CHICAGO, June 28, 2004 (PRIMEZONE) -- U.S. Wind Farming, Inc. (Pink Sheets:USWF) is an emerging public renewable energy developer and operator establishing Small Distributed (15-Megawatts) Wind Turbine Agricultural Renewable Energy Cooperatives on farmers' properties nationwide. U.S. Wind Farming, Inc. is "America's only publicly traded wind energy company."
The Products and Resources
USWF expects to utilize the resources of GE Wind Energy, a division of General Electric, to provide the industry's finest available 1.5 -- 2.5 megawatt wind turbines. GE's Wind Turbines are UL Rated for 30 years (soon to be 50 years), with factory-authorized maintenance service packages available.
GE Wind Energy is one of the world's leading wind energy companies and wind turbine suppliers. With over 6,100 worldwide wind turbine installations comprising more than 4,000 MW of capacity, the company's knowledge and expertise spans more than two decades.
USWF expects to utilize Rosendin Electric, Inc. for construction, operation and maintenance of the projects. Rosendin Electric has been the industry leader in high voltage work over the past 40 years specializing in Major Wind Turbine Farms design/construction/maintenance nationwide.
USWF expects to utilize Vaisala Group to employ a state-of-the-art Wind Resource Monitoring Program utilizing technologies such as Ultrasonic Wind Sensors, Acoustic Interferometer Tomography and Radio Acoustic ("Doppler Scattering") Sounding Systems.
USWF expects to coat the propellers, nacelles and towers of its wind turbines with a specialized material from Applied Research Corporation. Applied Research has developed a proprietary Continuous-Filament Basalt Fiber and Ceramic Resonance Composite Coating for the wind energy marketplace worldwide. This Continuous-Filament Basalt Fiber and Ceramic Resonance Composite provides considerable ultra violet radiation and corrosion protection ensuring reduced maintenance for these components during the 30-50 year life span of the wind turbines.
The Future
USWF enlists farmers to "Harvest the Power of the Wind" by installing these 15-Megawatt Small Distributed Wind Turbine Agricultural Renewable Energy Cooperatives on their properties creating a 30-year annuity paid to the farmer without disturbing their ongoing agricultural operation. Each Cooperative will typically produce enough electricity to run roughly 4,500 typical homes and can provide the farmer with up to $100,000 in annual income for 30 years. Each Cooperative provides USWF with over $800,000 in net revenue annually or over $24,000,000 for the course of the 30-year fixed-rate renewable energy contract.
USWF anticipates installing 180-megawatts of renewable power generation each year providing an additional $9 million in net revenue each year. USWF negotiates with the nation's electrical utilities for fixed-rate 30-year contracts to purchase the Agricultural Renewable Energy Cooperative's electricity generated from "Harvesting the Power of the Wind" on each farmer's property.
The Cooperatives harness the energy from the wind and sell it to the agricultural community's local electrical utility and other major utilities seeking renewable energy to meet their renewable energy and fixed long-term non-fossil fuel requirements. By utilizing these Small Distributed (15-Megawatts) Wind Turbine Agricultural Renewable Energy Cooperatives, the farmers will strengthen the Electrical Infrastructure, while providing clean energy, and reducing dependence on foreign oil and gas.
Each Agricultural Renewable Energy Cooperative provides its member/investors a fixed-rate 30-year tax-free income of 7% per annum utilizing State and Federal Tax Credits, Renewable Energy Production Tax Credits and Green Credits.
US Wind Farming, Inc.'s President and CEO, William Telander, was recently featured on the new Sunday morning financial show filmed at the American Stock Exchange called "Let's Talk Stock."
"The show is dedicated exclusively to public companies that bear looking into," says producer Bernard Cerrone.
On every show, a variety of movers and shakers are on board to give investors insight into what they are up to. U.S. Wind Farming, Inc. offers a very informative web site (www.uswindfarming.com) with links to this show and further information regarding this paradigm shift in energy production and the delivery of that power in the future.
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AVAILABLE MEDIA:
Talking Stock in the studios of AMEX
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