|Sauer Energy Obtains $3 Million Equity Line and Form S-1 Registration Statement Declared Effective|
April 29, 2015 07:55 ET
CAMARILLO, CA--(Marketwired - April 29, 2015) - Sauer Energy Inc.® ("SEI") (OTCQB: SENY), developer of the patented WindCharger® and manufacturer of the patented WindCutter, both vertical axis wind turbine (VAWT) reports that it has entered into an Equity Purchase Agreement with Beaufort Capital Partners, LLC, ("BCPLLC") a New York limited liability corporation to advance marketing and product launch and manufacturing capabilities. Sauer Energy's Registration Statement was deemed it effective on April 27, 2015, by the United States Securities and Exchange Commission ("SEC").
Sauer Energy will now be able to draw upon the maximum commitment of $3,000,000 (three million dollars). The issuance price of these shares will depend on SEI's prevailing share price at market. For more information, you can access their 8K filing of March 17, 2015, on SEI's website.
By putting in place this new equity line, SEI will be able to move forward in accordance with its financing requirements, taking into account the liquidity and share issuance. The equity line will result in established security for Sauer Energy to implement its plans for the launch of the WindCutter and, beyond that, to fortify the foundation for future revenues. SEI will also have the flexibility to market heavily, institute pilot programs and complete turbine certification, along with expansion into a high-quality manufacturing platform. Achievements realized in the past have paved the way toward the final revenue target.
"We are extremely delighted with this new funding arrangement. This additional funding will propel us forward in our growth strategies of products and services. It will also allow us to test and certify our turbine designs in many different environments to meet and/or exceed industry standards for consistent quality, safety and efficiency. SEI's team effort has been unwavering," commented Dieter Sauer, CEO and President of Sauer Energy Inc.
Furthermore, the SEI team would like to extend its appreciation to all the shareholders, securities counsel and accountants for their diligence during this process and for their limitless efforts.
About Sauer Energy Inc.
Sauer Energy Inc. is a technology developer and manufacturer focused on the emerging renewable energy market. In the very near future, SEI plans to offer the patented helixical WindRider model, a vertical axis wind turbine that employs the HelixWind technology it purchased in 2012. The higher performance design modifications are expected to deliver superior results. The WindRider is also pole-mounted, and can be used for applications that don't require roof mounting. SEI has also created the WindCharger brand for a better roof-mounted solution for residential and other small building usage.
SEI's technology is remarkable as it requires so few parts. This means a lower manufacturing cost, more efficient operation, lower maintenance (fewer parts = less chance of malfunction), and greater power generation. This will provide SEI with a new direction for wind capture, making it easier to scale from residential, to powering a small community -- all the way up to large industrial facilities. The market opportunity for this new, self-contained, innovative technology is unlimited and growing rapidly.
With several patents in place and many more pending, SEI looks forward to early manufacturing and commercialization. It is also aggressively moving toward a financial return on its investments. To learn more about Sauer Energy, please visit: www.SauerEnergy.com
Sauer Energy... Harnessing the true power of wind!®
This news release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey Company progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the Company at this time, actual results may differ materially and are subject to risk and uncertainties. Factors that may cause actual results to differ include without limitation: dependence on key personnel and suppliers; SEI's ability to commercialize its wind turbine technology; ability to defend intellectual property; wind turbine material and component costs; competition; economic conditions; consumer demand and product acceptance, and availability of growth capital.
Additional considerations and risk factors are set forth in reports filed on Form 8-K and 10-K with the SEC and other filings. Readers are cautioned not to place undue reliance upon these forward-looking statements; historical information is not an indicator of future performance. The Company undertakes no obligation to update publicly any forward-looking statements.