (vi) AWEC’s ability to manufacture its products in North America cost effectively and efficiently; and (vii) AWEC’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 news 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