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WePOWER Acquires PacWind's Wind Turbine Technology and Intellectual Property
Strategic Purchase Strengthens WePOWER's Position as a Leader of Next Generation Wind Technology
Torrance, CA. (February 16, 2009) - WePOWER LLC, a developer of clean energy solutions around the world, today announced that it has completed its acquisition of patented and proprietary wind energy technologies from PacWind, Inc.
"Our vision at WePOWER is to bring transformational and clean energy solutions to the marketplace and PacWind's pioneering wind turbine technology, which was designed by industry veteran, Phil Watkins, made them a natural fit for us," said Marvin Winkler, Chairman and CEO of WePOWER.
"It is extremely gratifying for me and my family to have the value of my father's work and PacWind's technology recognized by WePOWER," said Mary Watkins, daughter of the late Phil Watkins. He would be honored to know that his innovation in the clean energy field will continue to grow."
"Our firm's selective acquisition of PacWind's robust patents, processes and intellectual property is the next step in WePOWER's efforts to build a premier platform of wind, solar and magnetic energy products," Winkler added.
WePOWER believes in harnessing the wind to power our everyday utilities and will continue to pioneer the way to a clean energy future.
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About WePOWER, LLC
WePOWER, LLC develops perpetual and clean energy solutions around the world. The company operates primarily in the wind, solar and magnetic energy fields. WePOWER develops and deploys urban energy systems and retrofits traditional wind farms. With its own intellectual property and patents, WePOWER manages all economics of the energy created by these innovative technologies including the tax incentives, energy rebates and carbon credits. For more information, please visit www.wepower.us
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