AUSTIN, TX -- (Marketwire) -- 11/29/12 -- Building Turbines, Inc. (PINKSHEETS: BLDW), a designer and manufacturer of patented, innovative commercial rooftop wind turbine systems, issued a statement today that within less than a month of Paul Getty joining Building Turbines team, BLDW has received a contract from Stone Capital Partners, for the sale of 10 of their model BT 5000 turbines, currently invoiced at $270,625. The turbines will be installed on "The Physicians Center" building on one of Houston's busiest, high visibility corridors, Loop 610. John Graham, CEO of Building Turbines, commented: "Adding Paul to the team was one of the best business decisions we have made. This is just the first in a long list of sales that Paul is in process of bringing us."
The city of Houston is looking forward to working with Stone Capital Partners, and helping them to create a greener Houston with this new LEED certified project. The Physicians Center will be the bench mark for state of the art Green Energy buildings in Houston, TX. It is a 6 story, 125,000 square-foot building located directly across from Memorial Hermann Hospital. They will be the first building to utilize all LED interior lighting, revolutionary roofing materials, the highest E-rated windows and R-rated insulation available, according to Robert Day.
Robert Day, of Stone Capital Partners, stated: "With the tax incentives and certifications available, we are looking at putting Building Turbines on all of our future energy efficient buildings. With the 15% in potential energy savings, $1.80 per square foot property tax reduction; as well as, a 30% federal tax credit, and an additional 50% accelerated depreciation write off in the first year, these units will pay for themselves. I can't believe everyone is not taking advantage of the Building Turbines wind power solution for green electricity."
Paul Getty, with Building Turbines, Inc., commented: "I am very excited to be working with Building Turbines, Inc. on developing various marketing verticals that can benefit from this state of the art product. We see an international opportunity for this technology and plan to capitalize on it. It is not often that you can be involved in a business opportunity for shareholders and at the same time play an important part in environmental conservation."
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About Building Turbines, Inc.
Based in Austin, Texas, Building Turbines, Inc. is a renewable energy company focused primarily on designing, manufacturing and deploying patented revolutionary rooftop mounted, horizontal-axis wind turbines that can bring the dream of clean, affordable wind energy to a reality. The turbines are mounted on a strong steel frame, with a low rooftop signature, requiring minimal maintenance, and generating almost no noise or vibration.
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.
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