in News Departments > FYI
print the content item

Real Logic Inc., a company that specializes in alternative transportation vehicles, has come to agreement on terms for a Real Logic subsidiary with a company developing a new generation of commercial wind turbines with optional hydrogen production and storage components.

This company has completed design, marketing and manufacture of a new wind turbine system and will be transferring into the new subsidiary the exclusive rights for the intellectual property for the system, including patents and patents pending, proprietary systems and improved wind turbine design.

The company's pro forma summary projections indicate that revenues will be generated from equipment sales, development operations and maintenance services and wind farm revenues. Real Logic will be the majority owner of the new subsidiary.

"We are pleased to have such an outstanding product for our clean energy division whose mission, compatible to ours, is to serve humanity and the environment by developing, constructing, marketing and operating sustainable energy technologies comprised of existing and emerging wind, hydrogen and other alternative systems to address the needs of the global community and reduce reliance on environmentally damaging fossil fuels," says Michael Posner, president of Real Logic.


Trachte Inc._id1770
Latest Top Stories

Senate Passes Tax Extenders Bill With Wind PTC Extension

The legislation, which passed in the U.S. House earlier this month, will renew the critical production tax credit through the end of 2014 - giving developers only about two weeks left to start construction.


Transmission Study Shows Nebraska Could Handle A Lot More Wind Power

A new report released by the Nebraska Power Review Board finds that the state already has enough infrastructure to accommodate at least 2 GW of additional wind generation.


Can Wind Energy And Birds Coexist? Environmental Group Says Yes

The Environmental Defense Fund, a supporter of responsible wind energy development, points out ways to help mitigate impacts of turbines on birds and bats.


Another Study Finds Wind Turbines Do Not Affect Nearby Property Values

Research conducted by the University of Guelph focused on regions in Ontario, and the conclusion echoes that of previous studies.


Too Little, Too Late? U.S. House Approves Wind PTC Extension

The U.S. House of Representatives has passed a tax extenders package that would renew the wind production tax credit (PTC) and about 50 other expired tax breaks through 2014. The wind industry argues the short-term fix is virtually no fix at all.

Hybrid Energy Innovations 2015