in News Departments > FYI
print the content item

American Security Resources Corp. (ARSC), an alternative energy holding company based in Houston, has executed letters of intent to acquire majority control of Plano, Texas-headquartered Mag-Wind Co. LLC and VAWT Manufacturing Company.

Mag-Wind holds exclusive worldwide rights to develop and market the Mag-Wind magnetically levitated, patent-protected vertical-axis wind turbine, while VAWT holds exclusive Mag-Wind manufacturing rights for North America, according to ARSC.

"Mag-Wind anticipates marketing later this summer into the largest untapped vertical axis wind turbine market, the residential market, which is also the target market for our HydraStax fuel cell product," says Bob Farr, president of ARSC. "VAWT Manufacturing has the ability to produce at one location the larger Noble wind turbine for us in addition to the Mag-Wind turbine."


Trachte Inc._id1770
Latest Top Stories

Six Key Takeaways From The IRS' Start Of Construction Guidance: What You Need To Know

The IRS recently issued guidance to wind developers to further spell out what "start of construction" means. Will you be covered?


Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.


IRS Issues More PTC Guidance, Easing Some Wind Industry Concerns

The Internal Revenue Service (IRS) addresses how much work is needed on a wind farm to satisfy production tax credit (PTC) eligibility.

Canwea_id1984
Renewable NRG_id1934
Tower Conference_id1965