AUSTIN, TX--(Marketwired - Mar 12, 2014) - Building Turbines, Inc. (
Star Pipe Products has been manufacturing and distributing quality iron products for the water and wastewater industry for 30 years. With fourteen distribution centers across North America and over 300 employees, Star Pipe Products remains committed to providing customers with quality products and professional service.
"We are very excited to announce this completion, and are even more so about the LED portion of our business going forward, with both Star Pipe and several other companies we are hopeful about being able to announce shortly," said John Graham, Building Turbines' CEO. He elaborated: "We made a strategic decision at one point to invest heavily in the LED side of the business because we felt the timing of the opportunities there could allow us to leverage the development of the turbines side. The turbines are more capital-intensive, and work best for both the customer and the Company in combination with LED, solar and other low-input technologies, because the turbines require more in terms of installation and maintenance, although they complement the other technologies remarkably. We believe this decision is being borne out today, and we are excited to implement some additional strategic decisions very shortly, which we believe will allow us to operate with greater precision, capitalization and transparency with our partners on the LED side, and to begin leveraging these efficiencies on the turbines side, as our full suite of options becomes more available to a greater variety of potential as well as current customers."
The Company is currently working to streamline its LED channel to improve efficiency while it seeks to engage larger-scale property owners in its sales efforts. Graham commented, "We believe we can drive much greater shareholder value by making a few relatively small strategic and tactical shifts; while we cannot release details at this time, we look forward to being able to implement and announce several key decisions in this regard very soon."
About Building Turbines, Inc.: www.buildingturbines.com
Based in Austin, Texas, Building Turbines, Inc. is focused on the design and manufacture of patented rooftop wind turbines; as well as, vertically integrating into other renewable energy solutions to complete a total Green Energy Solution for any urban environment. Building Turbines, Inc. is a publicly traded company, (
About Green City Planet: www.greencityplanet.com
Green City Planet, is a wholly owned subsidiary of Building Turbines Inc.; is a premier provider of LED lighting, Solar and comprehensive commercial energy efficient solutions.
The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.