SOURCE: Bulding Turbines, Inc

Bulding Turbines, Inc

September 30, 2014 08:50 ET

Building Turbines Update on Status, Patent's and Current Investments

AUSTIN, TX--(Marketwired - Sep 30, 2014) - Building Turbines, Inc. (PINKSHEETS: BLDW), developer of the patented BT horizontal axis wind turbine (HAWT) and distributor of Energy Saving LED lighting, Solar and Generator Solutions through Green City Planet, a fully owned subsidiary, is pleased to announce the completion of their installation of their latest LED project this month, for a large warehousing facility in Austin, TX. We are also in the process of bidding several very large LED and wind projects, both domestic and international. We are extremely pleased in how our new team is coming together; identifying new opportunities, providing competitive solutions, and actively pursuing and winning, new business; all with the goal of increasing shareholder equity through positive revenue in mind.

Building Turbines is also very pleased to announce receipt of Notice of Allowance for a third patent on its wind turbine system. This third patent (USPTO 13/179,718) is specifically focused on operational safety, which is a core component of the BT design and a critical factor in enabling a widespread adoption of rooftop wind power.

These patents are extremely expensive and time consuming but the Board of Directors believes we must continue to invest heavily in research and development. http://www.google.com/patents/US20130017083

Our need for cash is constant, and we would like to disclose that our CEO has invested an additional $70,000 of his own money in exchange for restricted stock and is in negotiations with a third party for a substantial investment in the company in the very near future. It is obvious that the CEO, John Graham, is dedicated to our Company, as well as our other board members. There is no better way to show their belief and support than investing their own time and money. We are also looking into ways to thank current shareholders for their continued support through direct contact of all on record, or they can contact: investor@buildingturbines.com for details.

About BUILDING TURBINES, Inc.: www.buildingturbines.com
Based in Austin, Texas, Building Turbines, Inc. is focused on the design and manufacture of patented rooftop wind turbines; as well as, vertically integrating into other renewable energy solutions to complete a total Green Energy Solution for any urban environment.

About GREEN CITY PLANET: www.greencityplanet.com
Green City Planet is premier provider of LED lighting, Solar and environmentally sound industrial solutions, and is a wholly owned subsidiary of Building Turbines Inc.

The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

Contact Information

  • For more information:
    Investor Relations:
    Dave Zembek
    E-mail: Email Contact
    615-426-2565