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Real Logic Announces Agreement With Wind Turbine And Hydrogen Energy Company
Palm Beach FL (SPX) Feb 22, 2008 Real Logic has come to agreement on terms for a Real Logic subsidiary with an innovative company developing a new generation of commercial wind turbines with optional hydrogen production and storage components. This company has completed design, marketing, and manufacture of a new wind turbine system, and will be transferring into the new subsidiary the exclusive rights for the intellectual property for the system, including patents and patents pending, proprietary systems, improved wind turbine design, and other numerous innovations unique to this industry. The company's pro forma summary projections indicates that Revenues will be generated from three income streams: Equipment Sales, Development O/M Services, and Wind Farm Revenues: Year Two Sales Revenues are estimated to be over $125,000,000: Year Three Sales Revenues are estimated to be over $350,000,000. Real Logic will be the majority owner of the new subsidiary. As a result of an aggressive marketing and sales campaign that has been underway over the last two years, the company has existing projects pending and in process. The management team for the new subsidiary will consist of a group of experts, in addition to a renown engineer who is highly rated with the Department of Energy and considered by his peers as a leading international authority on wind turbine technology, wind energy conversion, and wind farming. This professional will head up ongoing technical development, project assessment, and supervision of all engineers and project managers, for the subsidiary. The company's commercial wind/hydrogen energy innovations are expected to offer the renewable energy market a distinctive power generation system costing less than conventional technology available. Currently, there are only five major worldwide corporations in the Wind Industry: G.E., Siemens, Mitsubishi, Suzlon, and Gamesa. These companies have been so successful that they have backlogs of orders for their equipment until mid 2010. Based on supply and demand alone, Real Logic believes that we can fulfill the roll of a major supplier with a unique proprietary product that is readily available and less costly than existing systems in the marketplace. Michael Posner, President, said, "We are pleased to have such an outstanding product for our Clean Energy Division whose mission, compatible to ours, is to serve humanity and the environment by developing, constructing, marketing, and operating sustainable energy technologies comprised of existing and emerging wind, hydrogen, and other alternative systems to address the needs of the global community and reduce reliance on environmentally damaging fossil fuels. We expect this venture to compete effectively and efficiently in this growing billion dollar industry." Related Links Powering The World in the 21st Century at Energy-Daily.com
Babson College To Install Campus Wind Turbine
Wellesley MA (SPX) Feb 18, 2008Babson College plans to install a wind turbine on the school's campus as a demonstration project, becoming the first college in the greater Boston area to utilize wind power through an on-campus installation. Babson joins the growing number of US colleges and universities that have chosen to develop their commitment to sustainable business practices through the use of renewable energy technologies. |
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