"We are very pleased to have successfully engaged in a dealer agreement with Weole Energy," said Frank Greco, CEO and President. "We have worked diligently to position XZERES and its products globally. This agreement demonstrates our ability to expand beyond our recent successes in the UK marketplace and further penetrate the very lucrative Continental European market for distributed wind energy. We continue to demonstrate to our customers and dealers our high quality, world class, certified wind power systems as the right solution for their distributed, renewable energy needs," further commented Mr. Greco.
"Besides France, we have also expanded our reach throughout other European Community countries and anticipate additional prominent Distributed Wind Energy Dealers to execute similar agreements with us in the near future, including Germany, Italy and beyond. In addition we will continue our penetration in Asia and expansion into other global markets such as South America and Australia. All of these successes will also provide global channels through which we will be able to grow and leverage our power management and power energy efficiency devices as well," added Mr. Greco.
"Our continued international sales and marketing penetration and increasing global reach demonstrates the successful execution of our international plans which began mid last year, as well as our focus as a sales and marketing organization. We are demonstrating that we are not just an engineered systems company, as we rapidly achieve a global sales and marketing footprint. We believe XZERES’ standards of high quality products with industry leading performance, strong customer support and an aggressive sales and marketing strategy, will pay significant dividends to our stakeholders in terms of shareholder value creation. XZERES has now reported 5 consecutive quarters of improved operating results with 30%+ revenue growth. Stay tuned for further customer-related announcements and business model additions" stated David N Baker, Chairman.
XZERES Corp. is a renewable energy and clean energy technology company that designs, develops, manufactures and markets distributed generation, wind power systems as well as power management and power efficiency solutions for the commercial, light industrial and residential markets . Our grid connected and off grid wind turbine systems, which consist of our 2.5kW and 10kW devices and related equipment, are utilized for electrical power generation for applications and markets such as residential, micro-grid based rural and island electrification, agricultural, small business, rural electric utility systems, as well as other private, corporate infrastructure and government applications. Our wind power systems are focused on distributed energy, where a specific machine’s energy output is largely or entirely used on-site where the equipment is installed, as well as grid connected applications. While many of our customers take advantage of their local net-metering rules within the United States and Feed In Tariffs that are often available in Europe and Internationally (to sell power back to the grid), our wind power systems are not dependent on transmission needs to carry the energy produced to another location and are therefore well suited for remote electrification, available with or without a battery coupled solution. Our power management and power efficiency solutions are deployed primarily for commercial and light industrial applications, and secondarily residential usage and target both urban and rural customers.