Press: Press Releases
39Helix Wind Accepts Purchase Orders For S594 Wind Turbines
Six Turbines Scheduled For Shipment To Customers This Week
San Diego, CA – July 13, 2010 – Helix Wind, Corp. (OTCBB: HLXW), a global renewable energy company, announced today that in cooperation with its direct customers, the Company has received three executed purchase orders to provide six S594 wind turbines to be shipped domestically to customers this week.
Scott Weinbrandt, Chairman, CEO & President of Helix Wind said, “We are pleased to be working with our direct customers to deploy renewable energy wind solutions for their projects domestically. We are confident that Helix Wind S594 wind turbines will handle their energy needs in a dependable and autonomous way. This is an example of how Helix Wind works closely with our direct customers to deliver wind energy solutions on a global basis.”
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.
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 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, the ability of our wind turbines to perform and handle the energy needs of our customers, 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.
38Helix Wind in Negotiations with VENCO Power for Turbine Licensing Agreement
- Increases product portfolio to address low wind speed market needs
San Diego, CA – June 15, 2010 – Helix Wind, Corp. (OTCBB: 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.
37Helix Wind Continues Pursuing Patent Protection for its S322 & S594 Small Vertical Axis Wind Turbines (VAWT)
The Company has also filed related patent applications in Europe, China, India, Australia, as well as in other countries. These applications relate to the unique, modular rotor design inherent in Helix Wind products and are all pending examination.
Scott Weinbrandt, Chairman, CEO & President of Helix Wind said, “We are pleased to be working with Tom Thibault, of Thibault Patent Group, to identify, acquire, and protect our Intellectual Property assets. We are excited to learn that our United States patent application is on track to becoming a valid US patent in the near future. Intellectual property is a core attribute of the Helix brand and portfolio of small wind turbine solutions. Helix Wind turbines are known for their aesthetic appeal, performance in high winds, and capability to utilize multi-directional turbulent winds.”
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.
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 successful completion of patent filings and the issuance of any patents resulting from our filings, the expected timing of the issuance of any patents, our ability to enforce any patents which may be issued, 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.
36Helix Wind Receives $100,000 From 'Third Note' of Financing
Helix Wind, Corp. (OTC Bulletin Board: HLXW), a global renewable energy company, announced today the receipt of the third tranche, totaling $100,000, in the continuation of financing from St. George Investments, LLC.
As previously announced on April 6, 2010, the company secured financing from St. George Investments, LLC amounting to a total of $599,500 in funding with the potential to execute four additional Convertible Secured Promissory Notes. The receipt of the third tranche was received by the Company on May 19, 2010 by executing the "Third Note." The remaining two additional notes with St. George are now anticipated to be executed over the next 60 days. Additional information can be found in Helix's Form 8-K, filed with the U.S. Securities and Exchange Commission on April 6, 2010.
After completing Phase I of the Companies operational plan, the Company is currently in negotiations with its funding partner to secure up to $1,000,000 of financing for Phase II which will provide the capital needed for additional production requirements to meet potential opportunities for purchase orders being negotiated with customers and distributors. In addition, this capital will fund the next round of research and development.
Scott Weinbrandt, Helix Wind's Chairman, CEO & President said, "We are pleased to have executed the Third Note which was part of the financing transaction with St. George Investments. This funding continues to provide sufficient capital to complete the initial Phase of our plan which included the audit, filing its Form 10K, its first quarter Form 10Q, and completing and filing the S-1 registration statement, while taking care of our customer base. We are confident from our discussions that we will close up to an additional $1,000,000 of financing in the near future with our funding partner to handle Phase II of the Company's plan. This will allow Helix to pursue the numerous growth opportunities which have been identified."
The securities offered and sold in the private placement have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. As part of the terms of the private placement, Helix Wind is obligated to file a registration statement to register for resale under the Securities Act the shares of common stock issuable in connection with this private placement.
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.
35Helix Wind Executes "Second Note" of Financing
- Receipt of $100,000 received from Additional Note
As previously announced on April 6, 2010, the company secured financing from St. George Investments, LLC amounting to a total of $599,500 in funding with the potential to execute four additional Convertible Secured Promissory Notes. The receipt of the second tranche was accelerated for delivery to the Company on April 26, 2010 by executing the “Second Note.” The remaining three additional notes with St. George are now anticipated to be executed over the next 75 days. Additional information can be found in Helix’s Form 8-K, filed with the U.S. Securities and Exchange Commission on April 6, 2010.
Scott Weinbrandt, Helix Wind’s Chairman, CEO & President said, “We are pleased to have executed the Second Note which was part of the financing transaction with St. George Investments and to have received funding earlier then scheduled. This funding, plus the remaining three notes in this round of financing will allow the Company to continue its efforts in completing Phase I of its operational plan. This includes completing the audit, filing its Form 10K, its first quarter Form 10Q, and completing the S-1 registration statement, while taking care of our customer base. We will continue to focus on securing the next tranche of capital with our financial partner, St. George Investments to get closure to enabling Helix to execute our next phase which is intended to allow Helix to pursue the numerous growth opportunities which have been identified.”
The securities offered and sold in the private placement have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. As part of the terms of the private placement, Helix Wind is obligated to file a registration statement to register for resale under the Securities Act the shares of common stock issuable in connection with this private placement.
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 4.0kW of clean, renewable electricity. Additional information can be found at http://www.helixwind.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 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 secure any additional capital from St. George Investments or any other source, our ability to execute on our operational plan, 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.
34Helix Wind Closes Round of Financing
Helix Wind, Corp. (OTC Bulletin Board: HLXW), a global renewable energy company, announced today the close of a financing with St. George Investments, LLC, an Illinois limited liability company, in an amount up to $999,500 of funding to the Company.
The terms of the financing transaction consists of the Company issuing a six-month convertible secured promissory note in the aggregate principal amount of $779,500, and a five-year warrant to purchase 2,500,000 shares of the Company's common stock at an exercise price of $0.75 per share. The financing is structured for the Company to receive the funding in five tranches, with the first tranche totaling $599,500 which was delivered to the Company on April 1, 2010. The terms of the financing provided that so long as no default has occurred and the Company has satisfied certain other conditions, St. George will loan the Company an additional $100,000 on or about each monthly anniversary during the four consecutive calendar months following the closing, for a total of $400,000 in additional financing. Upon the issuance of each additional note, the Company would also issue St. George an additional five year warrant to purchase up to 250,000 shares of Common Stock with an exercise price of $0.75 per share.
As part of the terms of the financing, Helix Wind is obligated to file a registration statement within sixty (60) days of the closing to register for resale the shares of Common Stock issuable upon conversion of the notes and warrants. The convertible notes are also subject to certain other events of default and liquidity events which could accelerate the Company's repayment obligations, and/or permit St. George to exercise its rights under a pledge agreement which was also entered into in connection with the financing. Additional information regarding the financing, and copies of the financing documents, can be found in the Company's Form 8-K filed with the U.S. Securities and Exchange Commission on April 6, 2010.
Scott Weinbrandt, Helix Wind's Chairman, CEO & President, said, "This financing is intended to provide Helix Wind with the funds necessary to execute our fiduciary responsibilities to the company and its shareholders. With this round of financing, we believe we are able to complete and execute on Phase I of our strategic plans, which is to complete the audit, file a 10K and registration statement while taking care of our customer base. In addition, the filing of a registration statement will allow the company broader access to alternate sources of capital for moving the company forward and raising further capital following the recent changes in management and our Board of Directors."
About Helix: Helix Wind, Corp., a global renewable energy company is engaged in the design, manufacturing and sale of small wind vertical axis turbines designed to generate 300W, 1kW, 2.0kW, and 4.0kW of clean, renewable electricity. Additional information can be found at http://www.helixwind.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 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, 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.
33Helix Wind Announces Change in Executive Leadership and Board of Directors
Helix Wind, Corp. (OTC Bulletin Board: HLXW), a global renewable energy company, announced today that Scott Weinbrandt, the Company's Chairman & President, has been appointed as the Chairman & Chief Executive Officer (CEO) of the Company effective as of March 8, 2010. Mr. Weinbrandt will replace Mr. Gardner who has served as the Company's CEO since it was founded in 2006. Mr. Gardner has resigned from the Company and as a member of the Company's Board of Directors effective as of March 8, 2010 to pursue other opportunities.
In addition, Gene Hoffman, a member of the Company's Board of Directors since June 2009, has also resigned from the Board effective March 8, 2010.
"I recognize and appreciate the work that Ian has contributed to the company's current success over the past three years, and appreciate Gene's contributions to the Company during his board membership," stated Mr. Weinbrandt. "I believe in the Helix Wind team, its technology and the Company's strategy. I am committed to continue working with the Helix team executing on our business plan, including the focus on profitability, liquidity and growth for our shareholders and customers. The Company plans to enhance its Board by adding outside Directors in the near term," stated Mr. Weinbrandt.
In addition, the Company has been in discussions with an investor to complete a financing of up to $1 million to be used for general working capital needs and professional fees associated with the filing of a registration statement. The Company anticipates the financing would be completed in two tranches based on the Company meeting certain covenants to be agreed upon by the investor and the Company. "With the anticipated infusion of additional capital to meet the Company's working capital needs and to complete an S-1 Registration Statement, we are grateful to be working with such an investment partner," stated Mr. Weinbrandt.
Any financing remains subject to the negotiation and execution of definitive investment agreements, and the Company cannot provide any assurances that any such financing will be completed.
About Helix: Helix Wind, Corp., a global renewable energy company, is engaged in the design, manufacturing and sale of small wind vertical axis turbine designed to generate 300W, 1kW, 2.0kW, 4.0kW, and 50kW of clean, renewable electricity. Additional information can be found at www.helixwind.com.
