SAN DIEGO, June 15 /PRNewswire-FirstCall/ -- Helix Wind, Corp. (OTC Bulletin Board: HLXW), a global renewable energy company announced today that it is in negotiations with VENCO Power GmbH of Germany to license VENCO's Vertical Axis Wind Turbines (VAWT). One of many benefits this licensing agreement is expected to provide to Helix is the ability to offer a low wind speed vertical technology to address this market space. The agreement would provide Helix Wind access to VENCO's product line to manufacture and sell by Helix through its distribution channel. Currently, Helix Wind expects the agreement to allow Helix to distribute VENCO products in the Americas, Africa, Middle East, and South East Asia. Other countries are expected to be negotiated on an as needed basis.
Scott Weinbrandt, Chairman, CEO & President of Helix Wind said, "We are pleased to be working with VENCO to renew our relationship and add VENCO product solutions to the Helix Wind portfolio. VENCO's vertical technology wind turbines operate efficiently in low wind speeds, while Helix Wind turbines are known for their aesthetic appeal and performance in high wind regimes. Both vertical technologies compliment each other and provide a broad array of small turbine solutions from Helix to satisfy our customer's needs."
Although Helix Wind expects to enter into a licensing agreement with VENCO, it cannot provide any assurances that the licensing agreement will be completed.
About Helix: Helix Wind, Corp., a global renewable energy company is engaged in the design, manufacturing and sales of small wind vertical axis turbines designed to generate 300W, 1kW, 2.0kW, and 4.5kW of clean, renewable electricity. Additional information can be found at www.helixwind.com.
About VENCO: VENCO Power GmbH, a global renewable energy company is engaged in the design, manufacturing and sales of small wind vertical axis turbines designed to generate 300W, 1kW of clean, renewable electricity. Additional information can be found at www.vencopower.com.
Forward Looking Statements: A number of statements contained in this press release are forward-looking statements within the meaning of applicable federal securities laws, including, without limitation, anything relating or referring to future financial results, intellectual property filings, and plans for future business development activities, and are thus prospective. These forward-looking statements involve a number of risks and uncertainties, including our ability to attract and retain management and field personnel with experience in the small wind turbine industry, our ability to raise capital when needed and on acceptable terms and conditions, our ability to execute the licensing agreement with VENCO, our ability to distribute, manufacture or sell any VENCO products, the intensity of competition and general economic factors. The actual results Helix Wind may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. Helix Wind encourages the public to read the information provided here in conjunction with its most recent filings, which may be viewed at www.sec.gov.
SOURCE Helix Wind, Corp.