WindWISDEM, a Ystrategies Portfolio Company, Announces Breakthrough Software-Based Repowering Solution for Wind Farms
Lowers Cost of Extending Production Tax Credits
SAN FRANCISCO–(BUSINESS WIRE)–WindWISDEM Corp., a Ystrategies Corp. (OTC: YSTR) portfolio company and
cloud computing software service provider that optimizes wind farm
performance, today announced that it is launching a software-based
repowering service for wind farms looking to extend production tax
credits (PTC) for an additional ten years. WindWISDEM’s repowering
technology, available in 2018, delivers increased revenue from energy
production efficiencies for existing turbines, meeting IRS PTC
requirements at a fraction of the cost of purchasing expensive hardware
to extend PTCs.
According to Neil Cohen, Vice President of Marketing of WindWISDEM, the
new service reduces cost burdens on repowering wind farms that were
forced to consider replacing working production equipment to achieve the
necessary improvement thresholds required to extend PTCs, an
inefficient, expensive and often unnecessary process.
“WindWISDEM software has redefined how wind farm operators can repower,”
said Mr. Cohen. “Our innovative technology creates significant increases
in energy output and improved overall turbine efficiency and lifespan
without having to replace existing turbines unnecessarily. By leveraging
existing infrastructure with intelligent software, operators will be
able to quickly and inexpensively repower. It is critical to do this
now, given the reduction in wind energy prices and pending expiration of
the production tax credit in December of 2019. Securing an additional
ten years of PTCs at comparatively minimal cost is the common-sense
approach.”
Contact WindWISDEM at [email protected]
or www.windwisdem.com
to learn more about WindWISDEM’s software repowering service.
Separately, WindWISDEM announced plans to hold a Wind Industry
Roundtable on wind farm repowering and efficiency this Fall in San
Francisco, California. To sign up for more information on the
roundtable, go to www.windwisdem.com/roundtable.
About Ystrategies Corp.
Ystrategies is a publicly-traded venture capital firm concentrated on
building disruptive businesses focused on critical issues such as
renewable energy and clean technology. Ystrategies invests in science
and technology emerging from the US National Laboratory System,
incubators, businesses and academic institutions. The Company looks for
market-ready technology with large addressable markets and intellectual
property ready to engage identified customer segment partners in
important commercial agreements. Investments are premised on closing
strategic partner agreements as pathways to valuable exits. Ystrategies
was founded by former Intel Capital Managing Director, Jim Kiles, who is
supported by industry veterans Ashish Badjatia, Andrea Kates, Paul
Overby, Jon Sigerman, Neil Cohen and Shirley Gee. Ystrategies has
offices in Pittsburgh and San Francisco. For more information, visit
Ystrategies’ website at: http://www.ystrategies.com.
About WindWISDEM
WindWISDEM, a startup based in the San Francisco Bay Area founded by
Ystrategies (OTC: YSTR), applies physics-based algorithms against
unpredictable wind data, locally and globally, to identify cooperative
action among multiple wind turbines, diminishing risk while increasing
power production. Early tests have demonstrated that WindWISDEM
technology can significantly increase wind farm energy production. Learn
more at www.windwisdem.com.
Forward Looking Statements.
Certain statements contained herein may be considered “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995, and it is our intent that any such statements be
protected by the safe harbor created thereby. Except for historical
information, the matters set forth herein including, but not limited to,
any statements concerning our plans, strategies, investments, and
objectives are forward-looking statements. These forward-looking
statements are based on our current expectations, estimates and
assumptions and are subject to certain risks and uncertainties. Although
we believe that the expectations, estimates and assumptions reflected in
our forward-looking statements are reasonable, actual results could
differ materially from those projected or assumed in any of our
forward-looking statements. Important factors that could cause our
actual results to differ materially from estimates or projections
contained in our forward-looking statements are set forth in the Risk
Factors section and elsewhere in the reports we have filed with the
Securities and Exchange Commission. We do not intend, and undertake no
obligation, to update any forward-looking statement.
Contacts
Ystrategies Corp. and WindWISDEM Corp.
Neil Cohen,
415-652-5544
Vice President, Marketing and Business Development
[email protected]
or
The
Equity Group
Kalle Ahl, 212-836-9614
CFA
[email protected]
or
Devin
Sullivan, 212-836-9608
[email protected]