WindTamer Selected to Participate in NYSERDA-Funded Large-Scale Renewable Energy Storage System Prototype
ROCHESTER, N.Y., May 17, 2011 /PRNewswire/ — WindTamer Corporation (“WindTamer” or the “Company”) (OTCBB:WNDT.OB), a developer and manufacturer of wind turbines and renewable energy power storage and management systems and a supplier of solar energy systems, announced today that its WindTamer wind turbine has been selected by Ultralife Corporation (NASDAQ:ULBI) as the wind component for a 1 megawatt-hour energy storage system demonstration project to be installed at Ultralife’s Newark, New York corporate campus. Ultralife has purchased an 8.0GT model WindTamer turbine together with monitoring capabilities for the initial prototype installation.
A New York State Energy Research and Development Authority (NYSERDA) award will help support the design, development, prototyping, scale-up and installation of the large scale lithium ion energy storage system. The system will integrate lithium ion batteries, ultracapacitors and renewable-energy generation sources, including wind and solar, and will allow utility companies and renewable energy generators to intelligently manage energy for consumption or storage.
Ultralife is organizing and leading a collaborative team composed of partners including academic institutions, industrial and consulting businesses to develop the system to store and mange power generated from any source for use at optimal peak times.
“We are extremely pleased that Ultralife has chosen the WindTamer wind turbine to be a component of this system,” said William A. Schmitz, Chief Executive Officer of WindTamer.
WindTamer Corporation is a developer and manufacturer of wind turbines and custom-designed renewable energy storage and power management systems and a supplier of solar energy systems. The WindTamer diffuser-augmented wind turbine utilizes a patented technology for the production of electrical power. WindTamer’s patent-pending Power on Demand system utilizes inputs from multiple energy sources including wind, solar, fuel cells and the grid in conjunction with a custom-designed battery storage system and a proprietary smart monitoring technology that releases energy at optimal times to reduce peak power demand, thereby lowering electricity costs for large energy users who deal with peak usage pricing. WindTamer also sells a mobile renewable energy system that that generates wind and solar energy to an onboard storage unit for military and other applications, and a renewable power station that is a scalable system that can be drop-shipped to off-grid locations to be used as a “micro-grid”. WindTamer’s Board of Directors has approved changing the name of the Company to Arista Power, Inc. subject to shareholder approval at its May 18, 2011 Annual Meeting of Shareholders. For more information on WindTamer, go to www.windtamerturbines.com.
This press release may contain forward-looking statements based on current expectations that involve a number of risks and uncertainties. WindTamer Corporation cautions investors not to place undue reliance on forward-looking statements, which reflect WindTamer’s analysis only as of today’s date. There can be no assurance that such forward-looking statements will prove to be correct, and actual results could differ materially. WindTamer undertakes no obligation to publicly update forward-looking statements. Further information on these factors, and other factors that could affect WindTamer’s financial results, is included in WindTamer’s Securities and Exchange Commission filings, including the latest Annual Report on Form 10-K.
SOURCE WindTamer Corporation