Sebastian River Holdings Company Receives LOI for Zephyr Wind System
17 Settembre 2010 - 4:20PM
Mr. Sang Gil Oh, CEO of Vaenza, Inc., a Sebastian River Holdings,
Inc. (Pink Sheets:SBRH) Company, announces today that it has
received an LOI for order from a U.S. based customer which should
be solidified in the coming days. This is the first order toward
additional orders pending customer satisfaction.
The Zephyr system is comprised of Vertical Axis Wind Turbines
(VAWT), which are both effective and aesthetically pleasing. The
units are environmentally friendly in that they reduce Fossil Fuel
Emissions and Carbon Footprint, as well. United States users
of wind power are eligible for 30% Federal and State Utility
Incentives and Rebates according to the Department of
Energy. "We feel this first transaction will help solidify a
solid footing in the U.S. and North American markets," states
Vaenza CEO, Mr. Sang Gil Oh.
The U.S. was one of the fastest-growing wind power markets in
the world in 2009, second only to China, according to a report
released today by the U.S. Department of Energy and prepared by
Lawrence Berkeley National Laboratory.
Wind power additions in the United States set a new record in
2009, with 10 gigawatts of new capacity installed, representing a
$21 billion investment. "At this pace, wind power is on a path to
becoming a significant contributor to the U.S. power mix," says
co-author Ryan Wiser, a scientist in Berkeley Lab's Environmental
Energy Technologies Division (EETD). "Wind power projects accounted
for 39 percent of all new electric generating capacity added in the
U.S. in 2009, and wind energy is now able to deliver 2.5 percent of
the nation's electricity supply."
The company has posted a complete product overview at:
http://www.vaenza.net/products/zephyr.pdf . Details on the
order progression are forthcoming and the company expects to
release development progress on the photovoltaic front soon.
Safe Harbor: This release may contain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Statements contained in this release that are not
historical facts may be deemed to be forward-looking statements.
Investors are cautioned that forward-looking statements are
inherently uncertain. Actual performance and results may differ
materially from that projected or suggested herein due to certain
risks and uncertainties including, without limitation, ability to
obtain financing and regulatory and shareholder approvals for
anticipated actions.
CONTACT: Gerrard Hollister Investor Relations
IR contact:
310-909-7988
SBRH@GerrardHollister.com
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