XZERES Acquires First Three Micro-Generation Customers -- Min of $1.1M in Value
posted on
Dec 16, 2010 10:33AM
XZERES Wind Corporation (PINKSHEETS: XWND), designer, developer and producer of distributed generation, wind power systems for the small wind market (2.5kW-100kW), announced today the signing of the first three customers under the Company's recently launched Micro-Generation Utility model. Representing three separate contracts, the minimum total combined dollar value is expected to total approximately $1.1 million.
These initial contracts demonstrate the diversity of customers to which this compelling new program appeals: one of the largest dairy farms in Tillamook, Oregon, a large dairy farm in Astoria, Oregon and a construction consulting firm in Southern California will install a total of 14 XZERES 442 10kW small wind power systems. The installed systems will provide a significant portion of each customer's energy needs with clean, renewable energy for a price less than the customer's local utility rates over the life of the equipment.
"The signing of our first Micro-Generation Utility customers less than a month after we launched the program is a testament to the success of this unique business model. We have created a highly economical and mutually beneficial energy delivery solution," said Frank Greco, XZERES' CEO.
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*Xzeres Wind Corp. is an AGORACOM Client