Safe Harbor Statement: 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 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, 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.
32Helix Wind S322 Turbine Withstands Sixty Mile Winds That Damaged Nearby Windfarm
Helix Wind Corp. (OTCBB: HLXW), a global renewable energy company, reported today that its S322 vertical axis wind turbine (VAWT) operated flawlessly through a major storm last month at its test site on the Campo Indian Reservation near San Diego, CA. According to a feature story published January 13th in the San Diego Union-Tribune’s webzine “Sign On San Diego” the storm damaged turbines of a nearby wind farm. The story reported that all the blades from 25 of the 20-story high horizontal axis wind turbines (HAWTs) that are part of the nearby Kumeyaay Wind project have been removed for repair and inspection following the storm.
Helix Wind CEO Ian Gardner said, “We knew the storm was coming and were monitoring our turbines from our corporate offices seventy miles away. Our S series of turbines is specifically designed to take a lot of punishment, and our performance during the December storm is strong validation that our turbines can withstand this type of harsh natural environment without any downtime or damage.”
Helix Wind’s S322 turbine, located directly across the freeway and about three-quarters of a mile south of the Kumeyaay wind farm, is remotely monitored by its proprietary Wind Turbine Monitoring System (WTMS). The WTMS reported that the turbines withstood sustained winds up to 62 mph during the storm, continuing to generate electricity normally. The internet-based system permits Helix Wind to monitor its turbines anywhere in the world in real time.
Gardner added that as the wind market continues to segment, technologies best suited to specific market niches are gaining traction. He noted that while large commercial wind farms grab most of the headlines, small wind turbines, particularly vertical axis wind turbines (VAWTs), are proving their worth in a broad variety of applications.
Helix’s patent-pending, Savonious rotor-based S322 (2kW) is a good example of a VAWT designed for operation under the most punishing of conditions (up to 100 mph). The turbines also boast compelling aesthetic features attractive for urban and architectural installations.
About Helix: Helix Wind Corp., a global renewable energy company, is engaged in the design, manufacturing and sale of small wind vertical axis turbine designed to generate 300W, 1kW, 2.0kW, 4.0kW, and 50kW of clean, renewable electricity. Additional information can be found at www.helixwind.com.
Safe Harbor Statement: A number of statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. 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, 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.
31Helix Wind Announces Share Lock-Up Agreements With Key Shareholders
The lock-up agreements generally prohibit shareholders from directly or indirectly offering to sell, granting an option for the purchase or sale of, or otherwise disposing of the common shares of Helix Wind stock they control. However, provisions in two of the three share lock-up agreements allow for the sale of an aggregate 105,000 shares for each 90-day period starting February 11, 2010, and ending February 10, 2011, and 120,000 shares for each 90-day period starting February 11, 2011, and ending February 10, 2012. These lock-up agreements are subject to several conditions in order for them to become effective, including the successful completion of Helix’s previously announced $5 million capital raise on or before February 10, 2010. Additional details regarding the terms of the lock up agreements and conditions for their effectiveness are available in a Form 8-K filed by the company with the U.S. Securities and Exchange Commission.
In addition, the agreement with Helix’s CEO is subject to a prior management lockup agreement that prevents the sale of any shares until August 10, 2010. Accordingly, an aggregate of 105,000 shares can be sold per each 90-day period during the period commencing August 11, 2010 and ending February 10, 2011 and 120,000 shares per each 90-day period commencing February 11, 2011 and ending February 10, 2012.
Scott Weinbrandt, Helix Wind’s chairman and president, said, “The Board believes the agreements are a testament to the faith these major shareholders have in Helix Wind. By agreeing to lockup the vast majority of their stock, we believe they have underscored their commitment to the company’s long term focus and strategy.”
About Helix: Helix Wind Corp., a global renewable energy company, is engaged in the design, manufacturing and sale of small wind vertical axis turbine designed to generate 300W, 1kW, 2.0kW, 2.5kW, 4.5kW, 10kW and 50kW of clean, renewable electricity. Additional information can be found at http://www.helixwind.com
Safe Harbor Statement: 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 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 pay the notes when they mature, 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, 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, including the Form 8-K, which may be viewed at www.sec.gov.
30Helix Wind and Its Distributor EDAL RE To Provide 90 to 100 Wind Turbines to Jujuy Province, Argentina
San Diego, CA – Dec. 3, 2009 – Helix Wind Corp. (OTCBB: HLXW), a global renewable energy company, announced today that in cooperation with its distributor EDAL Re, Inc., Buenos Aires, it will provide 90 to 100 wind turbines as part of an estimated $9.5 million rural electrification and off-grid generation project in Jujuy, Argentina, being financed by the World Bank.
Starting February 2010, EDAL RE will install 15kW power islands, designed by its engineers, combining photovoltaic arrays and Helix Wind S594 vertical axis wind turbines to replace 2.3MW of fossil thermal genera¬tion. The provision of the turbines to the project is subject to successful completion of standard testing.
The project is part of the World Bank’s Renewable Energy in the Rural Market Project (PERMER), an innovative program providing clean energy to rural communities in Argentina. Jujuy Province is located in Northwestern Argentina, abutting Chile and Bolivia.
Javier Wolcoff, director of EDAL RE, said, “Wind turbines are the perfect complement to the project’s solar arrays since the most predominant winds in the high desert occur once the sun goes down. Helix Wind offers a robust, reliable turbine that can withstand the brutal northwest Argentinean winds, is easy to install in remote locations and requires little to no maintenance.”
“EDAL Re was the very first company to sign a distribu¬torship agreement with Helix Wind, and as a result, holds the right to commercialize Helix Wind turbines in much of South America and Ne¬therlands Antilles,” said Ian Gardner, Helix Wind CEO. “We’re excited to be working with EDAL to develop renewable energy solutions for Jujuy Province.”
“Not only are we excited about the prospect of replacing diesel generators with clean, renewable energy,” said Lic. Fernando Frias, Minister of Planning, Development and Infrastructure of Jujuy, “but we are also proud to be bringing advanced technologies to remote places in our province. This will contribute to providing clean energy to our population (and the obvious development that comes with it) and broaden their minds to include a new world of possibilities.”
About Helix: Helix Wind Corp., a global renewable energy company, is engaged in the design, manufacturing and sale of small wind vertical axis turbine designed to generate 300W, 1kW, 2.0kW, 4.0kW, and 50kW of clean, renewable electricity. Additional information can be found at http://www.helixwind.com.
About EDAL RE: EDAL RE is provides turnkey renewable energy solutions, energy efficiency strategies and carbon footprint reduction. We have a fundamental commitment to the development of economically sustainable projects and insist on the highest social and environmental standards. We believe that the most important legacy we can leave our children is a clean planet, free of contami¬nants and with natural evolution processes, leaving behind the anachronism of fossil fuel dependence.
Safe Harbor Statement: A number of statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. 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, 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.
29Helix Wind's S322 Turbine Helps Power School On Island of Malta
Second S322 unit to be installed by the Maltese Government this month
San Diego, CA – Nov. 17, 2009 – Helix Wind Corp. (OTCBB: HLXW), a global renewable energy company, announced today that a model S322 wind turbine has withstood gale-force winds after being installed on a primary school on Malta, an island located in the Mediterranean Sea between Italy and Africa. Installed in September on the Pembroke Primary School, the turbine is part of a six-month test, which, if successful, could result in the installation of S322 turbines atop 40 other schools on the island.
In addition, Helix Wind announced it is installing another S322 on Malta to power a center at a government-owned plastics recycling plant. The S322 was chosen particularly for its superior low-noise performance, since the existing horizontal wind turbine from another manufacturer was causing unsatisfactory levels of noise pollution. The installation is part of the Maltese Government’s dedication to fostering wind energy projects that reduce energy costs and pollution on the island.
“Helix Wind’s quiet, scalable and beautiful wind turbines are going global,” said Scott Weinbrandt, chairman and president of Helix Wind. “In addition to these units on Malta, Helix Wind is currently delivering turbines for installation in Sweden, Ireland, France and Italy.”
The Pembroke Primary opened in September as part of the Maltese Government program called Foundation of Tomorrow Schools, which funds alternative, efficient and cost-effective approaches to developing and upgrading Maltese schools. To see a video of the Helix turbine in action at the school, visit: http://www.youtube.com/watch?v=t0GrIhz0oWo.
Godfrey Formosa, managing director of environmental consultant and Helix Wind distributor Di Natura, said, “The 322 has already shown it can stand up to Malta’s gale-force winds and we are looking forward to participating in the Maltese government’s farsighted vision to capitalize on the island’s wind resources. At Di Natura, our motto is ‘Think Beyond’. We believe the future is now, and our lives will depend on it. More importantly the lives of our children, and their children, will be dependent on the choices we make today.”
About Helix: Helix Wind Corp., a global renewable energy company, is engaged in the design, manufacturing and sale of small wind vertical axis turbine designed to generate 300W, 1kW, 2.0kW, 4.0kW, and 50kW of clean, renewable electricity. Additional information can be found at http://www.helixwind.com.
About Di Natura: Di Natura has made a commitment to reconcile commercial objectives with a strong statement on preserving the environment. We feel it is within our power to make a difference, and we exercise this right by promoting products and solutions that take the most advantage of the laws of nature and contribute positively to long-term sustainable development. Our aim is to contribute to human progress by seeking products that strike a fair balance between global access to heat, light, wind and water while reducing waste, emissions and discharges, thereby protecting and improving the natural environment
Safe Harbor Statement: A number of statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. 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, 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.
28Helix Wind to Power Cell Towers in Southern California
San Diego, CA – Nov. 10, 2009 – Helix Wind Corp. (OTCBB: HLXW), a global renewable energy company, announced today it will begin a technology demonstration and test of two small wind turbines to power cell phone towers in Southern California. The turbines will be installed by early 2010 and the test will run for one to three months.
