WindTamer Corporation Announces the Installation of Its First Power on Demand Energy Storage and Power Management System - Innovative System Will Utilize Wind and Solar Energy & Proprietary Smart Monitoring Technology to Lower Peak Power Demand and Reduce Energy Costs
ROCHESTER, N.Y., Feb. 7, 2011 /PRNewswire/ -- WindTamer Corporation ("WindTamer" or the "Company") (OTC Bulletin Board: WNDT) announced today that its first Power on Demand energy storage and power management system, designed to lower peak energy demand, is now installed and operational at Advanced Glass Industries. Advanced Glass Industries operates a 35,000 square-foot facility in Rochester, New York and is one of the world's largest suppliers of precision machined and molded optical glass blanks.
Together with WindTamer's mobile Renewable Energy Trailer developed for military applications, the commissioning of the first Power on Demand system extends WindTamer's reach into the rapidly developing energy storage and power management sector and also marks the Company's increasing utilization of solar energy in its mix of product offerings.
Power on Demand is a proprietary patent-pending system that is designed to utilize energy inputs from multiple sources together with a custom-designed battery storage bank to reduce grid demand and provide power when customer loads are high, thereby smoothing power demand on the grid and lowering electricity costs to the customer. The energy can be generated from renewable sources such as wind and solar and also from fuel cells and the grid itself, depending on the available energy resources at a given site. Each Power on Demand system is custom designed by WindTamer's engineers with options to blend in renewable energy inputs to best utilize the resources at the customer's location.
The system is designed to include a proprietary 'smart monitoring' technology developed by WindTamer that, among other things, monitors the power usage of the site in real-time and determines when to release energy from the battery system so as to optimize the battery life and maximize the value of the overall system to the customer.
The Power on Demand system designed for and operating at Advanced Glass Industries' manufacturing facility integrates one WindTamer 8.0GT wind turbine, 3Kw of solar energy, 182kWh of usable energy storage and more than 100kW of power distribution capability. The system architecture was developed to reduce peak demand by offsetting peak energy costs. Renewable energy sources provide supplemental power to building loads and battery-based energy storage was implemented to handle peak loads that require additional power.
Mark Matthews, WindTamer's Vice President of Sales and Marketing and one of the designers of the Power on Demand system, said that, "We are extremely pleased to have installed and commissioned our first Power on Demand system, and we are especially excited about the impact this will have on WindTamer's sales prospects going forward. By having this system operating at a customer facility we are now in a position to demonstrate in a real-world setting the superior return on investment Power on Demand can provide for both wind and solar installations."
Mr. Matthews added that, "Our engineering team has also done an excellent job of keeping the Power on Demand system modular, scalable and flexible so that we will be able to offer a solution that accepts renewable energy inputs based on the available renewable resources at a given location and then customize the system for optimal savings."
WindTamer's CEO William Schmitz said, "It would be difficult to overestimate the significance of the commissioning of this system for our Company and its shareholders. As I have previously stated, we see Power on Demand as a major driver of our growth in 2011 and beyond. This product expands our potential customer base exponentially because it dramatically reduces the payback period to the customer, which makes Power on Demand an extremely attractive value proposition to a much wider variety of large energy users who deal with peak usage pricing."
Mr. Schmitz added that he expects some of the larger Power on Demand systems in the sales pipeline will be priced in the mid-to-high six figures.
WindTamer Corporation (http://www.windtamerturbines.com/) is a developer, manufacturer and supplier of wind turbines, solar energy systems and custom-designed renewable energy storage and power management systems. The WindTamer diffuser-augmented wind turbine utilizes a patented technology for the production of electrical power. The WindTamer Power on Demand system utilizes inputs from multiple energy sources including wind, solar, fuel cells and the grid itself in conjunction with a custom-designed battery storage system and a proprietary smart monitoring technology that releases energy at optimal times to reduce peak power demand, thereby lowering electricity costs for large energy users who deal with peak usage pricing. WindTamer also manufactures a mobile trailer-mounted Renewable Energy Trailer that generates wind and solar energy to an onboard storage unit for military and other applications.
This press release may contain forward-looking statements based on current expectations that involve a number of risks and uncertainties. WindTamer Corporation cautions investors not to place undue reliance on forward-looking statements, which reflect WindTamer's analysis only as of today's date. There can be no assurance that such forward-looking statements will prove to be correct, and actual results could differ materially. WindTamer undertakes no obligation to publicly update forward-looking statements. Further information on these factors, and other factors that could affect WindTamer's financial results, is included in WindTamer's Securities and Exchange Commission filings, including the latest Annual Report on Form 10-K.
SOURCE WindTamer Corporation