- Bookings Gaining Momentum -
HAMILTON, ON, Jan. 19 /CNW/ - Cleanfield Alternative Energy Inc. ("Cleanfield", TSE: AIR-V), an international leader in Vertical Axis Wind Turbine (VAWT) technology solutions, has surpassed the milestone of 60 units sold to date.
Cleanfield's CEO Tony Verrelli said, "Our sales are increasing globally as a result of systematically executing our business strategy based on business partnerships, scientific R&D, quality manufacturing using local supply chains, and a growing worldwide distribution network. We expect Cleanfield to further benefit from our proposed merger with WEPOWER, increasing government incentives for renewable energy and demand for VAWTs as a versatile and effective type of distributed energy."
Global Sales Initiatives: The following are notable examples of Cleanfield's VAWT sales gaining traction worldwide. In Canada, the Company installed six turbines on a rooftop of Durham College's Whitby Campus building east of Toronto; the turbines will generate clean electricity and serve as learning tools for courses about modern energy technologies. The Ministry of Transportation (MTO) is evaluating the capabilities of a Cleanfield VAWT at its Sarnia truck inspection station for potentially other installations at other MTO stations. And the Company has an agreement with two School Boards to install eight VAWTs as part of Ontario's green initiatives.
In the United States, Cleanfield will install 10 turbines in early 2010 as part of an architectural showpiece that is expected to be one of the most recognized buildings in downtown Houston. The installation demonstrates the Company's ability to customize and integrate its technology into buildings, particularly those seeking Leadership in Energy and Environmental Design (LEED(R)) certification. A Cleanfield VAWT is being installed at a U.S. Department of Energy's facility in Pennsylvania. Another turbine has been sold Dayton University.
In Europe, Cleanfield has received a comprehensive strategy for entering the UK market by an EMBA consulting team from Queen's School of Business and The Johnson School of Cornell University. The Company has struck an agreement with a UK distributor who has committed to ordering 25 units, to be sold initially to power cellular telecom towers in the UK and West Africa. Cleanfield is also working on a distribution agreement with an Irish dealer, who would commit to placing a purchase order for 120 VAWT units over a 12-month period. The distributor will sell Cleanfield's V3.5 VAWT exclusively in Europe for applications involving the preheating of water tanks for industrial plants.
In Asia, three Cleanfield turbines have been shipped for installation by Zhejiang Jingye Technology Co. Ltd. (ZJT) in China's City of Huzhou, Zhejiang Province. Also, Cleanfield is a short-listed bidder for supplying 45 units to be integrated into the architecture of what will be one of the tallest buildings in the world, part of a mixed-use project under development in Shanghai.
Significant U.S. Market Potential: Recent Underwriters Laboratory (UL) certification of Cleanfield's proprietary inverter technology and customized, permanent-magnet generator, and the recently announced alliance with WEPOWER, are expected to boost the Company's sales in the fast-growing urban and industrial markets for grid-tied wind turbine systems in the United States. Moreover, there are strong financial incentives in the US for job-creating, climate-friendly renewable energy systems. The new American Recovery and Reinvestment Act makes small wind turbines eligible for a 30% uncapped investment tax credit or grant on the total cost of system installation. And many states offer additional local incentives for installation of small wind systems and/or incentives for the energy generated by wind systems.
About Cleanfield Alternative Energy Inc.: Cleanfield is committed to developing renewable energy products primarily for the urban environment. The Company produces an industry leading VAWT, which can be installed in various ways, produces green renewable energy quietly and cost effectively and is sold worldwide. Cleanfield also provides purchase financing to qualified customers, and is developing solar photovoltaic products for commercialization.
Forward-looking Statements: Certain statements in this news release may be considered to be forward-looking. These statements relate to future events or Cleanfield's future economic performance and reflect the current assumptions and expectations of management. Certain unknown factors may affect the events, economic performance and results of operations described herein. Cleanfield undertakes no obligation, and does not intend to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable law.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
SOURCE Cleanfield Alternative Energy Inc.
For further information: For further information: Go to www.cleanfieldenergy.com, or contact Tony Verrelli, CEO, Cleanfield, (905) 304-5223, email@example.com