In addition to powering the towers, the test will explore the feasibility of selling power back to the electrical grid under a Power Purchase Agreement. In association with Core Communications Group on behalf of its tower company client, Vertical Green, the test will represent one of the first grid-connected cell sites powered by renewable energy in Southern California.
This market segment is of great interest to Helix. There are approximately 3,500 cell phone towers in Southern California, and due to the continued expansion of broadband wireless, the data volume of which has doubled in the past three years, an additional 1,000 to 1,200 towers should be brought on line over the next five years.
“Helix remains committed to developing innovative solutions that can power cell phone towers with wind power,” noted Ian Gardner, Helix Wind CEO. “We are actively pursuing opportunities in this space, and are excited to be working with Core Communications on a test so close to home. Even grid connected cell phone towers can benefit from renewable energy, and wind power can dramatically reduce the emissions and carbon footprint associated with them. Under the right conditions, the towers may even be able to produce surplus energy, providing an additional revenue stream to tower owners. We look forward to getting started on the test.”
Keith Pinter, chairman of Core Communications Group, said, “Working with industry thought-leader Helix has been a pleasure, and we are anxiously awaiting the start of the tower testing phase. In addition to the turbines themselves, we’re looking forward to input from Helix related to power delivered, per-kW economics and the various renewable energy incentives available to our company.”
“Core Communications is committed to reducing the total cost of ownership for our wireless carrier clients as well as solving zoning challenges which may encumber 4G network deployments,” Pinter said. “We are excited about managing this deployment for highly innovative tower company Vertical Green, and following this proof-of-concept stage, we will explore advancing our relationship with Helix into a full rollout,”
About Core: Core Communications Group provides a vertically integrated suite of professional services, including site acquisition, architecture and engineering, construction management and turn-key services to the wireless industry. Additional information can be found at www.core.us.com.
About Helix: Helix Wind Corp., a global renewable energy company, is engaged in the design, manufacturing and sale of small wind vertical axis turbine designed to generate 300W, 1kW, 2.0kW, 4.0kW, and 50kW of clean, renewable electricity. Additional information can be found at http://www.helixwind.com.
Safe Harbor Statement: A number of statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including our ability to pay the notes when they mature, 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, 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.
27Helix Wind Turbine Powers Architect's Renovation of Chicago 1916 Home as Renewable Energy Showcase
San Diego, CA – Nov. 2, 2009 – Helix Wind Corp. (OTCBB - HLXW), a global renewable energy company, reported today that its wind turbine model S322 and its Wind Turbine Monitoring System (WTMS) have been incorporated into the total renovation of a 1916 home, located on Chicago’s North Side, which has turned the home into a showcase for aesthetically pleasing renewable energy solutions.
Architect Kathleen O’Donnell of Tripartite, Inc., Chicago, IL, said she chose Helix Wind’s S322 to power the renovated 4,700 sq. ft. house, which is a combination home, office and studio for her husband, a painter, because the turbine was beautiful, quiet and took advantage of the “Windy City’s” own natural resource.
The renovated house creates its own energy, which can be sold back to the local electric utility, as well as uses a whole range of conservation materials. Helix Wind’s model S322 turbine, a renewable energy system for residential applications, is an integral part of the house’s renewable energy platform. In addition, Helix’s proprietary WMTS monitoring system will be delivering comprehensive real-time data on the turbine’s performance and efficiency to the homeowner’s computer.
Ian Gardner, CEO of Helix Wind, said, “Architects like Kathleen O’Donnell, who are catering to the growing demand for “green” housing, find our 2.0kW small wind turbine beautifully supports the homeowner’s energy needs. Also, our WTMS showcases the accountability and transparency of our small wind systems.”
The Helix S322, which sells for $7,500, provides smooth power delivery across a broad range of wind speeds and under the most difficult of physical environments. Simple to install, modular and scalable, the S322 is ideally suited for urban environments and off-grid locations. It is built to endure and is captivating to the eye.
O’Donnell anticipates that her experience planning and designing the infrastructure for Helix Wind’s turbine as well as using it will give her a leg up in competing for “green” housing business commissions. This is especially true, she said, since the real estate crash has made energy costs a significant factor in a home’s resale value. “Developers as well as homeowners are now more sensitive to housing energy costs,” she said, “and this is what the future is going to look like.”
About Helix: Helix Wind Corp., a global renewable energy company, is engaged in the design, manufacturing and sale of small wind vertical axis turbine designed to generate 300W, 1kW, 2.0kW, 2.5kW, 4.5kW, 10kW and 50kW of clean, renewable electricity. Additional information can be found at http://www.helixwind.com
Safe Harbor Statement: A number of statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including our ability to pay the notes when they mature, 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, 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.
26Helix Wind S594 Turbine Withstands 80 MPH Storm in Alaska
San Diego, CA – Oct. 27, 2009 – Helix Wind Corp. (OTCBB - HLXW), a global renewable energy company, reported today that its S594 wind turbine installation in Dutch Harbor, Alaska, performed well during a major winter storm, withstanding winds in excess of 80 mph, according to its owners, Joshua Williams and Lilia Howard of Dutch Harbor.
“We’d like to thank everyone at Helix,” said Williams. “The turbine was up and running just in time for our first winter storm, during which the S594 took wind gusts of greater than 80 mph like a champ.”
“I have lived and worked here for all of my adult life, sometimes dreading the cold, windy and wet winters,” Williams said. “After this last storm, as I watched our new wind turbine generate the sea winds back at us, it felt good to get even!”
Ian Gardner, Helix Wind’s CEO, said, “The entire Helix team is delighted with Mr. Williams’ testimonial and the news of the S594’s performance.”
“Our customers’ satisfaction with our products is critical to our success. Helix ensures our distributors, partners, employees and management are engaged in each turbine’s performance from the sale to installation to evaluating performance when installed. We’re proud of our products, and are glad to hear of the direct, positive value they can have in our customers’ lives,” Gardner added.
The S594 turbine was installed in Dutch Harbor in June. With about 250 rain days per year, Dutch Harbor’s weather is considered among the worst in the world.
About Helix: Helix Wind Corp., a global renewable energy company, is engaged in the design, manufacturing and sale of small wind vertical axis turbine designed to generate 300W, 1kW, 2.0kW, 2.5kW, 4.5kW, 10kW and 50kW of clean, renewable electricity. Additional information can be found at http://www.helixwind.com
Safe Harbor Statement: A number of statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including our ability to pay the notes when they mature, 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, 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.
25Helix Wind Turbine And Monitoring System To Power Groundbreaking "Zero Energy" House, Bellevue, WA
San Diego, CA – Oct. 13, 2009 – Helix Wind Corp. (OTCBB - HLXW), a global renewable energy company, is pleased to be a sponsor of the Zero Energy Idea House (ZEH) project. ZEH is holding its ribbon-cutting ceremony at 11 am PDT on Thursday, October 15, at 840 West Lake Sammamish Parkway, SE, Bellevue, WA.
The 1,630-square-foot home is a demonstration model that combines energy generation and conservation building materials, including a roof garden, to slash monthly energy bills. Helix Wind’s model S322 small wind turbine, a renewable energy system for residential and other verticals, combined with the company’s proprietary Wind Turbine Monitoring System (WTMS) are an integral part of the house’s renewable energy platform.
Scott Weinbrandt, chairman and president of Helix Wind, said, “The Zero Energy Idea House proves that Americans can live comfortably with renewable energy in a well-designed house. Helix Wind is pleased with this opportunity to demonstrate just how well our small wind turbine can perform in powering a residential home. In addition, our WTMS will be delivering real-time data on the turbine’s performance to the homeowner’s own computer, showcasing the accountability and transparency of our small wind systems.”
The Helix S322, which sells for $7,500, provides smooth power delivery across a broad range of wind speeds and under the most difficult of physical environments. Simple to install, modular and scalable, the S322 is ideally suited for urban environments and off-grid locations. It is built to endure and be captivating to the eye.
To cope with the unusual climactic conditions of the Puget Sound Basin, the Zero Energy Idea House uses both the Helix Wind S322 turbine and extensive solar panels to provide energy. Architect David Clinkston of Clinkston Brunner, the firm that designed the house, said “Historically, the Pacific Northwest has much wind and little sun during the winter months. The ZEH house will enjoy a good symbiosis between the two renewable energy systems.”
Consumer interest in the Zero Energy House has been intense, according to ZEH builder and homeowner Donna Shirey, president of Shirey Contracting, Inc. Starting on October 17, local volunteer docents will conduct tours every two hours, every weekend for the next month, as well as scheduled tours for larger groups during the week. In addition, 425 Magazine is preparing an article about the house’s energy saving features for its Jan/Feb 2010 issue.
About Helix: Helix Wind Corp., a global renewable energy company, is engaged in the design, manufacturing and sale of small wind vertical axis turbine designed to generate 300W, 1kW, 2.0kW, 2.5kW, 4.5kW, 10kW and 50kW of clean, renewable electricity. Additional information can be found at http://www.helixwind.com
Safe Harbor Statement: A number of statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including our ability to pay the notes when they mature, 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, 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.
24Helix Wind's Small Wind Turbine Performance Validated In Independent Field Test
San Diego, CA –Oct. 6, 2009 – Helix Wind Corp. (OTCBB - HLXW) reported today that in an independent field test, its model S594 small wind turbine installed since March at a test site owned by PFG Green Energy is producing energy output within 90% of the company’s predicted performance. PFG Green is a Helix distributor near Cedar Falls, IA.
Overstated claims by manufacturers have long been a problem for small wind customers. An April, 2008 small wind study by the Cadmus Group in Massachusetts found that on average energy generation in the field was being overestimated by a factor of three to four. As the industry moves toward standardized reporting and testing, Helix is helping lead the way through its own program of production verification.
