SOURCE: Xzeres Wind Corp.

August 26, 2010 09:00 ET

XZERES Wind Corp. Hires Frank Greco as Chief Executive Officer

WILSONVILLE, OR--(Marketwire - August 26, 2010) - XZERES Wind Corporation (OTCBB: XWND) announced today that it has named small wind icon and industry veteran, Frank Greco, to be its Chief Executive Officer and a member of the Board of Directors.

Frank Greco comes to XZERES Wind Corporation with substantial small wind industry success and experience as part of his 34+ years in leadership roles for small and medium size companies in manufacturing, technology and high growth businesses. He brings hands on experience in Operations, Material Planning, Marketing & Sales, Plant Engineering and Human Resources. Mr. Greco will be responsible for all aspects of XZERES Wind Corp.'s business and his initial focus will be on domestic and global sales growth, product portfolio expansion and optimization of products and channels. Most recently, from April 2004 to March of 2010, Mr. Greco was Chief Executive Officer and a Director of Southwest Windpower Inc., where he successfully positioned the company for its next level of increased business and brought the organization to industry leadership status. Additionally, while at Southwest Wind Power, Mr. Greco led the launch of 2 new product platforms, successfully re-engineered the company into new facilities and markets, established EU Operations and a China Joint Venture, as well as led the effort to successful achievement of international and domestic patents and trademarks.

Mr. Greco stated, "I am very excited about the opportunity at XZERES Wind Corp. It is a highly talented, dedicated and forward-thinking organization. In addition, it is advantageous to be working with a very proactive and supportive Board of Directors. From its early beginnings in February of this year through today, it has already achieved significant strides in building the Company and will continue to do so in the near term and far into the future. I am honored to join this great organization and be able to leverage my wind and leadership experience and work shoulder to shoulder with a fantastic team with superior products as we continue to embark on our expansion of product offerings, along with our domestic and global sales expansion."

According to David N. Baker, XZERES' Chairman, "We are elated to have Frank join the Company's executive team as Chief Executive Officer and as a member of our Board. Frank has a proven track record of success in the small wind power systems industry, including within the product range in which XZERES is focused. The Board and executive team has had the opportunity and pleasure to get to know Frank over the last couple of months. Frank has all of the experience, skills, expertise and leadership to enable XZERES Wind Corp. to become one of the most successful small wind power systems companies in the industry. Frank is arguably the most valuable executive in the entire small wind industry. We are thrilled to have Frank leading XZERES Wind Corp."

About XZERES Wind Corp.

XZERES Wind Corp. designs, develops, manufactures and markets distributed generation, wind power systems for the small wind (2.5kW-100kW) market. Our grid connected and off grid wind turbine systems, which consist of our 2.5kW and 10 kW devices and related equipment, are utilized for electrical power generation for applications and markets such as residential, micro-grid based rural electrification, agricultural, small business, rural electric utility systems, as well as other private, corporate infrastructure and government applications. Our wind power systems are focused on distributed energy, where a specific machine's energy output is largely or entirely used on-site where the equipment is installed, as well as grid connected applications. While many of our customers take advantage of their local net-metering rules within the United States and Feed In Tariffs that are often available in Europe and Internationally (to sell power back to the grid), our wind power systems are not dependent on transmission needs to carry the energy produced to another location. For more information please see the Company's web site at www.xzeres.com

Contact Information

  • Company Contact:
    Tina Mortensen
    XZERES Wind Corp.
    (503) 388-7331