“WPS is offering a 25% equity stake in the company through the sale of 400 Units in a Private Placement Memorandum” said H. Logan Pierson, Manager-Member and the owner of a majority interest in WPS. The offering is eligible in 39 states, including Florida, California, and New York, as well as Puerto Rico.
Each Unit being offered for sale to accredited investors is priced at $6,250.00 with a minimum investment of Four (4) Units ($25,000.00). WPS reserves the right to accept a fractional investment by an accredited investor of Two (2) Units for $12,500.00.
“This is a major step for Wind Power Systems, LLC in its goal to bring to market a unique, cost-effective, and affordable vertical axis wind turbine (VAWT) for commercial, residential, government, military, emergency, marine, and non-profit uses” added Pierson.
WPS has a U.S. Patent Pending on a second-generation prototype of its renewable, sustainable, and earth friendly wind turbine power system and a portion of the capital raised through the offering will enable the company to further refine the product by wind tunnel testing and fluid dynamics before commencing production.
“We know our unique earth friendly system works well and with this further refinement, WPS can begin production on the optimum design that will be the most cost-effective for our customers”, said Pierson. “Production can begin early this summer” Pierson added.
WPS plans to initially have its products manufactured in a state-of-the art metal fabrication facility in South Florida. In addition, WPS has secured a strategic relationship for the distribution and installation of its products nationally and internationally.