WindStream Technologies Inc. receives Vogt Award

March 31, 2010

LOUISVILLE, Ky. - WindStream Technologies Inc., maker of highly efficient and low-cost micro-wind turbines for urban, suburban and off-grid environments, was recognized Wednesday (March 31) with a Vogt Invention and Innovation Award by the Community Foundation of Louisville and GLI's ENTERPRISECORP.

The awards recognize companies that display excellence in product innovation and provide engineers, scientists and entrepreneurs with grant money to fund the product development and commercialization of their ideas.

"On behalf of the whole staff at WindStream, let me express how thankful and honored we are to receive both the recognition and support of the 2010 Vogt Award," said Dan Bates, WindStream Technologies CEO. "I would personally like to thank the Vogt committee and GLI for this honor. We're very proud to call the Greater Louisville area our home and look forward to being an important addition to the community."

WindStream Technologies, located in the Purdue Research Park of Southeast Indiana in New Albany, was founded less than two years ago. The company already is gaining recognition for its efforts in bringing affordable and scalable wind energy to mainstream urban environments. The company's products, "TurboMills," offer a flexible, affordable and easily renewable energy solution without the cost, space requirements and installation issues associated with traditional wind energy devices. The company is optimizing its product design and will begin production and expansion into new markets during the latter half of this year.

WindStream Technologies received the award based on criteria such as innovative content, technical excellence, strategic business planning, competitive positioning, potential market value, time to market, and anticipated social and economic benefits for the Greater Louisville area.

WindStream Technologies was recognized at the State of Entrepreneurship Breakfast hosted by ENTERPRISECORP.

About WindStream Technologies, Inc. 

WindStream Technologies Inc., headquartered in New Albany, Ind., designs, manufactures and markets low-cost, highly efficient micro-wind turbines for urban, suburban and off-grid environments. Founded in July 2008, WindStream Technologies has been perfecting and testing, and now manufacturing its patented TurboMill micro-wind energy generation device. The company aims to become the leading distributed energy generation solution for municipalities, light industry, residential/consumer, and developing nation applications. The company is currently deploying Phase I pilot installations with select partners across the United States. For more information about WindStream Technologies, Inc., please visit www.windstream-inc.com

About Purdue Research Park 

The 725-acre Purdue Research Park of West Lafayette (http://www.purdueresearchpark.com) has the largest university-affiliated business incubation complex in the country. The park is home to more than 157 companies. About 110 of these firms are technology-related and another 39 are incubator businesses. The park is owned and managed by the Purdue Research Foundation, which received the 2009 International Excellence in Economic Development Award for Regionalism and Cross-border Collaboration from the International Economic Development Council. In 2008, the council bestowed three Excellence in Economic Development Awards in the categories of Entrepreneurship, Partnerships with Educational Institutions and Technology-Based Economic Development in 2008. The park was ranked No. 1 in 2004 for university-affiliated research parks and received the 2005 Outstanding Commercialization Award, both from the Association of University Research Parks. In addition to the Purdue Research Park of West Lafayette, the foundation has established technology parks in other locations around Indiana including the Purdue Research Park at AmeriPlex-Indianapolis, Purdue Research Park of Northwest Indiana and the Purdue Research Park of Southeast Indiana.

Purdue Research Park contact:
Steve Martin, 765-588-3342, sgmartin@prf.org

WindStream Technologies media contact:
Mark Rothenberg, 812-206-8099

Source:
Dan Bates, 310-318-1252, dbates@windstream-inc.com

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