|Sauer Energy Secures $15 Million Equity Line Funding|
SOURCE: Sauer Energy
Dec 17, 2012 07:55 ET
CAMARILLO, CA--(Marketwire - December 17, 2012) - Sauer Energy Inc. ("Sauer") (OTCBB: SENY), developer of the patented WindCharger™ brand vertical axis wind turbine (VAWT) and manufacturer of the patented Helix vertical axis wind turbine, is pleased to announce that it has entered into an Equity Line Agreement with Eclipse Advisors, LLC, (Eclipse), a New York-based investor, for $15M that will facilitate expansion of manufacturing capabilities in order that it can accommodate the growing demand for WindCharger™ and Helix turbines. European American Equities, Inc. (EAE) served as exclusive agent for the issuer.
"Eclipse's capital commitment, which will be available to SEI upon the effectiveness of an SEC S1 Registration Statement, reflects faith in the market demand for our renewable energy products and technology for residential and small industrial customers. Knowing that Eclipse is a committed investor gives us a level of confidence and comfort with which we can succeed. This investment will allow us to devote our resources to manufacturing, the activation of our distribution network, and marketing and sales that will drive SEI into revenue reporting status more rapidly. It will also provide additional capital toward research and development," commented Dieter Sauer, CEO and President of Sauer Energy, Inc.
SEI expects that the support of Eclipse will accelerate the momentum of development and demand for SEI wind turbines that can bring residential communities together with vast advantages. Additionally this funding should accelerate the capability of SEI to reach out to various government agencies, such as FEMA and the military, with uniquely designed renewable energy solutions that will enhance the effectiveness of emergency crisis response. SEI should also be able to supply the international market sooner than originally planned due to the increase in funding.
"We are extremely grateful for the diligence and hard work of our financing team. Together, we will make a difference within the renewable energy sector by empowering individuals to produce their own electricity," added Mr. Sauer.
About European American Equities
Established in 1999, European American Equities, Inc. is an investment banking firm providing services to public and private companies worldwide, with expertise in energy and mining, alternative energy and clean technologies, telecommunications, and emerging markets. EAE has extensive experience assisting clients with private placements, mergers and acquisitions, restructurings and other corporate advisory services. EAE is a founding member of Global Alliance Partners (GAP), a Hong Kong registered network organization of 25 mid-tier investment banks, securities brokers, research houses, financial advisors, and wealth and asset managers, who provide their clients with international access to the world's financial markets. European American Equities, Inc. is a licensed broker-dealer and member of FINRA.
About Sauer Energy
Sauer Energy is a technology developer and manufacturer focused on the emerging renewable energy market. We believe that because it requires few parts, SEI's technology, which provides a new direction for wind capture, will easily scale from residential to small community and up to large industrial scale. The market opportunity for a new, innovative technology is unlimited. SEI has created the WindCharger™ model to provide a better solution for the use of wind capture for residential or small building use.
The WindCharger™ is one of Sauer Energy's key innovation priorities. With several patents in place and many more pending, SEI is engaged in manufacturing and commercialization now, and plans to see a financial return on its investments. To learn more about Sauer Energy and see images of this revolutionary wind turbine system, please visit:
Due to the recent acquisition of the assets of Helix Wind, SEI plans to be able to offer the Helix vertical axis wind turbine systems in the near future. They are specifically designed to be pole mounted and can respond to the demand for applications that do not require roof mounting.
Sauer Energy... the future of energy!™
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.