SOURCE: Xzeres Wind Corp.

November 10, 2010 12:38 ET

XZERES Announces Release of WindRx Renewable Energy Analytical Platform

WILSONVILLE, OR--(Marketwire - November 10, 2010) - XZERES Wind Corporation (OTCBB: XWND) announced today the release of its new web-based analytical tool, called WindRx™. Designed to provide a comprehensive site assessment and financial review, WindRx™ is used to quickly assist potential customers with the purchasing decision of an XZERES wind turbine system. WindRx™ uses the best wind data available today combined with a custom financial analysis for a particular installation. The tool integrates wind resource data, energy production data based on specific site characteristics, government incentives (state and federal), and financing options to generate a detailed economic return profile for customers. It has the capability to perform "what if scenarios" that tailors to most customers' situations. WindRx™ will generate a report that shows key decision parameters such as out of pocket cost, payback period, and net savings over the life of the equipment. The report will also provide a detailed review of yearly cash flows, site specific information, monthly energy production of the wind turbine system, and return on investment (NPV, IRR).

According to XZERES CEO, Frank Greco, "WindRx™ is a powerful tool, designed and developed for ease of use. We are pleased to introduce this exciting application that greatly enhances a customer's ability to make an informed decision when making a long-term investment in a small wind power system. Our financial model combined with your site characteristics and a XZERES turbine choice will give you the information you need to make the right decision."

WindRx asks the important questions our customers need to understand as they educate themselves about their sustainable choices. Does wind make economic sense for a particular site location? What does it cost? What federal and state incentives are available? Does our customer's site location have the right wind resource? What does a feed-in tariff mean? How much energy will it give me and at what cost? Is Wind Energy a smart investment for me? WindRx™ makes small wind energy information more easily accessible. With a few simple questions answered, the tool educates the buyer in just a few minutes, allowing them to leave with information they need to make the right decision. Additionally, as a web-based tool, an XZERES certified seller will have this tool in the field, at any time with internet access. 

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

Forward-Looking Statements

Statements about XZERES Wind Corp's expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Securities Litigation Reform Act of 1995. XZERES Wind Corp's actual results could differ materially from expected results. XZERES Wind Corp undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release; XZERES Wind Corp will appropriately inform the public.

This press release includes statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act"). XZERES Wind Corp claims the protection of the safe-harbor for forward-looking statements contained in the Reform Act. These forward-looking statements are often characterized by the terms "may," "believes," "projects," "expects," or "anticipates," and do not reflect historical facts. Specific forward-looking statements contained in this press release include, but are not limited to: our successful development and deployment of ethanol production facility or facilities, impact of the company's expansion plan, and new business development success, future financial results, the impact of competitive products or pricing from technological changes, the effect of economic conditions and other uncertainties. The forward-looking statements contained herein involve risks and uncertainties that could cause actual results to differ materially from the expectations contained in any such forward-looking statements. These risks include, but are not limited to: failure to manage operating expenses or integrate new facilities and/or technologies, each of which could have a material impact on our business, our financial results, and the company's stock price. These risks and other factors are detailed in the Company's regular filings with the U.S. Securities and Exchange Commission. Most of these factors are difficult to predict accurately and are generally beyond the Company's control. Forward-looking statements speak only as to the date they are made and XZERES Wind Corp. 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

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