"We've had a pleasant financial partnership with Sauer Energy in the past and look forward to furthering our relationship with the Company as they continue to grow and expand their business in the renewable energy space," commented Robert Marino, Managing Member, Beaufort Capital Partners, LLC.
The Equity Line maximum commitment is $3,000,000 (three million dollars). The prevailing SEI share price at market will dictate the issuance share price to Beaufort. Displayed on SEI's website is the December 23, 2015, 8K filing.
This new equity line will enable SEI to complete the certification of the WindCutter and further the manufacturing process, initiate heavy marketing and institute pilot programs. With another round of financial investment in SEI, Beaufort has demonstrated its confidence in SEI, its team and the WindCutter.
"The wind industry is growing very fast and global delivery capabilities are critical. The security that this equity line establishes for us is tremendous and it will solidify the foundation of our business. Our past achievements have paved the way toward our final revenue target. Our team is enthusiastically anticipating bringing this innovative product to the next level. We are all eager to meet the demand head-on!" stated Dieter Sauer, CEO and President of SEI.
Furthermore, SEI would like to extend its appreciation to all who work so diligently on our behalf, year after year, and to our extended corporate family. Without you, none of this could ever be possible. You have our highest level of gratitude.
About Sauer Energy Inc.
Sauer Energy Inc. is a technology developer and manufacturer focused on the emerging renewable energy market. SEI's first offering, the WindCutter, is based on the Darrieus principal and has five airfoil blades that use the principle of lift to rotate the shaft and is pole mounted.
SEI also plans to offer the patented helixical WindRider model, a vertical axis wind turbine that employs the HelixWind® technology that 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 invented and also plans to offer the WindCharger® brand turbine 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 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.