Building Turbines News today BLDW Building Turbin

Building Turbines News today BLDW

Building Turbines, Inc. in Contract Negotiations for Multiple Rooftop Wind Turbine Installations
MarketwirePress Release: Building Turbines, Inc. 

AUSTIN, TX--(Marketwire -02/21/12)- Building Turbines, Inc. (Pinksheets: BLDW.PK - News), a designer and manufacturer of commercial rooftop wind turbine systems and other renewable energy technologies, today announced it is in negotiations with a major national retailer to sell and install its horizontal-axis turbines atop four different stores in several cities across the state of Texas. To date Building Turbines has installed turbines in Austin and Corpus Christi.

The company announced in January that it's also in discussions with 21 Rio, a luxury residential high rise located in the west campus of The University of Texas at Austin. Building Turbines officials believe these and other contract negotiations, should they come to fruition, could contribute meaningfully to reaching the company's growth goals for 2012.

Building Turbines CEO John F. Graham, Sr. said, "We are currently undergoing specific measurements and evaluations of our turbines which we believe, when completed over the next few weeks, will provide the necessary information our prospects are seeking to finalize our contract negotiations."

Building Turbines is producing data on how its turbines respond under varying conditions through a certification process with Intertek Testing Services. Graham said equipment measurement and certification will give potential customers a more sophisticated analysis of turbine energy production over the long term and provide them with the confidence to move forward with a viable green energy alternative. "Having an official certification process should help shorten sales lead times and help us close on business we have been pursuing around the state," said Mr. Graham.

Greg Miller, Chief of New Business Development, added, "We are proud to be at a point in our development where we can demonstrate to official value parameters that our equipment provides building owners. We aim to be not just an ancillary product manufacturer that helps reduce electrical costs, but a company that provides complete, renewable energy solutions to our customers that not only compete with conventional technologies, but win toe-to-toe."