"The small-wind industry has grappled with the problem of grossly overstated output claims, this test demonstrates that Helix Wind turbines will produce what we say they will,” said Helix Wind CEO Ian Gardner. “What's more, innovations such as our Wind Turbine Monitoring System (WTMS) give the customer continuous, real-time feedback on system performance, underscoring the company’s commitment to transparency and accountability."
The independent evaluation was conducted by Paper Clip Engineering, a San Diego-based electrical engineering and power electronics consulting firm. During the test, Helix Wind’s proprietary Wind Turbine Monitoring System monitored and recorded the unit’s energy output as well as the local electrical grid and wind conditions.
"This independent field test is proof that our small wind turbines will live up to the specifications that our customers and investors have been promised.”
To optimize the power electronics and configuration of the S594 model turbine, Helix Wind worked closely with the engineering staff of Abundant Renewable Energy (ARE), Newberg, OR, with which the company signed a definitive purchase agreement last month. Additional power electronics enhancements under development are expected to improve output even more in the near future.
“This successful collaborative effort with ARE demonstrates the value of its engineering staff and synergies with Helix Wind,” Gardner added.
About Helix Wind Corp:
Helix Wind Corp., a global renewable energy company, is engaged in the design, manufacturing and sale of small wind vertical axis turbine designed to generate 300W, 1kW, 2.0kW, 4.0kW, and 50kW of clean, renewable electricity. Additional information can be found at http://www.helixwind.com
Safe Harbor Statement: A number of statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including our ability to pay the notes when they mature, 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, 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.
23Helix Wind To Begin Testing Process For Solution To Power Cell Phone Towers
San Diego, CA – September 23, 2009 – Helix Wind Corporation (OTCBB: HLXW), a global renewable energy company, gave an update today on its efforts to provide cost-effective renewable energy solutions to telecommunications companies. Specifically, Helix’s wind turbines are ideal ways to lower the costs of operating expenses associated with cell phone towers in remote locations. These solutions are ideal for telecom infrastructure providers worldwide dealing with cell towers that are remote or off-grid and utilize unreliable or expensive energy sources. Depending on the configuration, Helix turbines can produce enough power to pay for themselves in as little as six months.
Helix hopes to have test sites installed in the U.S. and West Africa by November 2009. The company will deliver its first test turbines to Eltek NSG in Nigeria in late October for installation at one of two identified test sites. Pending successful testing and subsequent rollout to several operators in the region including Zain and MTI, Helix’s relationship with Eltek NSG could potentially mean several hundred sites over the next few years and eventual implementation in other African nations, and is the result of work performed by CP Pumps & Systems FZCO, Helix’s distributor in Dubai.
“There is a tremendous opportunity for Helix Wind in the cell tower markets in developing countries and remote applications,” noted Ian Gardner, Helix Wind CEO. “Currently such towers are powered by diesel generators, which are bad for the environment and extremely expensive to operate. Anywhere the power grid is unreliable, expensive or simply non-existent, wind is an ideal renewable energy resource able to power these towers and reduce their operating cost. Helix Wind is excited to be entering the test phase of our solution for this promising new market.”
About Helix: Helix Wind Corp., a global renewable energy company, is engaged in the design, manufacturing and sale of small wind vertical axis turbine designed to generate 300W, 1kW, 2.0kW, 4.0kW, and 50kW of clean, renewable electricity. Additional information can be found at http://www.helixwind.com
Safe Harbor Statement: A number of statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including our ability to pay the notes when they mature, 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, 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.
22Helix Wind Signs Definitive Agreement To Acquire All Assets Of Abundant Renewable Energy And Renewable Energy Engineering
San Diego, CA – September 15, 2009 – Helix Wind Corporation (OTCBB: HLXW), a global renewable energy company, announced today the execution of a definitive purchase agreement to acquire Abundant Renewable Energy, LLC (ARE) and Renewable Energy Engineering, LLC (REE) of Newberg, Oregon. As previously disclosed on August 18, 2009, the acquisition of ARE will bring two additional wind turbines, the 2.5 kilowatt ARE110 and the 10 kilowatt ARE442 to Helix’s portfolio.
According to the terms of the agreement, Helix Wind will purchase all of the assets of ARE and REE in consideration for an aggregate purchase price between $4 million to $6.5 million, depending on the fulfillment of certain financial projections. Helix will also assume certain liabilities associated with the purchased assets. At the closing of the acquisition, Helix will pay ARE $2.2 million in cash. Of this payment, up to a maximum of $345,000 may be used to pay certain claims of ARE’ principals and their affiliates. At the closing, Helix will also issue shares of common stock worth $1.8 million to ARE that are to be valued at the average closing bid price per share for the immediate prior 30 day period. Additional shares may be issued if certain milestones are met.
The closing of the acquisitions is dependent on several conditions, including a capital raise by Helix of $5 million and approval of the U.S. Bankruptcy Court in Oregon, which is supervising ARE’s bankruptcy.
“We’re looking forward to completing these acquisitions quickly and efficiently,” commented Helix Wind Chairman and President Scott Weinbrandt. “Bringing ARE and REE aboard not only adds a line of horizontal axis turbine products to our existing portfolio but also adds exceptional staff, design, manufacturing, sales and service, power electronics and software to the Helix brand. We’re extremely enthusiastic about Helix Winds’s future and will continue to provide comprehensive renewable energy solutions to a variety of markets.”
About Helix: Helix Wind Corp., a global renewable energy company, is engaged in the design, manufacturing and sale of small wind vertical axis turbine designed to generate 300W, 1kW, 2.0kW, 4.0kW, and 50kW of clean, renewable electricity. Additional information can be found at http://www.helixwind.com
Safe Harbor Statement: A number of statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including our ability to consummate the closing, our ability to raise capital when needed and on acceptable terms and conditions, 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.
21Company Profile for Helix Wind Corporation
Helix Wind, Corp. is a global renewable energy solutions company engaged in the design, manufacture and sale of small wind turbines that generate 300 watts–to-50 kilowatts of electricity for residential and commercial users, including those located in areas with low wind speeds. Helix Wind’s emission-free turbines use renewable, abundant wind to promote energy independence.
Helix Wind’s business strategy is to further develop, internally as well as through acquisitions, its comprehensive product suite of small wind turbines that combine best-in-class technology with aesthetic, efficient design. This combination creates the most efficient and cost-effective renewable energy systems for various types of consumer and business use.
Helix Wind offers horizontal as well as vertical-axis turbines to fit different small-wind needs. In addition, it has turbines with direct grid-connect capabilities that qualify for attractive rebates in California, New York and other states.
Helix Wind works to be a trusted partner of its customers. The company’s broad product portfolio makes it possible to customize ideal solutions for each customer, whether it be Horizontal or Vertical axis technology. Moreover, Helix provides its proprietary Wind Turbine Monitoring System (WTMS) to ensure performance accountability and transparency. The WTMS reports various environmental and operations related metrics to Helix and the customer via the internet ensuring turbine uptime and performance.
Helix Wind is also the only small-wind company offering financing to make purchases more accessible to its consumers and distributors. Through a joint-venture partnership with Atoll Financial Group (AFG), the company can actively assist individuals, small businesses, commercial users and distributors with purchases, inventory management and cash flow control.
Headquartered in San Diego, CA, Helix Wind’s manufacturing operations are in low-cost Southeast Asia. The company’s 17 full- and part-time employees encompass a world-class engineering staff, experienced management team, as well as outstanding global distribution, sales and support professionals. Helix Wind currently trades under the symbol “HLXW” on the OTC.BB and is co-listed as “VUU1” on the Frankfurt Stock Exchange.
Company Info:
Helix Wind Corporation
1848 Commercial Street
San Diego, California 92113
Phone: (877) 246-4354
Fax: (619) 330-2628
www.helixwind.com
Exchange Info
OTCBB: HLXW
ISIN # US42331P1066
Earnings Release Dates:
Q1: May 15, 2009
Q2: August 14, 2009
Q3: November 14, 2009
Q4: March 31, 2010
Key Executives:
Ian Gardner – CEO & Director
Scott Weinbrandt – Chairman and President
Gene Hoffman Jr. - Director
Contacts:
Ian Gardner
619-501-3932
Richard Stern
212-888-0044
20Helix Wind, Corp. Signs Definitive Agreement To Purchase VENCO Power GmbH, A German Producer Of Vertical Axis Small Wind Turbines
San Diego, Sept. 3, 2009 -- Helix Wind, Corp. (OTCBB:HLXW), a global renewable energy company, announced today that it has signed a definitive purchase agreement to acquire VENCO Power GMBH, a Bernterode, Germany-based producer of vertical axis small wind turbines. The acquisition will add three complementary small wind turbine products to Helix Wind’s existing portfolio.
Helix Wind CEO Ian Gardner reported that upon consummation the acquisition will increase sales this year and have a significant impact in 2010 and 2011 by adding products that widen its potential customer base.
With the addition of VENCO Power’s products, Helix will offer vertical axis turbines that perform well at lower wind speeds, enable different price points and appeal to different aesthetic tastes. The VENCO turbines are also well suited for sailboats, charging batteries, remote field stations, off-grid installations and medium-sized commercial, agricultural, farm, and community wind sites supplying multiple homes from a single 50kW unit.
“Filling out Helix Wind’s product portfolio with VENCO’s quality vertical axis units,” says Gardner, “enables us to be a single point source for world class solutions, service and financing to customers worldwide.”
According to the terms of the agreement, Helix will purchase 100% of VENCO for 2.75 million Euros (nearly $3.9 million) consisting of cash and Helix Wind, Corp. common stock. In addition to acquiring the assets and technology, VENCO’s personnel, including engineering staff, will be added to Helix's existing team. Closing is conditioned upon, among others, the receipt of audited financial statements of VENCO in accordance with SEC rules and the raise by Helix of at least $5 million.
