WINDSTREAM TECHNOLOG (OTCMKTS:WSTI) is making a highly explosive move up after dipping below a penny in recent days.
The move comes after the Company announced a letter to shareholders that stated ”WindStream Technologies has seen its best year to date in 2015, with the opening of the new factory in India and increased sales to existing and new customers. We are also now opening up sales in Argentina and will seek to expand throughout Latin America. We expect this growth to continue as we build upon our success in each market.
Our Indian subsidiary has now manufactured over 1,100 units in our new factory. The manufacturing output will continue to increase as we bring on more local labor and tooling. Sales in the region are being handled by local distribution and dealer networks, which are being established and managed out of our offices in Hyderabad.
A new customer in Argentina, Surland Technologies, recently purchased 2MW’s of power that will begin shipping by the end of July. The first 1.3MW’s are expected to be installed by October 15, 2015 with the balance of the project anticipated to be installed by the end of this year. These units will be used to provide additional power to areas of the country that regularly experience power shortages. The design of these units has led to a new product offering we call the “PowerMill(TM),” a product focused on utility scale deployment.
WSTI started trading on the bb’s in June of last year quickly rising from well under $1 to a high of $2.25. The run was caused by a hard mailer promotion from the Wall Street Revelator with a disclosed budget of $900,000 from Mandarin Media. Users on Twitter reported receiving the glossy mailers from WSR as early as June 15.
WINDSTREAM TECHNOLOG (OTCMKTS:WSTI) was established to create global low-cost hybrid, renewable energy solutions for urban, suburban, and on and off-grid environments. Made in the USA, its patented SolarMillÂ® hybrid wind and solar system technology is a distributed energy solution, which produces continuous renewable energy for customers.
The SolarMill® is the world’s most complete renewable energy generation device. Instead of a footprint dedicated to a singular solution, WSTI engineers designed a unique set of vertical axis wind turbines, added the highest quality solar panels, and a patented system of integrated electronics, to create a hybrid device with the highest energy density in the market.
In January WSTI said it has broken ground on its 50,000 sq. ft. manufacturing facility outside of Hyderabad, India. This new facility will be the Company’s second manufacturing plant focused on building its proprietary SolarMillÂ® products and designed to service the India and South Asia markets.
The facility is being built by Sri Kiran Technologies, the landowner, as a “build to suit” lease agreement and will be ready to be occupied in March 2015. The ongoing operation will be funded through WSTI’s newly formed $2 million dollar Joint Venture with West Coast Ventures/Deepan Group.
On April 7 WSTI announced the first deployment of its TowerMillÂ® technology in Nassau, Bahamas. The TowerMillÂ® pilot is designed to provide energy on a continuous basis to power all of the electronics for the tower’s full functionality. The TowerMillÂ® is another product line in the Company’s portfolio and is a derivative of WindStream’s patented SolarMillÂ® renewable energy technology.
Configured to provide autonomous power to telecommunications towers globally, the TowerMillÂ® uses wind and solar energy to charge a battery bank and, as a fail safe, has a fuel-based generator set as a last resort back-up if the batteries cannot provide the needed power.
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The integration of the TowerMillÂ® with the cell tower equipment will be commissioned later this week by Walker Industries, a certified solar energy provider in The Bahamas offering design, installation, and maintenance of photovoltaic systems. “We are extremely excited to partner with WindStream on the installation of the TowerMillÂ®. We see this installation as a bold step in revolutionizing the renewable energy landscape in The Bahamas,” said Ralph Walker, General Manager of Walker Industries.
Rolf Simmonds, VP of Business Development commented “We are elated to expand our core applications of the SolarMillÂ® and deepen our product penetration with our clients. High energy costs and diesel fuel prices, in particular at greater than $4.50 per gallon in The Bahamas, are critical challenges facing mobile service carriers, in maintaining service reliability to their customers. The TowerMillÂ® as a clean energy solution meets these challenges head on.
With greater than 20 similar off-grid telecom towers in The Bahamas, all driven from costly diesel generators and an estimated more than 640,000 worldwide, the TowerMillÂ® presents a unique opportunity for the Company as way for owner/operators all over the world to reduce cost and provide consistent energy to a device that must achieve 100% uptime for reliability sake.”
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Currently trading at a $1 million market valuation WSTI does have small but growing revenues and a few assets on the books however they are losing money and have rising short term debt. WSTI was previously the subject of significant promotion over the $1 level; these types of stocks have a history of running hard once they reverse off the bottom as WSTI recently did. We will be updating on WSTI when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with WSTI.
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Disclosure: we hold no position in WSTI either long or short and we have not been compensated for this article