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Thursday, March 12, 2009 1:33:45 PM
Added AWNE today~ Chart and news:
Americas Wind Energy Corporation Announces the Completion of Agreement with EWT- Americas Inc.
Americas Wind Energy Corporation (“AWE” or the “Company”) (OTCBB: AWNE) announces the completion of an agreement with EWT- Americas Inc. (EWT) for the exclusive sales and manufacturing rights to the Canadian, United States, Mexican and related territory markets (the “Territory”).
AWE had acquired the exclusive license for the Territory along with the non-exclusive license for Central and South America and the Caribbean from Emergya Wind Technologies B.V., of the Netherlands, to sell and manufacture the Direct Wind 750kW and 900kw mid-sized direct drive wind turbines in 2004.
AWE has issued an exclusive sub-license of these rights to EWT-Americas Inc., an affiliate of Emergya Wind Technologies B.V. and a wholly-owned subsidiary of Emergya Wind Technologies Holdings B.V., a Dutch-based manufacturer and supplier of wind turbines and turnkey wind parks. Emergya B.V. specializes in the development and manufacture of advanced direct-drive (gearless) wind turbines.
The terms of the transaction include:
AWE sub-licensed to EWT- Americas its existing exclusive rights to market in the Territory and the exclusivity of the original license was simultaneously amended to be a non-exclusive license.
EWT- Americas will be the exclusive manufacturer & supplier of EWT wind turbines in the Territory.
AWE can not compete with EWT-Americas in the Territory and any market that AWE previously had rights under a non-exclusive license.
AWE will receive a sublicense fee based on a percentage of EWT-Americas business with a predetermined list of present and potential AWE customers in the Territory. The fee, to a maximum amount of $28 million, is payable over the next 5 years beginning immediately.
AWE views EWT-Americas’ commitment to the Territory as a very positive development, consistent with the new US administration’s pledge to increase renewable energy’s share of US power. AWE plans to continue to participate in other sectors of the renewable energy industry, aided by positive cash flow from this deal, a strong balance sheet, and a commitment to growth through mergers or acquisitions. AWE considers the opportunities in the renewable energy industry to be very attractive.
Americas Wind Energy Corporation Announces the Completion of Agreement with EWT- Americas Inc.
Americas Wind Energy Corporation (“AWE” or the “Company”) (OTCBB: AWNE) announces the completion of an agreement with EWT- Americas Inc. (EWT) for the exclusive sales and manufacturing rights to the Canadian, United States, Mexican and related territory markets (the “Territory”).
AWE had acquired the exclusive license for the Territory along with the non-exclusive license for Central and South America and the Caribbean from Emergya Wind Technologies B.V., of the Netherlands, to sell and manufacture the Direct Wind 750kW and 900kw mid-sized direct drive wind turbines in 2004.
AWE has issued an exclusive sub-license of these rights to EWT-Americas Inc., an affiliate of Emergya Wind Technologies B.V. and a wholly-owned subsidiary of Emergya Wind Technologies Holdings B.V., a Dutch-based manufacturer and supplier of wind turbines and turnkey wind parks. Emergya B.V. specializes in the development and manufacture of advanced direct-drive (gearless) wind turbines.
The terms of the transaction include:
AWE sub-licensed to EWT- Americas its existing exclusive rights to market in the Territory and the exclusivity of the original license was simultaneously amended to be a non-exclusive license.
EWT- Americas will be the exclusive manufacturer & supplier of EWT wind turbines in the Territory.
AWE can not compete with EWT-Americas in the Territory and any market that AWE previously had rights under a non-exclusive license.
AWE will receive a sublicense fee based on a percentage of EWT-Americas business with a predetermined list of present and potential AWE customers in the Territory. The fee, to a maximum amount of $28 million, is payable over the next 5 years beginning immediately.
AWE views EWT-Americas’ commitment to the Territory as a very positive development, consistent with the new US administration’s pledge to increase renewable energy’s share of US power. AWE plans to continue to participate in other sectors of the renewable energy industry, aided by positive cash flow from this deal, a strong balance sheet, and a commitment to growth through mergers or acquisitions. AWE considers the opportunities in the renewable energy industry to be very attractive.
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