"Acquiring VENCO allows us to expand our product line, address additional vertical markets, and enable our distributors to support a wider range of customer requirements and price points,” Gardner added. “We're also excited to bring German engineering talent and technology to the quest for alternative energy."
The announcement of this purchase agreement follows closely on Helix Wind’s announcement two weeks ago of its plan to buy the assets of a pair of related Portland, Oregon-based small wind turbine companies, Abundant Renewable Energy LLC and Renewable Engineering LLC. Like the planned acquisition of VENCO Power, these acquisitions fill out Helix Wind’s product line of small wind turbines.
About VENCO: VENCO Power GmbH is a global renewable energy company. VENCO Power is engaged in the design, manufacturing and sale of small wind vertical axis turbines designed to generate 0.3, 1.0 and 50.0 kW of clean, renewable electricity. Additional information can be found at http://www.vencopower.com
Helix Wind, Corp.: Helix Wind, Corp., a global renewable energy company, is engaged in the design, manufacturing and sale of small wind vertical axis turbine designed to generate 300W, 1kW, 2.0kW, 4.0kW, and 50kW of clean, renewable electricity. Additional information can be found at http://www.helixwind.com
Safe Harbor Statement:
A number of statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including our ability to consummate the closing, our ability to raise capital when needed and on acceptable terms and conditions, 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.
19Helix Wind, Corp. Inks Groundbreaking Deal To Offer Financing Of Small Wind Turbines To Individuals And Small Businesses
San Diego, CA – August 26, 2009 – Helix Wind Corp. (OTCBB: HLXW), a global renewable energy company, announced today that it has established a joint venture with Atoll Financial Group (AFG), Washington, DC, to develop products and financing mechanisms to offer individuals, small businesses, commercial users and its distributors’ financing of its small wind turbines.
Helix Wind CEO Ian Gardner said, “We are excited to be the only small wind company to offer individuals and small businesses financing for small wind turbines, which can make purchasing renewable energy much more accessible to consumers.” Under the terms of the joint venture, Helix Wind will finance turbines for distributors and end users.
The program will provide financing to individuals, businesses, commercial users of volume orders as well as short-term and trade finance to distributors. The benefit for individuals and small businesses is a smaller cash outlay and the ability to match expenditure with their electric bill savings. For commercial users with aggressive pay-back periods, the financing will also create cash flow. Importantly, Helix Wind distributors will be able to purchase and carry inventory. This will greatly minimize turnaround time for customers and help the company's distributors manage cash flows.
The arrangement will also enable Helix Wind to build manufacturing facilities, if needed, in those markets where demand supports the investment as well as finance export sales into countries were Helix Wind does not yet have a local partner.
Finally, the Joint Venture will offer financing to Energy Services Companies (ESCO) and Renewable Energy Services (RESCO) companies. ESCO’s and RESCO’s provide discounted energy services to commercial end users under Power Purchase Agreements or leasing models. Providing needed financing to ESCO’s and RESCO’s will help deliver increased energy savings to their customers and drive adoption of Helix Wind’s technology.
“This joint venture with Atoll Financial Group provides Helix Wind with the operational flexibility we need to grow. Being able to offer financing to our customers and distributors is a significant accomplishment,” Gardner said.
About Atoll Financial Group: A Washington, DC-based financial services company, Atoll Financial Group specializes in assisting public and privately owned corporations in raising funds in the capital market for the realization of long-term, multi-million dollar projects. For more information: http://atollfinancial.com/about/about_us.php
About Helix: Helix Wind is a global renewable energy company. Helix Wind is engaged in the design, manufacturing and sale of small wind vertical axis turbine designed to generate 300W, 1kW, 2.0kW, 4.0kW, and 50kW of clean, renewable electricity. Additional information can be found at http://www.helixwind.com
Safe Harbor Statement: A number of statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including our ability to finance the projects and a mutually satisfactory joint venture agreement, our ability to raise capital when needed and on acceptable terms and conditions, 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.
18Helix Wind, Corp. Signs LOI To Acquire All Assets Of Abundant Renewable Energy And Renewable Energy Engineering
San Diego, CA – August 18, 2009 – Helix Wind Corporation (OTCBB: HLXW) announced today the signing of a non-binding Letter of Intent to acquire all of the business assets of Abundant Renewable Energy, LLC (ARE) and Renewable Energy Engineering, LLC (REE). The acquisition of ARE will bring two additional products to the Helix Wind portfolio. The ARE110 (2.5KW) and ARE442 (10KW) are both optimized for energy production in low wind sites. The wind energy systems boast direct grid-connect without batteries, battery charging systems, powerful blades, efficient alternators and sophisticated controls making for quiet, consistent and reliable wind generators. In addition, both turbines are qualified for rebate programs in California and New York, as well as in many other states.
Following the acquisition, ARE Founder and President Robert W. Preus is expected to add his industry expertise and experience to the Helix Wind team. Mr. Preus has 25 years experience in mechanical, hydraulic, pneumatic, and electro-mechanical systems and controls. He began ARE in 1998 and built a team to design, manufacture, and distribute small wind generators, towers, and controls. He developed the company into a network of over 200 dealers across the U.S. and Canada, and contributed the manufacturing and distribution business into Abundant Renewable Energy, LLC in 2007 while retaining the design engineering and consulting business as Renewable Energy Engineering, LLC.
Helix Wind Chairman and President Scott Weinbrandt commented, “Successful completion of this transaction will further expand our business in the renewable energy space. Robert Preus is a highly respected industry veteran and will be a great addition to our technical team, with depth of knowledge about all aspects of the small wind value chain, great industry contacts, and experience with testing and certification. We are proud that Helix is continuing its strategy to roll up other “best of breed” alternative energy and small wind companies to become the dominant company in this business.”
Pursuant to the LOI, Helix Wind intends to purchase all the business assets of ARE related to the company’s design, manufacture, marketing, sales and service of wind turbines, towers, electronic controls, related equipment and software, as well as accounts receivable, inventory pre-paid items and cash. Simultaneously, Helix Wind intends to purchase all business assets of REE related to the engineering, design and testing of wind turbines, towers, electronic controls and related equipment and software. Helix Wind will also assume the outstanding liabilities associated with the purchased assets. The total purchase price of the acquisitions will range from $4 million to $6.5 million (depending on the fulfillment of certain future earn-outs based on ARE’s financial projections) in cash and restricted stock of Helix Wind. The timing of the closing is contingent on, among others, the completion of financing by Helix Wind no later then November 1, 2009. Closing for both acquisitions is subject, among other things, to negotiation and execution of definitive agreements with ARE, completion of customary due diligence, and since the assets are being purchased out of bankruptcy, court approval of the acquisition.
About Helix: Helix Wind Corp., a global renewable energy company, is engaged in the design, manufacturing and sale of small wind vertical axis turbine designed to generate 300W, 1kW, 2.0kW, 4.0kW, and 50kW of clean, renewable electricity. Additional information can be found at http://www.helixwind.com
Safe Harbor Statement: A number of statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including our ability to pay the notes when they mature, 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, 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.
17Helix Wind Retains Stern & Co. to Provide Media Relations/ Public Relations CounselHelix Wind Retains Stern & Co. to Provide Media Relations / Public Relations Counsel
Helix Wind Corp. (OTCBB:HLXW), a global renewable energy company, today announced it has retained Stern & Co. to provide media relations and public relations services. Founded in 1993, Stern & Co. is a leading New York-based communications firm that designs and implements media and public relations campaigns for publicly traded companies, private companies and financial institutions. The firm’s West Coast office is located in Los Angeles.
CEO Ian Gardner of Helix Wind said, “We are pleased to be working with Stern & Co. to help us spread the word about the competitive edge of our technology, which produces electricity from wind generated on the home, farm or business property.”
“We expect to create an aggressive communications program,” said Richard Stern, chairman of Stern & Co., “that fully conveys Helix Wind’s compelling story in order to secure for the company the recognition it deserves.”
Helix Wind Corp.:
Helix Wind Corp., a global renewable energy company, is engaged in the design, manufacturing and sale of small wind vertical axis turbine designed to generate 300W, 1kW, 2.0kW, 4.0kW, and 50kW of clean, renewable electricity. Additional information can be found at http://www.helixwind.com
Safe Harbor Statement:
A number of statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including our ability to pay the notes when they mature, 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, 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.
16Helix Wind Corp. Announces Mick Sagrillo as Independent Consultant
Helix Wind, Corp. (OTCBB: HLXW) has retained the services of Mick Sagrillo as an independent consultant to help the company review their wind turbine test plans and protocol for testing wind turbines. Mr. Sagrillo will also provide guidance with documenting proper and accurate performance data that is consistent with developing industry standards.
Sagrillo has been involved in the small wind industry for over 28 years, currently as a consultant, educator, and columnist for the American Wind Energy Association’s Windletter, and the American Solar Energy Association’s Solar Today Magazine, and a contributor to Home Power Magazine.
“Mick Sagrillo has been studying, installing and working with small wind power systems for well over twenty years," said Ian Gardner, Helix Wind’s CEO. "We are extremely fortunate that a professional with Mick’s skills, integrity, experience and proven leadership is consulting for Helix Wind."
About Sagrillo: Sagrillo Power & Light provides consulting services and educational workshops on residential and small-sized wind systems nationally and internationally.
About Helix: Helix Wind is a global renewable energy company. Helix Wind is engaged in the design, manufacturing and sale of small wind vertical axis turbine designed to generate 300W, 1kW, 2.0kW, 4.0kW, and 50kW of clean, renewable electricity. Additional information can be found at http://www.helixwind.com.
