NORTH VERNON, IN--(Marketwired - May 30, 2014) - WindStream Technologies, Inc. (WSTI) and Jamaica's National Utility company, Jamaica Public Service Co. (JPS), have expanded their relationship with the execution of a new $8,100,000 purchase order (PO) to coincide with the PO for $14,500,000, signed earlier this year, which will provide additional products and services offered by WindStream Technologies to customers of JPS. This new PO will greatly enhance the suite of products offered under the original agreement to include additional energy storage, back-up emergency power and custom energy monitoring, data collection and system analysis. "This new agreement once again proves that JPS is a true thought leader in the Utility Power industry by enhancing the offerings available to their customers way beyond traditional generation," said Mr. Travis Campbell, COO of WindStream Technologies. "JPS is not only providing renewable energy products, but looking for ways to provide long term value to its customers," added Mr. Campbell.
Under the agreement, WindStream Technologies will be shipping its custom energy storage solutions to Jamaica, which will be distributed along with the Company's SolarMill® products. The SolarMill products are available to customers of JPS though their e-Stores. JPS will now have the ability to add to the product line with these advanced products and services. "All along, the goal of JPS was to provide a turnkey solution to our customers which would allow them to install a renewable energy platform that would provide clean renewable energy, save money and in the case of emergency, allow for their short term electrical needs," said Mr. Garth McKenzie, Director of Sales and Marketing.
"WindStream Technologies is committed to designing and manufacturing the best and most cost-effective energy solutions for both on and off-grid customers and the expanding relationship with JPS is another step forward in realizing the Company's goals," added Mr. Campbell.
The new products will be available for distribution in June 2014.
About WindStream Technologies Inc.
Headquartered in North Vernon, Indiana, WindStream Technologies is the leader in low-cost, hybrid, renewable energy solutions for urban, suburban and off-grid environments. Founded in July 2008, American owned and operated, WindStream Technologies has designed, tested, and now manufacturing its patented TurboMill® and SolarMill® distributed energy solutions, proving that homegrown innovation and manufacturing can thrive in today's economy. For more information about WindStream Technologies, Inc., please visit www.windstream-inc.com
About Jamaica Public Service Company:
Jamaica Public Service Company Limited (JPS) is an integrated electric utility company and the sole distributor of electricity in Jamaica. The Company is engaged in the generation, transmission and distribution of electricity, and also purchases power from five Independent Power Producers. Along with the provision of electricity, JPS is a key partner in national development. The company has a vibrant corporate social responsibility portfolio and makes significant contributions in the areas of education, health and sports. The company also has a strong environmental focus and carries out its operations in an environmentally friendly manner.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: 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. 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.
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.