Tuesday, June 29, 2010 10:29:32 AM
Jun. 29, 2010 (Business Wire) — WINDPOWER INNOVATIONS, INC. (PINK SHEETS: WPNV) announced today that its wholly owned subsidiary, Energetic Drives, LLC., has been unveiled as the “innovation division” of WindPower Innovations.
“We welcome President and CEO of Energetic Drives, Ian K. Griffiths, to our management team,” said WindPower Innovations’ President John E. Myers. “With backgrounds spanning multiple disciplines, Mr. Griffiths and his team of engineers and PHD’s complete the foundation for positioning us as a leading wind power infrastructure and smart grid solutions company, able to cater to every aspect of the wind power industry.”
Energetic Drives’ Grid Tie Inverter software, the subsidiary’s flagship technology, utilizes proprietary algorithms that dramatically increase the range in which sustainable energy sources can deliver a useable 60 Hz AC to the power grid.
“We estimate an increase in efficiency of up to 25%,” says Ian Griffiths. “For example: A traditional wind turbine has to be turning at a sustained rate, generating 1200 to 1800 RPM’s (depending on number of poles per generator), in order to produce useable electricity. Outside of that range, the power is referred to as ‘dirty’ as it is inconsistent and unusable. Our technology allows the wind turbine to be utilized at a constant 120% of the generator rating with our cooling system employed. This proprietary innovation allows ‘clean’ power to be produced over a much wider range of wind speeds throughout, from 30 to 120% of the generators rating. The technology also provides for a consistent flow of clean, synchronized, unity power energy to the grid, compatible with IEEE 519 and 1547 certifications. Not only does it result in greater profitability for the operator, it is a dynamic tool for smart grid compatibility.”
WindPower Innovations, Inc., along with its subsidiaries, Energetic Drives and XH Industries, is on course to become a 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.
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. 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.
Source: Business Wire (June 29, 2010 – 6:33 AM EDT)
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