Safe Harbor Statement: A number of statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including our ability to pay the notes when they mature, 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, 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.
15Helix Wind, Corp. Engages Dominick & Dominick LLC As Its Financial Advisor And Investment Banker
San Diego, CA – August 6, 2009 - Helix Wind Corp. (OTCBB: HLXW) announced today that it has engaged Dominick & Dominick LLC (“Dominick”) as its exclusive financial advisor and investment banker in connection with a proposed secondary offering and other corporate finance-related needs.
“Dominick & Dominick is one of the oldest financial institutions in the country and one of the earliest members of the New York Stock Exchange, said Ian Gardner, Helix Wind’s CEO. “We’re very excited about our new relationship with such an outstanding firm and are confident our company, shareholders and customers will benefit from Dominick’s advice and experience”.
About Helix: Helix Wind is a global renewable energy company. Helix Wind is engaged in the design, manufacturing and sale of small wind vertical axis turbine designed to generate 300W, 1kW, 2.0kW, 4.0kW, and 50kW of clean, renewable electricity. Additional information can be found at http://www.helixwind.com
Safe Harbor Statement: A number of statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including our ability to pay the notes when they mature, 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, 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.
14Helix Wind, Corp. Provides Sales And Product Order Update
San Diego, CA – July 24, 2009 – Helix Wind, Corp. (OTCBB: HLXW) is pleased to provide an update on sales and product orders for 2009. Through July, Helix has shipped or sold 108 units (52 S322 models and 56 S594 models), including signed purchase orders for 16 S594 units, with an aggregate total of $236,584, and 15 S322 units, totaling $138,365. The total value of the units shipped and/or sold is approximately $1.2 million including $186,575 in purchase orders for this month. The company has 23 S322 and 16 S594 units still available for sale from its current production run. Helix Wind plans to ramp up future production as its products continue gaining market acceptance as a standard in small wind."We're proud of our sales progress so far this year," said Ian Gardner, Helix Wind’s CEO, "Our products have received immense interest from the marketplace and our customers are pleased with the performance of our units.. The entire Helix team is excited about our sales trajectory so far in 2009, and we're looking forward to continuing the growth of the company."
About Helix: Helix Wind is a global renewable energy company. Helix Wind is engaged in the design, manufacturing and sale of small wind vertical axis turbine designed to generate 300W, 1kW, 2.0kW, 4.0kW, and 50kW of clean, renewable electricity. Additional information can be found at http://www.helixwind.com
Safe Harbor Statement: A number of statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including our ability to pay the notes when they mature, 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, 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.
13Helix Wind, Corp. Announces Close Of Private Offering
Offering Results in the Issuance of $5.1M in Convertible Notes and 11.9M Warrants
San Diego, CA – July 21, 2009 – Helix Wind, Corp. (OTCBB: HLXW) announced today the close of its private offering. Commencing in February 2009 and ending last week, the company issued an aggregate total of $5.1M in 9% convertible notes and 11.9M warrants to purchase 11.9M shares of common stock. Included in the issuance total is $2.2M of Helix Wind exchange notes from the company’s February 2009 reverse merger transaction. Helix Wind is pleased that $165,000 due to vendors have also been converted into this investment, showing confidence in our business model.
The funds from the offering will be used to meet general working capital needs through the end of the year, as Helix Wind intends to proceed with a larger institutional round of financing by year end to finance its growth plan through acquisitions. Ian Gardner, Helix Wind’s CEO, said “Raising this capital is a critical step in developing and growing our business. With this funding in place, the entire Helix Wind team is looking forward to executing on the operational aspects of our business plan and bringing the benefits of small-wind power generation to our customers.”
The securities offered and sold in the private placement have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. As part of the terms of the private placement, Helix Wind is obligated to file a registration statement to register for resale under the Securities Act the shares of common stock issuable in connection with this private placement.
About Helix: Helix Wind is a global renewable energy company. Helix Wind is engaged in the design, manufacturing and sale of small wind vertical axis turbine designed to generate 300W, 1kW, 2.0kW, 4.0kW, and 50kW of clean, renewable electricity. Additional information can be found at http://www.helixwind.com
Safe Harbor Statement: A number of statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including our ability to pay the notes when they mature, 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, 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.
12Helix Wind, Corp. Announces Study To Compare Turbine Performance
San Diego, CA – July 14, 2009 – Helix Wind, Corp. (OTCBB: HLXW.OB) plans to perform comparative testing on a variety of leading small turbines at its test facility in eastern San Diego county. The test plan and results, to be completed by Q3, 2009, will be the first study of its kind and will be evaluated by an independent third party to conform to the AWEA standards for small wind testing. Under the plan Helix Wind will install and test its own turbines in addition to those from several other manufacturers including Mariah Power, Windside, VENCO Power Systems, Cleanfield Energy, and Southwest Windpower. The results will be used to evaluate actual system performance under real world conditions.
“Helix is committed to transparency and integrity in the small wind industry, and to accurately communicating product benefits to customers. The April 2008 Cadmus Group study of small horizontal axis wind turbines (HAWT) in Massachusetts clearly documented the gross overestimates being given for energy generation, on average by a factor of 3 to 4 said Helix Wind, Corp. CEO Ian Gardner. Helix Wind’s strategy of developing or acquiring best in class small wind technologies is grounded in the belief that system performance must be realistic and accountable. This comparative test will allow us to document real performance under field conditions and provide customers with realistic and accountable information.”
Small wind consultant and noted lecturer and author, Paul Gipe, commented “a study of this kind is long overdue to ensure the legitimacy and success of the small wind industry, especially of those that manufacture vertical axis wind turbines.”
About Helix: Helix Wind is a global renewable energy company. Helix Wind is engaged in the design, manufacture and sale of small wind vertical axis turbines generating 300W, 1kW, 2.0kW, 4.0kW, and 50kW of clean, renewable electricity as well as smart grid systems to monitor turbine performance and operations. Additional information can be found at http://www.helixwind.com
Safe Harbor Statement: A number of statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. 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, 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.
11Helix Wind, Corp. Announces Smart Grid Technology
SMARTLY MANAGE YOUR WIND TURBINE REMOTELY
San Diego, CA – June 30, 2009 – Helix Wind, Corp. (OTCBB: HLXW.OB) has added smart grid technology to its line of Small Wind Vertical Axis Turbines to manage performance and uptime of Helix Wind systems. The new monitoring system named Helix Wind WTMS (Wind Turbine Monitoring System) is a solution enhancement to any Helix Wind turbine. The system monitors, records, and reports a broad variety of performance metrics in real time, including: wind speed, turbine output, inverter data, generator frequency, and a variety of other variables. Phase 1 of the platform will monitor and report information to Helix Wind’s Network Operating Center (HNOC.) The unit will be sold in two configurations. The standard unit for wired Ethernet connection retails for $1,200.00 and with the addition of a wireless based enhancement retails for $1,500.00.
"The Helix WTMS smart grid technology is compatible with all Helix Wind Turbines. Uptime, reliability, and accountability, are the hallmarks of all Helix Wind solutions and by adding an additional smart feature enhancement to the Helix product line, Helix will offer a broader array of managed solutions." said Helix Wind Chairman & President Scott Weinbrandt. "This is the first phase of smart grid technology solutions to come from Helix Wind."
About Helix: Helix Wind is a global renewable energy company. Helix Wind is engaged in the design, manufacturing and sale of small wind vertical axis turbine designed to generate 300W, 1kW, 2.0kW, 4.0kW, and 50kW of clean, renewable electricity. Additional information can be found at http://www.helixwind.com
Safe Harbor Statement: A number of statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. 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, 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.
10Helix Wind, Corp. Signs Binding LOI to Acquire VENCO Power GMBH of Germany
San Diego, CA – June 25, 2009 – Helix Wind, Corp. (OTCBB:HLXW.OB) has signed a binding Letter of Intent to acquire VENCO Power GmbH of Germany. The total purchase price of VENCO will depend on the value of the Euro at closing and will range from 2.75MM to 3MM EUR in cash and restricted common stock of Helix Wind, Corp. The acquisition of VENCO will bring 15 years of vertical axis wind turbine development and experience and broaden the product portfolio of Helix Wind by providing 3 additional small wind turbines to complement Helix Wind’s existing vertical axis solutions, the S322 and S594. Helix Wind will now offer two technology types of vertical axis wind turbines, Savonius and Darrieus, which complement each other for different types of vertical market solutions. Helix Wind will start selling the D100, D361, and D15000 models from VENCO immediately . The benefit of having two technology types of vertical axis products will enable our distributors to support a wider range of customer requirements in many vertical markets with different price points and levels of performance output. Inorganic acquisition growth allows Helix Wind to continue executing its business plan by being product, market, and solution agnostic in the expansion of needed small wind solutions. In addition, the acquisition provides extensive development experience to add additional headcount and engineering talent to Helix Wind’s existing team. The acquisition will occur when, among other conditions, Helix Wind obtains audited financial statements of VENCO Power as required by SEC rules.
Helix Wind CEO Ian Gardner commented, "The nature of inorganic growth through acquisition to purchase VENCO Power GmbH allows Helix Wind, Corp. to continue executing on its business plan to more accurately reflect global solution based small wind needs by providing the best technologies within a small wind vertical axis product line. This completes the next phase in the development and execution of our product portfolio to provide agnostic solutions internationally and to position the company as a broader partner in solving renewable energy challenges."
Reinhard Caliebe of VENCO Power GmbH commented, "The sale of VENCO Power will benefit the shareholders of both companies by providing the best of vertical axis wind turbines under one company, Helix Wind. With VENCO’s 15 years of extensive product development in Darrieus vertical axis small wind products, it is best served to provide both technologies within a single product portfolio for broader market coverage and solution selling. We are very pleased to be announcing this strategic Letter of Intent with Helix Wind to deliver the best of European and American development together resulting in multiple platforms and solutions."
