SOURCE: WindStream Technologies, Inc.

WindStream Technologies, Inc. Logo

October 30, 2014 07:00 ET

A Global Opportunity: WindStream Third Quarter Report

NORTH VERNON, IN--(Marketwired - October 30, 2014) - WindStream Technologies (OTCQB: WSTI)

Topics Covered:

  • Released our new corporate video;
  • Commissioned the world's largest, hybrid renewable energy system in an urban setting in Kingston;
  • Continued shipment of SolarMill® products to Jamaica in fulfillment of orders;
  • Signed a new distribution agreement with Tosmo, Inc. in Japan;
  • Released our new technology, "the MobileMill™";
  • Raised significant investment capital for the company;

We are happy to introduce our new corporate video introducing WindStream Technologies to a wider audience. Please feel free to share this link with your friends and colleagues: http://www.windstream-inc.com/about-windstream/overview

In August, WindStream commissioned the largest, hybrid renewable energy system in the world, in an urban setting, in downtown Kingston, Jamaica on the rooftop of the prestigious law firm Myers, Fletcher, and Gordon. This system of SolarMill® products will deliver a return on the MFG investment in less than 4 years, return approximately $2,000,000 in energy savings over the life of the project, and offset CO2 emissions of nearly 80,000 pounds of coal burned. The system was formally commissioned on July 10 and you can view a video of the event online at: http://www.windstream-inc.com/installations/myers-fletcher-gordon

The summer of 2014 saw the Company continue shipping its products to Jamaica through our relationship with Jamaica's utility company, Jamaica Public Service Company (JPS). The products sold to JPS include the SolarMill®, batteries, inverters and UPS' (Uninterruptable Power Supplies) all of which are being delivered to JPS customers through their retail presence at their eSTORES and direct sales. The products are finding a very receptive audience in Jamaica and WindStream is looking forward to continuing to deliver against its $22MM in sales orders and expand its relationship with JPS.

WindStream announced a new distribution agreement this past quarter with our partners Tosmo Inc. in Japan. The Japanese renewable energy market is rapidly expanding as it adopts the use of clean energy resources as a means of reducing its dependence on foreign imports of fossil fuels. This increased interest in renewable energy comes as Japan moves away from the use of nuclear energy in the wake of the Fukushima disaster. This agreement allows Tosmo to exclusively represent WindStream Technologies in Japan and the first container of SolarMill® products has already arrived in the market. Tosmo is currently securing all of the needed certifications and approvals for the product's distribution and sale in Japan in order to take advantage of the government's generous feed-in-tariff program supporting the adoption of renewable energy solutions. More about this new distribution agreement can be found here: http://ir.windstream-inc.com/press-releases/detail/124/

Another major milestone for WindStream was the completion and release of the Company's new technology, "the MobileMill™." The MobileMill™ is a new product line for the Company that is designed to meet the needs of the "first responder" community around the world. By providing a self-contained solution for the rapid deployment of renewable energy generation and "command and control" operations, the MobileMill™ will not only speed up the deployment of operations for the men and women who serve on the front line of disaster relief but will also assist in the saving of lives of those who have been affected by these tragedies. The MobileMill™ currently contains 4KW of renewable energy generation, 18KW of battery storage and redundant generation with the use of an onboard generator or grid access when available. The system is controlled through WindStream's smart electronics. You can learn more about the MobileMill™ and view a video of the product in use here: http://ir.windstream-inc.com/press-releases/detail/154/

Q3 also saw significant investment capital come into the Company. The end of September saw a total of approximately $1,150,000 dollars of investment capital in a blend of equity and convertible notes come into the Company. This capital is being deployed to purchase raw materials for product delivery and continued sales and marketing. Additionally, WindStream is proud to announce that it successfully negotiated and closed a $3.5 million dollar round of funding, the proceeds of which will enable the Company to rapidly expand its presence around the world as it leverages its first-to-market leadership position in the hybrid renewable energy space.

As you see, this was a very busy and successful quarter for the Company and the fourth quarter looks to be even more so. We see continued positive growth and opportunity for WindStream in India, the Philippines, Africa, Latin America and the Middle East members of the Gulf Cooperation Council. In the coming months, the Company expects to complete negotiations for the terms of distribution deals based on successful pilots in each of these countries and expects to see the conclusion of these negotiations in the final quarter of the year.

The final months of the year will see WindStream continue to deliver its products around the world, expand upon and improve its existing technology and add to its team of men and women who are committed and passionate about building new products and providing new services for the energy-challenged markets of the world. Looking beyond 2014, next year will be an exciting time for WindStream and we will keep you, our trusted shareholders, informed of all the good things that are happening as we grow the business.

Thank you all for your support.

Sincerely,

Dan Bates
Founder and CEO

About WindStream Technologies: Founded in 2008, WindStream Technologies, a public company (OTCQB: WSTI), is headquartered in North Vernon, Indiana. WindStream Technologies was established to create low-cost hybrid, renewable energy solutions for urban, suburban, and on and off-grid environments. Made in the USA, its patented SolarMill® technology is a distributed energy solution, which produces continuous renewable energy for customers 24/7/365. The company's products are sold around the world. For more information please visit www.windstream-inc.com.

Forward-Looking Statements

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Certain statements in this press release constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs but they involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, such as business and political conditions in the geographic areas in which we sell our products; weather and natural disasters; changing interpretations of generally accepted accounting principles; outcomes of government reviews; inquiries and investigations and related litigation; continued compliance with government regulations; legislation or regulatory environments, requirements or changes adversely affecting the businesses in which we are engaged.

The information set forth herein should be read in light of such risks. You are urged to consider these factors carefully in evaluating the forward-looking statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. The forward-looking statements made herein speak only as of the date of this press release and the Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.

Contact Information