ROCHESTER, N.Y., April 15, 2011 /PRNewswire/ -- WindTamer Corporation ("WindTamer" or "the Company") ( OTCBB: WNDT), a developer and manufacturer of wind turbines and renewable energy power storage and management systems and a supplier of solar energy systems, announced today that it has received an order valued at $319,000 from PGM Corporation for a Power on Demand renewable energy storage and management system.
Power on Demand is a proprietary, patent-pending system that is designed to utilize energy generated by wind turbines, solar PV or the grid itself together with a custom-designed battery storage system and a proprietary real-time "smart monitoring" technology to reduce peak demand charges, thereby lowering commercial electricity costs. The "smart monitoring" technology monitors power usage in real-time and maintains electricity demand on the grid within optimal parameters in order to smooth power demand on the grid and prolong battery life.
The order represents WindTamer's second sale of a Power on Demand system.
Mark Matthews, WindTamer's Vice President of Sales & Marketing, said that, "Demand charges can represent 30 to 70% of a commercial electric bill. These charges result from spikes in electricity demand that Power on Demand is designed to reduce. For this reason, the payback or return on investment period to the customer on a Power on Demand system is far shorter than any stand-alone renewable energy system we are aware of. We continue to expect that Power on Demand will be a major driver of a significant ramp-up in booked orders for WindTamer as the year progresses."
PGM Corporation, headquartered in Rochester, New York, is a full-scale contract manufacturing firm that makes high-quality precision parts and assemblies for military, medical, aviation, aerospace, power generation and other markets.
WindTamer Corporation is a developer and manufacturer of wind turbines and custom-designed renewable energy storage and power management systems and a supplier of solar energy systems. The WindTamer diffuser-augmented wind turbine utilizes a patented technology for the production of electrical power. WindTamer's patent-pending Power on Demand system utilizes inputs from multiple energy sources including wind, solar, fuel cells and the grid 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 sells a mobile renewable energy system that that generates wind and solar energy to an onboard storage unit for military and other applications, and a renewable power station that is a scalable system that can be drop-shipped to off-grid locations to be used as a "micro-grid". WindTamer's Board of Directors has approved changing the name of the Company to Arista Power, Inc. subject to shareholder approval at its May 18, 2011 Annual Meeting of Shareholders. For more information on WindTamer, go to www.windtamerturbines.com.
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