Sauer Energy Secures New Funding Source
OXNARD, Calif., June 21, 2018 (GLOBE NEWSWIRE) -- Sauer Energy Inc.® (SEI) (OTCQB:SENY), developer and manufacturer of the patent pending WindCutter® vertical axis wind turbine (VAWT), stated today that it entered into an Equity Purchase Agreement (the “EPA”) and Registration Rights Agreement with GHS Investments, LLC, a Nevada Limited Liability Corporation (“GHS”), located in New York, on February 16, 2018.
About GHS Investments, LLC
GHS Investments, LLC, is a leading private investment group providing financing solutions for high potential small cap enterprises.
On March 12, 2018, the Company filed a Form S-1 Registration Statement with the Securities and Exchange Commission (the “SEC”), pursuant to the terms of the EPA. It was deemed effective by the SEC on June 12, 2018.
In the long term, there is a potential to draw up to $7,000,000 in funding. SEI plans to use these funds to extend its operations. This new funding will help accelerate our growth, widen our productive wind technologies portfolio and solidify the future, while procuring product awareness and global sales.
“It is very exciting to partner with GHS. We feel they have a solid understanding of our needs and goals and are coming alongside us with the capital we will need to effectively position the Company in the marketplace. We are looking forward to a long-term association with them,” stated Dieter Sauer, CEO and President of Sauer Energy.
About Sauer Energy Inc.
Sauer Energy Inc. is a technology developer and manufacturer focused on the emerging renewable energy market. SEI's first offering, the WindCutter, is based on the Darrieus principal and has five airfoil blades that use the principle of lift to rotate the shaft and is pole mounted only. Sold as a hybrid system, including solar and energy storage capability, our systems can offer the ability to structure on-grid or off-grid configurations.
SEI's technology is remarkable as it requires so few parts. This means a lower manufacturing cost, more efficient operation, lower maintenance (fewer parts = less chance of malfunction), and greater power generation. This will provide SEI with a new direction for wind capture, making it easier to scale from residential, to powering a small community -- all the way up to large industrial facilities. The market opportunity for this new, self-contained, innovative technology is unlimited and growing rapidly.
With several patents in place and many more pending, SEI looks forward to delivering on its promises for commercialization, and it is also aggressively moving toward a financial return on its investments. To learn more about Sauer Energy, please visit: www.SauerEnergy.com
Sauer Energy... Harnessing the true power of wind!®
Forward-Looking Statements
This news release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey Company progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the Company at this time, actual results may differ materially and are subject to risk and uncertainties. Factors that may cause actual results to differ include without limitation: dependence on key personnel and suppliers; SEI's ability to commercialize its wind turbine technology; ability to defend intellectual property; wind turbine material and component costs; competition; economic conditions; consumer demand and product acceptance, and availability of growth capital.
Additional considerations and risk factors are set forth in reports filed on Form 8-K and 10-K with the SEC and other filings. Readers are cautioned not to place undue reliance upon these forward-looking statements; historical information is not an indicator of future performance. The Company undertakes no obligation to update publicly any forward-looking statements.
Contact Information
Sauer Energy, Inc.
Dieter Sauer
President and CEO
(888) 829-8748
www.SauerEnergy.com
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