February 22, 2008—Real Logic, Inc., 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 it will be transferring into the new subsidiary the exclusive rights for the intellectual property for the system, including patents and patents pending, proprietary systems, improved wind turbine design, and other numerous innovations unique to this industry.
The company’s commercial wind/hydrogen energy innovations are expected to offer the renewable energy market a distinctive power generation system costing less than conventional technology available. Currently, there are only five major worldwide corporations in the wind industry: G.E., Siemens, Mitsubishi, Suzlon, and Gamesa.
These companies have been so successful that they have backlogs of orders for their equipment until mid 2010, according to Real Logic. Based on supply and demand alone, Real Logic believes it can fulfill the roll of a major supplier with a proprietary product that is readily available and less costly than existing systems in the marketplace.
For more information, visit the Real Logic Web site.
