|Sauer Energy and Probe Manufacturing Join Forces|
SOURCE: Sauer Energy, Inc.
June 04, 2015 07:55 ET
CAMARILLO, CA--(Marketwired - June 04, 2015) - Sauer Energy Inc. ("SEI") (OTCQB: SENY), developer of the patented WindCharger® vertical axis wind turbine (VAWT) and manufacturer of the WindCutter®, vertical axis wind turbine, has entered into a Memorandum of Understanding ("MOU") with Probe Manufacturing, Inc., ("PMI") (OTCQB: PMFI) a Nevada corporation, which outlines a mutual agreement to work together to utilize PMI's expertise of designing, engineering and manufacturing for the purpose of creating proprietary electronics.
About Probe Manufacturing
PMI is a Product Development Accelerator supporting startups and venture capital backed companies with Engineering and Manufacturing services from its factory in California as well as factories worldwide. PMI's cross-market segment experience, from Cleantech, medical and instrumentation to aerospace, brings effective solutions to tough technical product development situations. For more information, please visit www.ProbeGlobal.com
"PMI's product development incubation services has been established to engineer and manufacture the next winners and we are excited to assist Sauer Energy in accelerating the productization of their complete energy solution. We believe that SEI is going to be a game changer in the vertical-axis wind power market and we are optimistic that the revenue from this total system solution should result in a lucrative business for both companies," commented Kam Mahdi, CEO of Probe Manufacturing.
"Our connection with PMI is another positive step forward in our vision of building the foundation that offers a more complete energy solution. Both of our teams share the same vision. This MOU facilitates the pursuit of delivering on our strategy to provide total systems for energy independence. Together we can do more and our combined efforts can widen to a very prosperous future," stated Dieter Sauer, President & CEO, Sauer Energy Inc.
The association between both companies has been ongoing for some time and represents a very unique and positive opportunity. The combination of SEI's capability to seize the renewable energy device market and PMI's many talents have formed the foundation. Significant global markets await further developments.
This joint development strategy is intended to be formalized into a full agreement. As a highly regarded engineering and manufacturing contractor, PMI has the capacity to produce accurate cost and time estimates which will play a key role in production. SEI is set to align with PMI for expeditious execution of its projects.
The strategic plan is expected to ignite additional innovative R&D. This MOU is meant to bring SEI's products to a place where intellectual property is well protected. Development talents and resources of both companies drive efficiency while opening new markets.
The collaboration is a strong tactical fit, leveraging the two companies' respective strengths across three main areas:
These electronics can clearly translate into long term global sales and become SEI's best case approach to fulfilling the colossal need that is so evident. SEI will hold 100% interest of all that is produced by this enterprise.
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.