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Tuesday, October 20, 2009 12:31:27 PM
Builders FirstSource Signs MOU With WindTronics
DALLAS, Oct. 20, 2009 (GLOBE NEWSWIRE) -- Builders FirstSource, Inc.
(Nasdaq:BLDR) announced today that it has signed a Memorandum of Understanding
(MOU) to explore a range of strategic opportunities with WindTronics, Inc.
(http://www.windtronics.com), developer of the Honeywell Wind Turbine. The MOU
provides that in cooperation with WindTronics, Builders FirstSource will seek
these opportunities exclusively for the professional building market including
truss design manufacturing for roof-mounted turbines, alternative energy
sourcing and installation, and associated building components as consumers
around the world look for ways to reduce their energy costs and decrease their
carbon footprint.
The Honeywell Wind Turbine design by WindTronics is recognized as a
market-changer in alternative energy, generating up to 20% of the average
family home's electrical consumption. The turbine begins generating electricity
at low wind speeds through its Blade Tip Power System (BTPS), doing away with
the need for a gearbox. WindTronics is scheduled to begin manufacturing
operations in late 2009 and begin selling the product through retailers and
dealers world wide in early 2010. WindTronics was recently awarded the 10 Most
Brilliant Products of 2009: Honeywell Wind Turbine --
http://www.popularmechanics.com/technology/upgrade/4332392.html
"WindTronics has the aggressive goal of putting a wind turbine on every
rooftop," said Brian Levine, VP Business Development & Marketing of
WindTronics. "We are proud to partner with a company like Builders FirstSource
that can help us extend our reach and make investing in alternative energy a
much smoother process for new home buyers and builders."
Floyd Sherman, CEO of Builders FirstSource, said: "We look forward to this
opportunity to serve our customers in the ever-increasing demand for green
energy. Our truss designs, roofing and wall panel packages can help tailor the
turbine to our customers' design envelopes in a seamless construction process.
The WindTronics Honeywell Turbine offers home buyers tangible carbon offsets
that can be integrated into the daily use of their home. We are very pleased to
be working with such an innovative company as WindTronics."
About Builders FirstSource
Headquartered in Dallas, Texas, Builders FirstSource is a leading supplier
and manufacturer of structural and related building products for residential
and commercial construction. The company operates in 9 states, principally in
the southern and eastern United States, and has 55 distribution centers and 51
manufacturing facilities, many of which are located on the same premises as the
distribution facilities. Manufacturing facilities include plants that
manufacture roof and floor trusses, wall panels, stairs, aluminum and vinyl
windows, custom millwork and pre-hung doors. Builders FirstSource also
distributes windows, interior and exterior doors, engineered lumber products,
dimensional lumber and lumber sheet goods, millwork and other building
products. For more information about Builders FirstSource, visit the company's
Web site at www.bldr.com.
CONTACT: Builders FirstSource, Inc.
Media Contacts:
Matt Liska, Vice President, Sales
(803) 518-2473
matt.liska@bldr.com
Dave Snyder, Vice President, Purchasing & National Accounts
(214) 880-3529
dave.snyder@bldr.com
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(END) Dow Jones Newswires
10-20-09 1230ET
12:30 102009
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