Queen Creek: Windpower Acquires Energetic Drives

WindPower Innovations, Inc.
June 15, 2010 06:30 AM Eastern Daylight Time
WindPower Innovations, Inc. Acquires Energetic Drives, LLC

QUEEN CREEK, Ariz.--(BUSINESS WIRE)--WINDPOWER INNOVATIONS, INC. (PINK SHEETS:WPNV), today announced it has completed the contract to acquire Energetic Drives, LLC as a wholly owned subsidiary of WindPower Innovations, Inc.

Energetic Drives, LLC is focused on providing highly efficient solutions for the wind power industry using cutting-edge, patented technologies to revolutionize the transfer of power to the grid. Energetic Drives’ proprietary Grid Tie-Inverter will assist the industry in complying with Smart Grid standards for electrical transmission. In addition, Energetic Drives' innovative Direct Drive Generator technology allows optimum power generation over a much broader spectrum of wind speeds with a smaller generator footprint, and with greatly improved MTBF (Mean Time Between Failure) rates. Energetic Drives has also developed a proprietary wind turbine with no gearbox, using DC Permanent Magnetic Generation ranging from 10KW to 1.5MW. All of Energetic Drives’ technologies are engineered for use in new turbines or can be retrofitted to serve existing equipment.

This strategic addition is a key next step towards WindPower Innovations’ fulfilling its commitment to provide next generation solutions designed to minimize downtime, increase profitability for wind farm operators, and assist wind and solar projects to achieve compliance with current and future industry standards, while increasing output and efficiency.

WindPower Innovations, Inc., President and CEO John Myers stated “We, along with our subsidiaries, Energetic Drives and XH Industries, are on course to become the leading energy innovation company, featuring new and more efficient ‘proprietary’ gear box designs, grid tie components and electronics, and improvements of existing equipment to higher than ‘industry’ standards...at lower than ‘industry’ rates. Our name is based on bringing forward thinking innovation into a massive industry. We can fill a huge void and lead our industry in improving the longevity and efficiency of new and existing wind turbines, and provide solutions for wind power infrastructure and smart grid compliance.”

FORWARD LOOKING STATEMENTS: Certain statements in this release and other written or oral statements made by or on behalf of the Company are “forward looking statements” within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management’s expectations, beliefs, plans, estimates or projections relating to them are forward-looking statements within the meaning of these laws. The forward looking statements are subject to a number of risks and uncertainties including market acceptance of the company’s services and projects and the company’s continued access to capital and other risks and uncertainties outlined in its filings with the Securities Exchange Commission, which are incorporated herein by reference. The actual results the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. These statements are based on our current expectations and speak only as of the date of such statements.

Contacts

I RADAR
Investor Relations
Don Griffin, 480-251-1449
i.radar@hotmail.com
Permalink: http://www.businesswire.com/news/home/20100615005629/en/WindPower-Innovations-Acquires-Energetic-Drives-LLC