DGAP-News: City Windmills Ltd.: City Windmills Ltd. Initiates Partnership with French Windmill Company Verteole to enhance its offer for the North American Markets
(firmenpresse) - DGAP-News: City Windmills Ltd. / Key word(s): Miscellaneous
City Windmills Ltd.: City Windmills Ltd. Initiates Partnership with
French Windmill Company Verteole to enhance its offer for the North
American Markets
08.05.2012 / 08:00
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City Windmills Ltd. Initiates Partnership with French Windmill Company
Verteole to enhance its offer for the North American Markets
ESHER, U.K., April 23rd, 2012 - City Windmills, Ltd. (Frankfurt symbol: CYW
- www.citywindmills.com) is pleased to announce its partnership with the
French company Verteole, a manufacturer of vertical axis windmills, to
enhance its offer to the North American market.
City Windmills Ltd. has recently entered into a partnership with the French
company Verteole to increase the company's offer of wind turbines for the
North American market. In order to enhance its product portfolio, City
Windmills Ltd. signed a letter of collaboration with Verteole, a French
electric wind turbine company. The agreement includes the
manufacturing/assembly performed by a U.S. Government manufacturing agency.
City Windmills will market the products and distribute them into the
Government and commercial markets in North America.
The Verteole GW system allows City Windmills to deploy its North American
strategy by offering a 1 kW system for US government entities along with
City Windmills 4.5 kW system This offers a larger scale of products and
different energy outputs for our the various customers needs.
Verteole also comes closest to our knowledge to US military and Government
standards, as it has been certified and tested in live conditions with
winds at 196 kmh (122 mph) and survived the event perfectly. Among the US
military standards for eventual utilization of their own windmills for
autonomous production of electrical energy, we find transportability and
resistance to high winds.
A video of the Verteole product is viewable on the company Web at:
http://www.citywindmills.com/partnership-verteole
Roland Bopp, CEO of City Windmills, has said: 'This is an important step
for Company to expand its product offering and serve the rapidly growing
small electric wind turbine market in the Federal Government and commercial
markets in North America'.
This press release may contain 'forward-looking statements.' Expressions of
future goals and similar expressions reflecting something other than
historical fact are intended to identify forward-looking statements, but
are not the exclusive means of identifying such statements. These
forward-looking statements may include, without limitation, statements
about our market opportunity, strategies, competition, expected activities
and expenditures as we pursue our business plan.
CONTACT:
Roland Bopp, CEO, +1 917 345 6365, roland.bopp(at)citywindmills.com
Sean Kelly, CFO, +41 79 203 7124, sean.kelly(at)citywindmills.com
End of Corporate News
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