XZERES Signs Two Multi-Billion Dollar National Distributors to Begin Selling Its Wind Turbine Systems

XZERES Wind Corporation (XWND), designer, developer and producer of distributed generation, wind power systems for the small wind market (2.5kW-100kW), today announced that it has successfully signed two large national distributors that are now offering XZERES' Wind Turbine Systems to their customers. Addressing the North American marketplace, both distributors combined represent nearly 900 locations and total over $20 billion in annual sales volume. Each distributor currently sells and distributes other products and services such as electrical supplies and components, which target similar end-markets as XZERES.

Company Highlights

• XZERES, a producer of wind power systems for the small wind market, commenced operations in May and naturally had no revenues to speak of.
• In Q2, the company announced revenues of approximately $360,000
• On November 30th, the company announced expectations for a sequential 30% increase in Q3 revenues
• On December 16th, the company announced a minimum of $US 1.1 Million in new contracts
• Company announces its first European order for multiple units to be delivered into the U.K.

IR Hub / Corporate Profile / Discussion Forum