in News Departments > FYI
print the content item

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.

Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Recapping The Wind Industry's Third-Quarter Deals

Mercom Capital Group recaps investment and merger and acquisition activity during July, August and September.


Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.

Renewable NRG_id1934
Hybrid Energy Innovations 2015
Canwea_id1984