Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - Arista Power, Inc. | f8k111309b_windtamer.htm |
| EX-10.1 - EMPLOYMENT AGREEMENT BETWEEN WINDTAMER CORPORATION AND WILLIAM SCHMITZ, DATED AS OF NOVEMBER 15, 2009 - Arista Power, Inc. | f8k111309bex10i_windtamer.htm |
| EX-10.2 - STOCK OPTION AGREEMENT BETWEEN WINDTAMER CORPORATION AND WILLIAM SCHMITZ, DATED AS OF NOVEMBER 15, 2009 - Arista Power, Inc. | f8k111309bex10ii_windtamer.htm |
| EX-10.3 - SUBSCRIPTION AGREEMENT BETWEEN WINDTAMER CORPORATION AND WILLIAM SCHMITZ, DATED NOVEMBER 14, 2009 - Arista Power, Inc. | f8k111309bex10iii_windtamer.htm |
Exhibit 99.1
WindTamer
Corporation Announces Appointment of William A. Schmitz as President and
Director
(Rochester, New York) November 16,
2009 - WindTamer Corporation (“WindTamer” or the “Company”), a developer
and manufacturer of a patented new wind turbine technology, announced today that
William A. Schmitz has been appointed President and will join the Company’s
Board of Directors. Effective immediately, he assumes responsibility for
the company's manufacturing, sales and marketing. Mr. Schmitz will report to
WindTamer founder, Chairman of the Board and Chief Executive Officer Gerald E.
Brock.
Mr.
Schmitz brings an extensive management and engineering background to
WindTamer. From 2002 until 2009 Mr. Schmitz served as Chief Operating
Officer of Ultralife Corporation (NASDAQ: ULBI), a designer and manufacturer of
power and communications systems worldwide. During his tenure as Chief
Operating Officer, Ultralife's annual revenues increased from $32.5 million to
$254 million. From 1999 to 2002, Mr. Schmitz served as Vice President of
Manufacturing, Primary Batteries and General Manager, Primary Batteries at
Ultralife. Prior to joining Ultralife, he was the Director of New Product
Development for Bausch & Lomb’s Global Eyewear business, which included the
Ray-Ban brand, from 1995 to 1999.
Mr.
Schmitz holds an M.S. in Operations Management from the University of Rochester
and a B.S. in Mechanical Engineering from the Rochester Institute of
Technology.
Gerald E.
Brock, WindTamer's founder, Chairman, Chief Executive Officer and inventor of
the patented WindTamer technology, said, “I am delighted to announce that
Bill Schmitz has joined the WindTamer team. I know that when a
development-stage company such as ours moves to full-scale manufacturing and
sales, additional management with the skills and background to guide the company
forward are needed. The appointment of Bill Schmitz is the foundation of
this effort.”
William
A. Schmitz said, “It took a tremendously exciting opportunity to cause me to
make the difficult decision to leave Ultralife. I am very confident
that the patented WindTamer technology is the best-performing wind turbine
technology available today. WindTamer turbines are not only more efficient, they
also eliminate virtually all of the problems associated with other wind turbines
currently in use. WindTamer turbines are virtually silent, creating
neither noise nor vibrations which would affect quality of life of their owners,
neighbors or wildlife near the turbine. And the WindTamer turbine’s
lower-to-the-ground, aesthetically-pleasing appearance contrasts dramatically
with larger wind towers that have created controversy in many
areas.
“I also
believe that the worldwide trend to develop alternative energy is in its infancy
and is irreversible, and that WindTamer is a company in the right place at the
right time. Jerry Brock and his team have done a tremendous job guiding
WindTamer to the point where it's ready to transition into production and
sales efforts, and I look forward to leading the company.”
WindTamer
Corporation (OTC.BB: WNDT) anticipates its stock to begin publicly
trading on Monday, November 16, 2009 on the OTC Bulletin Board.
About
WindTamer
WindTamer
Corporation (http://www.windtamerturbines.com) is a developer and manufacturer
of highly efficient wind power generators that utilize its patented
"Fluid-Driven Vacuum-Enhanced Generator" technology for the production of
electrical power. Applications of WindTamer turbines include
stand-alone and roof-mounted residential; stand-alone and roof-mounted
commercial and industrial; wind farms; boat-dock, RV and other recreational
applications; portable and transportation; and back-up power
sourcing.
Forward-Looking
Statements
This
press release may contain forward-looking statements based on current
expectations that involve a number of risks and uncertainties. WindTamer
Corporation cautions investors not to place undue reliance on forward-looking
statements, which reflect WindTamer’s analysis only as of today’s
date. There can be no assurance that such forward-looking statements
will prove to be correct, and actual results could differ
materially. WindTamer undertakes no obligation to publicly update
forward-looking statements. Further information on these factors and
other factors that could affect WindTamer’s financial results is included in
WindTamer’s Securities and Exchange Commission filings, including the latest
Annual Report on Form 10-K.
Contact:
WindTamer
Corp
Investor
Relations
Cherrie
Mahon
(585)
627-2160
cmahon@windtamerturbines.com