Memo of understanding with TIM Engineering Technologies Ltd. to supply energy
efficient wind power ‘grid’ to emerging economies
Winnipeg, October 22, 2010 – Winnipeg’s Global Wind Group, Inc. has signed a major
foreign manufacturing, marketing and distribution memo of understanding that could see
its rugged ZüSTM vertical axis wind turbines sold throughout India. Global Wind Group is
partnering with TIM Engineering Technologies Ltd. of Ahmedabad, India in an exclusive
arrangement. The companies announced the agreement at Centrallia, a global business to
business conference in Winnipeg.
“For emerging economies to push their countries into the 21st century, they’ll need
reliable, sustainable electricity. But building a North American-style power grid isn’t
feasible,” said John Fjeldsted, President and CEO of Global Wind Group. “The
telecommunications industry is a great example: it’s much easier, cheaper and reliable to
power each cellular tower individually.”
The ZüSTM Modular Power Systems are rugged stand-alone, turnkey wind turbines
perfectly suited to deliver reliable power in remote settings. These turbines require
minimal maintenance and have an insensitivity to wind turbulence.
“Our wind powered system is an efficient and economical alternative to a fuel generator,
which many developing countries currently use,” said Justin Phillips, Vice President of
Business Development. “Diesel generators are neither a commercial nor environmentally
sensible way of powering base stations in off-grid locations.”
The partnership will focus its efforts on India first where it is among the first companies
to enter this space. India is currently the world’s fifth largest user of wind power, and
investments in this form of renewable energy are expected to continue to grow in the
years ahead. Globally, the demand for energy efficient products and solutions is rising
because countries are under pressure to cut emissions while demand for energy is
increasing.
“We are very happy to partner with Global Wind Group and work together to bring the
vertical axis wind turbine technology to India,” said Anil Patel, Managing Director of
TIM Engineering Technologies. “With our vast experience of more than 25 years in the
field of capital equipment manufacturing and renewable energy, we see the potential for
great success, well supported by readymade manufacturing infrastructure and capacity to
distribute the turbines globally.”
“There are approximately six billion consumers out there in the global marketplace. So if
you are only looking domestically, you are missing out on great opportunities,” said
Fjeldsted. “Many developing countries are looking for solutions that can deliver energy
reliably and at a low cost. Our energy efficient wind turbines will serve the growing
needs of these countries to develop energy infrastructure from residential needs to
industrial capacity.”
The agreement has been in the works for several months, said Phillips. “We want to thank
Manitoba Entrepreneurship, Training and Trade for their assistance in helping us find an
international partnership with such great potential.”
About Global Wind Group (www.GlobalWindGroup.com)
Global Wind Group Inc. is a Winnipeg, Manitoba based Clean Technology Company.
GWG designs, and sells vertical axis wind turbine (VAWT) technology. Global Wind
Group’s value proposition is to bring the customer dependable, clean wind energy at the
best possible price.
About TIM Engineering Technologies Ltd. (www.TIMLogistics.co.in)
A division of Electrotherm India Ltd. and Alpha Nippon Innovatives Ltd., TIM
Engineering is an innovative leader in the Indian steel building industry. Located in
Ahmedabad, India, TIM has a major manufacturing facility spread over 200 acres of land
with a built-up area of 237,800 sq. metres equipped with machinery capable of meeting
world standards.
Contact:
Justin Phillips,
Vice President, Business Development
+1 (204) 777-WIND (9463)
justin.phillips@globalwindgroup.com
Adam Dooley,
Dooley Communications
+1 (204) 415-0688
adooley@dooleycommunications.ca
