North American Windpower: Dotronix Will Enter Wind Energy Industry

by NAW Staff on Thursday 04 January 2007

New Brighton, Minn.-headquartered Dotronix Technology Inc., a developer and marketer of nonprescription healthcare products through its PuraMed BioScience Inc. subsidiary, has announced it will enter the wind energy industry with intentions to sell wind power to utilities.

This decision was made after substantial planning and meetings with various industry resources to assist the company with entering the business, Dotronix says. Its initial wind farm likely will be constructed in a rural farm location near the border of Minnesota and the Dakotas. The company anticipates its initial project will generate 20,000 MWh to 25,000 MWh of wind power per year once it is complete.

Due to the substantial differences between the wind power business and the business of developing and marketing healthcare products, Dotronix plans to separate the two businesses through a spin-off distribution of the common stock of its PuraMed BioScience subsidiary to all Dotronix shareholders on a pro rata basis. The company adds that it anticipates the record date for this spin-off will be around Jan. 15, 2007, and that its effective date will be within 30 days thereafter. After this spin-off stock distribution is completed, there will be no further direct operational or management connection between or common to the two companies.

Don't miss the latest wind energy news -- register to receive NAW's news headlines.

Latest Top Stories

As U.S. DOJ Investigates, Duke Works Adaptive Management Plan

With previous golden eagle fatalities reported at two company-owned wind farms in Wyoming, Duke Energy Renewables is going to great lengths to protect raptors.

DOE To Recast Landmark 20% Wind Energy Report; Study Looks Back, Ahead

The U.S. Department of Energy will update its 20% Wind Energy By 2030 report, which indicated increased levels of wind penetration for the U.S. is not only possible but feasible.

Wind Energy Procurement Top Of Mind For Big-Name Companies

With greater frequency, top-tier companies are discovering the economic and environmental power of wind energy and upping their investments in the resource.

WINDPOWER Panelists Issue A Call To Arms: Protect RPS Mandates

Votes on several legislative bills concerning state renewable portfolio standards (RPS) are nearing. How can you help protect and maintain these development drivers?

Wind Industry Still Awaits First Eagle-Take Permit Under BGEPA

The first wind developer to apply for a take permit under the Bald and Golden Eagle Protection Act has withdrawn its application.