NORTH VERNON, IN--(Marketwired - September 14, 2015) - WindStream Technologies, Inc. (OTCQB: WSTI) ("WindStream" or the "Company") is proud to announce that its subsidiary, WindStream Energy Technologies India, Pvt. Ltd. ("WET"), was recently awarded the "Most Innovative Energy Saving Product" at the 16th National Award for Excellence in Energy Management 2015, organized by the Confederation of Indian Industry ("CII") held on September 5, 2015 in Hyderabad, India. The event was presided by Chief Guest, Dr. Ajay Mathur, Director General, Bureau of Energy Efficiency, a member of the Prime Minister's Council on Climate Change.
A link to images from the CII event can be seen here: http://on.fb.me/1F6Nq9P
CII is a not-for-profit, industry-led and industry-managed organization, which plays a proactive role in India's technology development process. Founded in 1895, CII is India's premier business association, which has over 7,900 members, from private as well as public sectors, including subject matter experts and multi-national corporations, and an indirect membership of over 200,000 enterprises from around 240 national and regional industry bodies.
CII solicited applications from across India in various industry segments. With over 250 applications received by CII, all applications were evaluated by a Panel of Judges who are industry executives and thought leaders throughout the technology and energy sectors. Finalists were invited to present their best energy saving practices at the event held from September 2 through the 5th.
"We were not only honored to have been chosen by this esteemed panel of judges to present as a finalist, but to win the award for the 'Most Innovative Energy Saving Product' is truly overwhelming and a credit to all of the hard work that the WindStream engineers have put in these past years," said Dan Bates, President and CEO of WindStream.
Not only was the SolarMill® chosen by the panel of judges, but was also chosen by the people in attendance at the conference as the most innovative product on display.
"Winning this category by the judges and attendees not only validates our product from a technical perspective, but also from the standpoint of what the end user will put on his or her roof to reduce cost, ensure against blackouts and positively affect their quality of life. As we build our business in India, we expect that this award will go a long way to proving the efficacy of the SolarMill®," commented Venkat Kumar Tangirala, President of WET.
WindStream's factory in Hyderabad is currently producing the SolarMill® and selling them to customers in the residential, commercial and governmental sectors. The factory is ramping up production and expects to produce between 2,000 and 3,000 units this year. Pilot projects and/or installations have been commissioned for the Ministry of Railways, at the Railway Station, Baraut, Northern Railways & C-TARA, Hyderabad, South Central Railways, Petrol Bunk, Essar Petrol Bunks, Napur, M/s SIDVIN Plastech Pvt. Ltd. Hyderabad and Dr Mahalingam College of Engineering & Technology, Pollachi, Tamil Nadu & Bits Pilani, Goa.
About WindStream Technologies: Founded in 2008, WindStream Technologies, a public company (OTCQB: WSTI), is headquartered in North Vernon, Indiana. WindStream Technologies was established to create low-cost hybrid, renewable energy solutions for urban, suburban, and on and off-grid environments. Made in the USA, its patented SolarMill® technology is a distributed energy solution, which produces continuous renewable energy for customers that is always available. The Company's products are sold globally. For more information please visit www.windstream-inc.com.
Certain statements in this press release constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as "anticipate," "believe," "forecast," "estimate," "expect" and "intend," among others. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs but they involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, such as business and political conditions in the geographic areas in which we sell our products; weather and natural disasters; changing interpretations of generally accepted accounting principles; outcomes of government reviews; inquiries and investigations and related litigation; continued compliance with government regulations; legislation or regulatory environments, requirements or changes adversely affecting the businesses in which we are engaged.
Investors should read the risk factors set forth in the Annual Report on Form 10-K/A filed with the SEC on April 22, 2015 and future periodic reports filed with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. You are urged to consider these factors carefully in evaluating the forward-looking statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. The forward-looking statements made herein speak only as of the date of this press release and the Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.