Scottsdale, AZ -- (PRLOG) - 11/29/2017 -- Thunderbird Power Corp. (TPC) announced today that it plans to terminate the current round of equity financing no later than 5 p.m. PST (8 p.m. EST) on December 29, 2017.
As a result of the previously reported work performed by Siemens, which confirmed that the PowerStack extracts more kinetic energy from wind than any other wind turbine technology on the market, in addition to the success of the current equity financing, the Company's senior management has concluded that enough progress has been made allowing Thunderbird to complete both the construction of the scale model as well as the independent wind tunnel certification of the PowerStack's power curve. Therefore, the Company announced today that it will terminate the current round of equity financing no later than December 29, 2017. Completion of these two stages is forecast to substantially increase the profile and the value of the Company.
Additionally, Thunderbird's licensing business model is not capital intensive and will therefore allow the Company to grow rapidly by outsourcing manufacturing and distribution via third party resources and networks that the Company has been developing. The Company has been receiving significant interest in the PowerStack from parties in the US, Canada, South America, Europe, Asia and Africa.
All current financial projections as well as the proposed rollout of our business model as expressed in our business plan are based on one version of the PowerStack technology, the standard 43' diameter wind turbine. However, according to PowerStack inventor, Richard Sutz, the proprietary intellectual property behind the PowerStack design will increase efficiency, and therefore ROI substantially in any fluid including water, and gas (steam). This will allow the Company to significantly expand its licensing portfolio. Possible additional applications of the technology include hydroelectric dams (water) and nuclear power plants (steam). These additional revenue sources are not reflected in the Company's current operating or financial objectives as outlined in the business plan. The Company will also exploit opportunities to license smaller size PowerStacks such as for the rural, agricultural and recreational markets.
The PowerStack wind turbine's efficiency causes it to produce electricity at a tiny fraction of the cost per kWh of any other technology, fossil or renewable. In fact, the PowerStack with a 43' diameter is projected to produce electricity at around ⅓ cent (one third of a cent) per kWh at just 17 mph.
Thunderbird's President Anthony Goldstein stated "The Company has recently made substantial progress towards an alternative application of the PowerStack technology resulting in the first agreement for commercial orders of the scale model size PowerStack, which should generate revenue well ahead of schedule."
Siemens Product Lifecycle Management Software Inc. (formerly CD-adapco) is a global engineering simulation company with a unique vision for Multidisciplinary Design eXploration (MDX). Engineering simulation provides the most reliable flow of information into the design process which drives innovation and lowers product development costs.
Headquarters in Scottsdale, Arizona; a Private company Thunderbird Power Corp is positioning itself to create a massive disruption of the global wind energy industry by virtue of its Patent Pending turbine, the "PowerStack. Our mission is to be at the forefront of efficient, renewable energy and to provide our licensed sellers with a huge competitive advantage in the global wind energy market.
More Information available at thunderbirdpowercorp.com
The information in this press release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.
Manufacturing and distribution opportunities available
Thunderbird Power Corp.
Call: 888-520-1907 Source: UPTICK Newswire