Building Turbines, Inc. through Green CityPlanet, a fully owned subsidiary of Building Turbines, Inc., has secured a five million dollar line of credit through, Sirius Green Solutions, Inc. The access to these funds will allow for the increase in current sales and distribution of wind turbines, solar and LED lighting; granting Building Turbines,Inc. the working capital necessary, to secure all product and equipment necessary to fulfill large orders that they have in process, with commercial customers, governmental agencies, and state and municipal entities.
The company has experienced encouraging success in its initial bidding, fueled by rapid feedback in its channel development. Out of the estimated eight billion dollar LED market; Building Turbines is in various stages of bidding, signing and installing over 16 Million dollars in government and municipal contracts that they have identified, with plans of bidding on, and securing hundreds of millions of dollars more. These bids for securing private,governmental and municipal entities are being processed with rapid submittal and awards notifications. Building Turbines, Inc has already secured a variety of Approved Vendor listings; including, but not limited to, The Federal Government, State of Texas, Harris County and The City of Houston. The submission process to become Approved Vendors for other companies, cities and states, is also currently being undertaken. Any future bid submittals will automatically carry the Approved Vendor Status for that region or company.
“The addition of the Line of Credit, will allow us to install our backlog of LED lighting projects, in parallel, and secure much larger projects, continuing to increase the inflow revenues, which allow for continued expansion into all areas dealing with urban Green Energy Solutions. We believe that this is just the tip of the iceberg, and as government agencies convert from the old florescent tube lights,to new LED lighting systems, these numbers will dramatically increase,” stated John Graham Sr., CEO of Building Turbines, Inc.
About BUILDING TURBINES, Inc: www.buildingturbines.com Based inAustin, Texas, Building Turbines, Inc. is focused on the design and manufacture of patented rooftop wind turbines; as well as, vertically integrating into other renewable energy solutions to complete a totalGreen Energy Solution for any urban environment.