About Helix: Helix Wind is a global renewable energy company. Helix Wind is engaged in the design, manufacturing and sale of small wind vertical axis turbines designed to generate 300W, 1kW, 2.0kW, 4.5kW, and 50kW of clean, renewable electricity. Additional information can be found at http://www.helixwind.com
About VENCO: VENCO Power GmbH is a global renewable energy company. VENCO Power is engaged in the design, manufacturing and sale of small wind vertical axis turbines designed to generate 0.3, 1.0 and 50.0 kW of clean, renewable electricity. Additional information can be found at http://www.vencopower.com
Safe Harbor Statement: A number of statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. 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, 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.
09Helix Wind, Corp. Announces Strategic Development Partnership With CheckPoint Process Pumps & Systems
Helix Wind CEO Ian Gardner commented, "This strategic development agreement with CheckPoint illustrates Helix's commitment to addressing solution-based small wind needs around the world. We are excited to provide a new, economically attractive way for petroleum producers to reduce their carbon footprint, and are pleased to play a major role in the development of a much needed renewable energy platform for the oil and gas industry."
CheckPoint CEO Andy Elliott stated "Integrating the Helix Wind turbine into a novel, co-developed energy storage and pumping solution will deliver a very attractive value proposition for our customers worldwide. Oil and gas producers are highly motivated to adopt renewable energy solutions and have been implementing stringent policies to progressively reduce their impact on the environment. A turnkey, wind-powered system for many thousands of remote field locations offers greater reliability and safety over traditional systems, including even the newest solar-powered ones, reduces maintenance overhead, and enables field locations to reduce or eliminate emissions at latitudes where solar solutions cannot be economically justified. It’s a unique win/win for our customers and for the environment."
About Helix: Helix Wind is a global renewable energy company. Helix Wind is engaged in development, manufacturing and sale of small wind turbines designed to generate 2.0 to 4.5 kW of clean, renewable electricity. Additional information can be found at www.helixwind.com.
Safe Harbor Statement: A number of statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including our ability to jointly develop a prototype, successfully market and sell the product, our ability to raise capital when needed and on acceptable terms and conditions, 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.
08Helix Wind, Corp. Announces Strategic Relationship with Synergy CaliforniaLP for Deployment of Small Wind Turbines for Newly Developed OklahomaMedical Research Foundation
San Diego, CA – June 3, 2009 – Helix Wind, Corp. (OTCBB:HLXW.OB) announced today that it has entered into a joint distribution agreement with Synergy California LP for the deployment of small wind vertical axis turbines designed, developed and manufactured by Helix Wind. The first major project with Synergy California will deploy 25 Helix Wind S594 Systems providing alternative energy to the Oklahoma Medical Research Facility in Oklahoma City, Oklahoma. Ground-breaking ceremonies held on May 18th at the Medical Research Facility showcasing the final installation of the first Helix Wind platform were attended by over 100 individuals who saw the DNA shaped turbine start generating electricity. The choice to deploy Helix Wind vertical axis wind turbines over horizontal technologies continues to prove to be the best solution and a significant advantage in turbulent wind conditions to capture and produce the best possible energy output. When combined with federal, state and local tax incentives and rebates, they also deliver a significant return on investment advantage over other horizontal wind-based solutions."The strategic distribution agreement with Synergy California moves small wind into the mainstream of new urban development projects by providing efficient electrons with an elegant esthetic view." said Helix Wind Chairman & President Scott Weinbrandt. "Providing a solution to reduce the cost of traditional carbon based fossil fuel is a huge step forward in reducing carbon footprint in major cities. The deployment of Helix Wind turbines in support of a major research center in an urban setting is a key milestone for us, and we're proud to be a renewable energy solutions provider to the Oklahoma Medical Research Foundation."
Synergy California CEO Reinhold Ziegler commented, “Using Helix Wind’s S594 small wind turbine system will significantly reduce traditional fuel costs and provide a renewable energy foundation for facilities such as OMRF. The 185,000 square feet laboratory adds additional space to the existing research campus. This facility will become Oklahoma’s second gold-certified LEED (Leadership in Energy and Environmental Design) building and first research lab. When the project is completed, 25 S594 wind turbines will be integrated into ducted-shrouds of the building. This is the first micro-wind farm on a building in the world.”
About Helix: Helix Wind is a global renewable energy company. Helix Wind is engaged in development, manufacturing and sale of small wind turbines designed to generate 2.0 to 4.5 kW of clean, renewable electricity. Additional information can be found at http://www.helixwind.com
Safe Harbor Statement: A number of statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. 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, 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.
07Helix Wind, Corp. Board of Directors Review
New York, NY – May 19, 2009 – Helix Wind, Corp. (OTCBB:HLXW.OB) is pleased to provide a review of its Board of Directors. Helix Wind derives excellence from its strong and multi-disciplinary executive team. The Board currently includes Ian Gardner CEO and Scott Weinbrandt Chairman and President.Mr. Ian Gardner, the company's Chief Executive Officer, gained extensive international experience as part of Duke Energy’s development team, acquiring and building large- scale generation and distribution projects. Subsequently, Gardner was lead analyst for the Boston Consulting Group’s International Energy and Utilities practice, working on projects in the electric and natural gas industries. After completing his MBA, Gardner led several startups in the broadband media and wireless spaces. Two years of business planning and development experience at The Esalen Institute in Big Sur augment his business background and have equipped him with a broad exposure to sustainable technologies, construction and human development. He holds a BS degree in Pre-Med from Davidson College in North Carolina and an MBA, with concentrations in technology and entrepreneurial studies, from UCLA.
Mr. Scott Weinbrandt, Helix Wind's Chairman and President, has approximately 25 years of high tech and venture capital experience. Prior to joining Helix Wind, Mr. Weinbrandt was founder, CEO, and chairman of GoPaperless Solutions, Inc., an encrypted signature solutions provider. Previously, Scott was Senior Vice President of the Business Division of Gateway, Inc., where he was responsible for approximately $1.7 Billion in revenues and one of the company’s only profitable divisions. Beforehand, Mr. Weinbrandt held senior executive positions with Dell Computer Corporation, starting and running the Enterprise Computing Division and capturing 24% of the Enterprise computing market within 36 months. While at Dell, Scott also ran the company's Venture Capital Group for the public sector for a year. Mr. Weinbrandt has consulted for Solana Capital Partners, raising capital in the high-tech, medical, and software markets, and he has held board positions with MiNT and Meltronix Corporations. Mr. Weinbrandt holds a BS in Computer Science from San Diego State University.
“The skills, integrity, experience and proven leadership of Helix Wind’s management team is an advantage to the company,” said Ian Gardner, CEO, "We anticipate expanding both our executive team and Board of Directors in the near future.”
About Helix: Helix Wind is a global renewable energy company. Helix Wind is engaged in development, manufacturing and sale of small wind turbines designed to generate clean renewable electricity. Additional information can be found at http://www.helixwind.com
Safe Harbor Statement: A number of statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. 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, 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.
06Clear View Acquisitions Changes Its Name To Helix Wind, Corp.
Trading under new Ticker Symbol HLXW and New CUSIP number 42331P106New York, NY – April 27, 2009 – Helix Wind, Corp. (OTCBB: HLXW.OB, formerly CVAC.OB) announced today that it has changed its name following an affirmative vote by stockholders on March 11, 2009. The name change reflects the previously disclosed acquisition of Helix Wind, Inc. completed on February 11, 2009. Helix Wind is trading under a new ticker symbol, HLXW effective April 24th, 2009 and has also received a new CUSIP number (42331P106). The Company continues trading on the Frankfurt Stock exchange under the symbol VUU1, WKN A0RCNZ.
Helix Wind Chairman & President Scott Weinbrandt commented, “Changing our name to Helix Wind, Corp. accurately reflects our business focus in renewable energy and in the small wind market. This modification to Helix Wind’s public profile makes it clear to our customers and shareholders that we have successfully completed the merger transaction. We continue to focus company efforts on executing our business plan and attaining additional financing.”
About Helix: Helix Wind is a global renewable energy company. Helix Wind is engaged in development, manufacturing and sale of small wind turbines designed to generate 2.5 to 4.5 kW of clean, renewable electricity. Additional information can be found at http://www.helixwind.com
Safe Harbor Statement: A number of statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. 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, 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.
05Luce Forward Counsels Helix Wind, Taking First Small Wind Renewable Energy Company Public
Luce Forward represents Helix Wind, Inc. to complete its merger with public shell Clearview Acquisitions, Inc.
IRVINE, Calif. (March 11, 2009) – Luce, Forward, Hamilton & Scripps today announced it represented Helix Wind, Inc. in taking the global renewable energy company public through a reverse merger into Clearview Acquisitions, Inc.
The merger represents the first small wind renewable energy company to go public. Despite the challenging capital markets, Luce Forward’s securities lawyers worked closely with Helix Wind, helping drive the transaction to a successful completion.
“The successful completion of the Helix Wind transaction deal is an example of the deep knowledge, breadth and diversity of Luce Forward’s statewide client service capabilities, especially in securities, climate change and clean technology,” said Kurt L. Kicklighter, Luce Forward’s Managing Partner. “This transaction illustrates how we can provide efficient, results-oriented sophisticated capital transactions expertise to cutting-edge clients.”
Luce Forward’s business / corporate group counseled Helix Wind through the entire process over four months, and successfully brought to bear its expertise in capital market transactions, and mergers and acquisitions in the successful completion of this transaction.
“We are pleased to have the opportunity to use our distinct skills in representing Helix Wind as the first small wind renewable energy company to go public,” said William Tolin Gay, Of Counsel and leader of the Luce Forward team on the transaction. “We are excited about the impact created from providing our guidance during the second phase of the company’s comprehensive business plan, which included an additional capital round.”
