TORONTO, Aug. 20, 2009 (GLOBE NEWSWIRE) -- Atlantic Wind & Solar Inc. (Pink Sheets:AWSL) is pleased to note a publication by Market Advisors Research on the Company, including its current activities and client progress. The report highlights the rapid progress the Company has achieved to date in advancing towards the goal of becoming a prominent player in the Renewable Energy sector that is unfolding across North America and around the globe.
Upon initiating coverage of Atlantic Wind & Solar, Market Advisors stated, "In our view, the potential is enormous in this sector with the opportunity for growth compelling. For investors, we believe the near-term opportunity for AWSL stock is its potential for achieving relatively visible, higher cash flows that would be created by stabilized revenues through the remainder of 2009 and into 2010. As a result the current market capitalization of this company does not recognize the breadth and depth of its products and services."
Atlantic Wind and Solar's I.R. Director, Mr. Brent O'Connor, stated, "We concur with the Market Advisors report regarding the market potential of this 'next generation' turbine and look forward to reporting on Atlantic Wind's progress in the weeks and months ahead. We believe that the CDI turbine could well prove to be a quantum leap forward for the Wind Energy industry."
AWSL AND CDI
In referring to Atlantic's recent announcement of a Memorandum of Understanding (MOU) with Centripetal Dynamics Inc. "to define a framework of cooperation and participation in establishing wind turbine manufacturing projects in both Canada and the U.S. as well as the development of Wind Parks across North America and offshore," Market Advisors Research elaborated on the extraordinary promise represented by deployment of the CDI-designed "next generation" turbine. The following highlights concerning this "Intelligent" turbine are excerpted from the MAR analysis:
"Overview of the ALC (Active Lift Control) Down Wind Turbine
Atlantic W&S technological advantages should make a major leap in reducing the Cost of Electricity (COE) in the wind energy industry and exposing the Class 4 wind site as viable opportunities thus Increasing the market size of potential turbine sales by over 20 times. The Company's new innovative variable camber blade design, low drag airfoil tower and blade attachment will reduce parts, time to assembly and will provide easy inspection. This technology lends itself to being a very reliable, robust and low cost design. The company has filed provisional patents related to the new technology.
KEY POINTS
Combining the Company's proprietary advanced convert/inverter technologies (CIT) with its next generation "Intelligent" Wind Turbines, to be manufactured in the United States and Canada, AWSL has the potential to revolutionize the economics of wind power and propel the Company onto the main stage of wind farm deployment globally. Similarly, through a joint venture currently under discussion, the Company intends to manufacture solar panels using its CIT to deliver heretofore unavailable efficiencies to solar powered electricity generating projects everywhere."
To view the independent report from Market Advisors, please visit: http://www.gbcorp.net/pdf/AWSLmarketAdvisors.pdf
Disclaimer:
Shareholders and investors are strongly cautioned against placing undue reliance on information set forth in these communications in making any investment decisions concerning our securities. The matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks are detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission including the company's Annual Report, Quarterly Reports and other periodic filings. These forward-looking statements speak only as of the date hereof. The company disclaims any intent or obligation to update these forward-looking statements.