Here is something I found with PMI back a couple of years ago.
June 04, 2015 07:55 ET
CAMARILLO, CA--(Marketwired - June 04, 2015) - Sauer Energy Inc. ("SEI") (OTCQB: SENY), developer of the patented WindCharger® vertical axis wind turbine (VAWT) and manufacturer of the WindCutter®, vertical axis wind turbine, has entered into a Memorandum of Understanding ("MOU") with Probe Manufacturing, Inc., ("PMI") (OTCQB: PMFI) a Nevada corporation, which outlines a mutual agreement to work together to utilize PMI's expertise of designing, engineering and manufacturing for the purpose of creating proprietary electronics.
About Probe Manufacturing
PMI is a Product Development Accelerator supporting startups and venture capital backed companies with Engineering and Manufacturing services from its factory in California as well as factories worldwide. PMI's cross-market segment experience, from Cleantech, medical and instrumentation to aerospace, brings effective solutions to tough technical product development situations. For more information, please visit www.ProbeGlobal.com
"PMI's product development incubation services has been established to engineer and manufacture the next winners and we are excited to assist Sauer Energy in accelerating the productization of their complete energy solution. We believe that SEI is going to be a game changer in the vertical-axis wind power market and we are optimistic that the revenue from this total system solution should result in a lucrative business for both companies," commented Kam Mahdi, CEO of Probe Manufacturing.
"Our connection with PMI is another positive step forward in our vision of building the foundation that offers a more complete energy solution. Both of our teams share the same vision. This MOU facilitates the pursuit of delivering on our strategy to provide total systems for energy independence. Together we can do more and our combined efforts can widen to a very prosperous future," stated Dieter Sauer, President & CEO, Sauer Energy Inc.
The association between both companies has been ongoing for some time and represents a very unique and positive opportunity. The combination of SEI's capability to seize the renewable energy device market and PMI's many talents have formed the foundation. Significant global markets await further developments.
This joint development strategy is intended to be formalized into a full agreement. As a highly regarded engineering and manufacturing contractor, PMI has the capacity to produce accurate cost and time estimates which will play a key role in production. SEI is set to align with PMI for expeditious execution of its projects.
The strategic plan is expected to ignite additional innovative R&D. This MOU is meant to bring SEI's products to a place where intellectual property is well protected. Development talents and resources of both companies drive efficiency while opening new markets.
The collaboration is a strong tactical fit, leveraging the two companies' respective strengths across three main areas:
Sauer Energy and PMI Manufacturing have formed an electronic technology development program that will accelerate and expand SEI's capabilities to market various solutions that require circuit boards;
Both companies are planning to create a relationship in which PMI Manufacturing offers industry-leading solutions that will provide engineering and tested prototypes and SEI intends to patent and license the various products; and,
Both SEI and PMI plan to bring certain assets and resources into this undertaking, begin sales and provide shared customer warranties.
These electronics can clearly translate into long term global sales and become SEI's best case approach to fulfilling the colossal need that is so evident. SEI will hold 100% interest of all that is produced by this enterprise.
