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Friday, October 15, 2010 11:06:20 AM
WindPower Innovations (OTC) (USOTC:WPNV)
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Today : Friday 15 October 2010
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WINDPOWER INNOVATIONS, INC., (http://www.windpowerinnovationsinc.com/) (PINK SHEETS:WPNV), a wind power infrastructure and smart grid solutions company, today announces it has signed a Letter of Intent (LOI) to form an exclusive working relationship with an established company with “Heavy Lift” capabilities for the massive equipment and parts used for larger, multi-megawatt wind turbines now in service in Oregon.
As a result of talks with Oregon officials regarding efforts to enhance alternative energy job creation, WindPower Innovations has inked a Letter of Intent with a company looking to expand its business to include the wind energy sector. This “Strategic Alliance” would fast track WindPower Innovations’ service capability to repair, refurbish and retrofit the full spectrum of wind power hardware, with a company who is looking to operate and participate exclusively with and through WindPower Innovations.
“The agreement calls for us not to disclose any Confidential Information to outside parties at this time, but we would like to let our current and future investors know that things are moving in an exciting direction,” says John Myers, President and CEO of WindPower Innovations. “Look for more details to follow in the coming months as things progress.”
WindPower Innovations, Inc., is a wind power infrastructure and smart grid solutions company that is continually working on new innovations for wind turbines, wind energy generation and transmission, in addition to the comprehensive maintenance, repair and re-manufacture of existing equipment
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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.
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