Luce Forward is a leading California law firm with approximately 185 attorneys throughout the State. The firm recently established its environmental alternative energy practice group, and continues to be progressive in its long-term plan for strategic growth throughout California to better serve its clients.
“With the approval of the new administration’s Stimulus package supporting Federal tax benefits in the U.S. up to 30 percent for small wind products combined with State and Local tax and rebate benefits, it is an excellent time for our client base to be purchasing small wind products to provide electricity to off set the cost of traditional grid based electricity or fossil fuel products with our small wind vertical axis wind turbines. The Federal rebate alone can help off set the financial challenges facing Big Wind and Solar products in the renewable energy industry,” said Scott Weinbrandt, Chairman & President of Helix Wind, Inc. “With Luce Forward’s expertise, we were able to maximize on the opportunity to take our company public, and look forward to allowing our shareholders to share in Helix Wind’s full value and continued success.”
Helix Wind is engaged in the manufacture and sale of small wind turbines designed to generate 2.5 to 5 KW of clean, renewable electricity for residential, suburban and urban use. Clearview Acquisitions was established to acquire and develop quality projects in the United States and abroad. The focus of the company is to seek out and selectively acquire companies for public markets.
Founded in 1873, Luce, Forward, Hamilton & Scripps LLP is a full-service California law firm with offices in San Diego, San Francisco, Los Angeles, Carmel Valley/Del Mar, Orange County, and Rancho Santa Fe. For more information, visit www.luce.com.
04Clearview Acquisitions Closes Merger With Helix Wind, Inc.
CLEARVIEW ACQUISITIONS CLOSES MERGER WITH HELIX WIND, INC.
New York, NY – February 12, 2009 – Clearview Acquisitions, Inc. (OTCBB:CVAC) announced today that it has completed its previously-disclosed acquisition of Helix Wind Inc. As previously reported in the January 29, 2009 press release, Helix Wind is engaged in the manufacture and sale of small wind turbines designed to generate 2.5 to 5 KW of clean, renewable electricity.
Clearview acquired 100% of Helix Wind in consideration of approximately 20.5 million shares of common stock. As a condition to the closing, Clearview had issued $650,000 of 9% Convertible Notes and warrants. The convertible notes issued by Helix Wind in the aggregate principal amount of $1.9 million were exchanged for the 9% Convertible Notes issued by Helix Wind. Clearview will change its public name to Helix Wind, Incorporated as soon as possible. The company is currently quoted in the United States over the counter under the symbol CVAC and on the Frankfurt Stock exchange under the symbol VUU1 (WKN A0RCNZ).
Helix Wind’s products help provide energy independence. As a resource that never runs out, wind is an abundant, renewable, emissions-free energy source that can be utilized on both large and small scales. At the soul of Helix Wind lies the belief that energy self-sufficiency is a responsible and proactive goal that addresses the ever-increasing consequences of legacy energy supply systems.
“We’re excited to close the transaction with Clearview Acquisitions.” noted Helix Wind Chairman & President Scott Weinbrandt. “This is the first phase in our comprehensive business plan, which includes an initial capital round. From here we are looking forward to executing phase two of our plan including but not limited to a capital raise of up to $3.5 million. These funds will allow our shareholders to realize Helix Wind’s full value by enhancing our product portfolio, manufacturing process and channel partners.”
About Clearview: Clearview Acquisitions was established to acquire and develop quality projects in the United States and abroad. The focus of the company is to seek out and selectively acquire companies for public markets.
About Helix Wind: Helix Wind Inc. is a global renewable energy company with a focus on small wind turbines designed for residential, suburban and urban use. Additional information can be found at http://www.helixwind.com. Safe Harbor Statement: A number of statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities
Litigation Act of 1995. 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, the intensity of competition and general economic factors. The actual results Clearview may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. Clearview encourages the public to read the information provided here in conjunction with its most recent filings, which may be viewed at www.sec.gov.
03Clearview Acquistions Signs Definitive Purchase Agreement with Helix Wind, Inc.
New York, NY – January 29, 2009 – Clearview Acquisitions, Inc. (OTCBB - CVAC) is pleased to announce it has executed a definitive purchase agreement with Helix Wind, a global renewable energy company. Under the terms of the agreement, Clearview will acquire 100% of Helix in consideration of approximately 20.5million common shares of stock. When the transactions contemplated by the purchase agreement are consummated, Helix will become a wholly owned operating subsidiary of Clearview, with current HelixWind, Inc. management continuing to run day-to-day operations of the company. Closing of the transaction is subject to customary conditions, including the receipt of the cancellation by Clearview of a total of 49,180,075 common shares and a capital raise by Clearview of not less than $650,000. Clearview Acquisitions, Inc. is currently quoted inthe United States over the counter under the symbol CVAC and on the Frankfurt Stock exchange under the symbol VUU1, WKN A0RCNZ.According to information provided to Clearview by Helix Wind, Inc. Helix Wind has gone to market with a tested and proven patent pending technology. Helix Wind hopes to revolutionize the small wind industry and related markets by providing cost effective residential and commercial vertical axes wind turbines. Helix Wind systems have high aesthetic design appeal, are priced for performance, environmentally safe, and provide unprecedented customer service and support.
Helix Wind offers two models of its Vertical Axes Wind Turbines (VAWT) for electricity generation. The Helix Wind S322 is a 2.5kW rated unit and is suitable forresidential and other vertical market applications, while the S594 is a 5kW rated system suitable for residential and commercial applications which can produce electricity through all wind speeds and conditions.
Helix Wind, Inc. is headquartered in San Diego, CA. Its U.S. operations primarily carry out R&D, Sales and Marketing. Most of the manufacturing is in countries with quality,labor, and operational cost advantages, utilizing multiple vendors in Southeast Asia.
“We are pleased about this transaction and look forward to closing in the very near future. With a highly experienced management team of professionals and state of the art technology, we believe that Helix Wind, Inc. has all the tools necessary to continue building a strong renewable energy business attractive to investors," said Helix Chairman& President Scott Weinbrandt. "This transaction is a great example of how we have been able to secure financing on attractive terms even in a challenging capital environment.”
About Clearview: Clearview Acquisitions was established to acquire and develop quality projects in the United States and abroad. The focus of the company is to seek out and selectively acquire companies for public markets.
About Helix: Helix Wind is a global renewable energy company. Helix Wind is a paradigm breaking distributed power technology platform for the mass market.Additional information can be found at http://www.helixwind.com.
Safe Harbor Statement: A number of statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions of the PrivateSecurities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including the successful consummation of the transaction,insufficient capital to effectuate the business plan of Helix, currency exchange rates, and general economic factors. The actual results Clearview may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. Clearview encourages the public to read the information provided here in conjunction with its most recent filings, which may be viewed at www.sec.gov.
02U.S. based Helix Wind, Inc. becomes an official renewable energy supplier of the 2008 BNP Paribas Davis Cup Finals between Argentina and Spain
U.S. based Helix Wind, Inc. becomes an official renewable energy supplier of the 2008 BNP Paribas Davis Cup Finals between Argentina and Spain.This year the Davis Cup Finals will use environmentally friendly wind energy powered by Helix Wind, Inc.
Mar del Plata, November 21, 2008. U.S. based Helix Wind, Inc., a designer and manufacturer of vertical axis small wind turbines, and EDAL RE Inc., an Argentina based renewable energy generation company, have joined up as official supplier of the Finals for the Davis Cup (BNP Paribas) Argentina vs. Spain, which will be played between November 21st and 23rd in the city of Mar del Plata. EDAL RE is the exclusive distributor of Helix Wind small wind turbines in Argentina and Brazil.
Two Helix Wind model S322, 2.5kW vertical axis wind were deployed in Mar del Plata stadium as an example of an ecologically friendly way to use renewable energy. The new turbine design represents the latest technology in electricity generation and aesthetics and the wind energy converted to electricity will be used in the Finals of the Davis Cup. “It’s a pioneering effort for a major sporting event in Argentina or anywhere in the world” said Freddy Molina, Director of EDAL RE Inc.
“The Helix Wind vertical axis turbine design can receive wind from any direction (as opposed to traditional horizontal windmills) and generate electricity with a functional and elegant iconic design which blends nicely with the Mar del Plata Stadium architecture” said Scott Weinbrandt, Chairman & President of Helix Wind, Inc. “We are very pleased to be a major sponsor and supplier of renewable energy for such a prestige’s sporting event as the Davis Cup.”
San Diego, CA based Helix Wind, Inc. develops, manufactures, and sells small wind turbines in 2.5kW or 5kW designs which can be deployed in many vertical markets and industries, as well as for businesses or residences. They utilize a very small footprint and are easy to install.
01Helix Wind Signs Commercial High Rise Integrated Development Deal for 1,000 Units
SAN DIEGO, California – May 8, 2008 -San Diego, CA based Helix Wind, Inc., today announced a Memorandum of Understanding (MOU) with Sausalito based Synergy California, L.P. to develop integrated building wind power solutions for high rise commercial and residential projects worldwide. Synergy, which is on retainer with Perkins + Will, KMD –Architects and SOM specializes in the design of integrated high rise wind energy solutions and brings a global network and reputation for innovative solutions to the relationship. The companies will jointly pursue the development of shrouded and ducted electrical generation and management systems and Synergy will purchase approximately 1,000 vertical axis wind turbine (VAWT) energy systems from Helix over the next five years. According to Helix President, Scott Weinbrandt, “Synergy is at the forefront of developing creative solutions to capture the potential of wind energy and make commercial buildings self sufficient. We are excited to match an iconic groundbreaking product like Helix Wind with such an innovative and powerful design initiative.”
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