Company to Deploy Small Wind Turbines for Oklahoma Medical Research Foundation

San Diego, Calif.-based Helix Wind Corp. (OTCBB: HLWX) recently announced its joint distribution agreement with Synergy California LP for deployment of small wind vertical axis turbines manufactured by Helix Wind.

In a new release yesterday, Helix Wind stated the agreement represents the first major project with Synergy California, including 25 Helix Wind S594 Systems planned for installation at the Oklahoma Medical Research Facility in Oklahoma City, Oklahoma. At the ground-breaking ceremony of the first Helix Wind platform on May 18 at the Oklahoma site, the “DNA shaped” turbine was demonstrated to an audience of more than 100 attendees.

The company stated its vertical axis design proves to be the better solution over horizontal designs, as the vertical axis wind turbines capture turbulent wind conditions better and produce more power output than the traditional horizontal designs of its competitors. When accounting for federal, state and local tax incentives and rebates, the company can deliver a better return of investment compared with horizontal wind turbine systems.

“The strategic distribution agreement with Synergy California moves small wind into the mainstream of new urban development projects by providing efficient electrons with an elegant esthetic view,” said Helix Wind chairman and President Scott Weinbrandt. “Providing a solution to reduce the cost of traditional carbon based fossil fuel is a huge step forward in reducing carbon footprint in major cities. The deployment of Helix Wind turbines in support of a major research center in an urban setting is a key milestone for us, and we’re proud to be a renewable energy solutions provider to the Oklahoma Medical Research Foundation.”

Helix Wind demonstrated the marketability of its S594 with this important announcement, and believes the company is still operating in an industry still in infancy.

Reinhold Ziegler, Synergy California’s CEO said, “Using Helix Wind’s S594 small wind turbine system will significantly reduce traditional fuel costs and provide a renewable energy foundation for facilities such as OMRF. The 185,000 square feet laboratory adds additional space to the existing research campus. This facility will become Oklahoma’s second gold-certified LEED (Leadership in Energy and Environmental Design) building and first research lab. When the project is completed, 25 S594 wind turbines will be integrated into ducted-shrouds of the building. This is the first micro-wind farm on a building in the world.”

The company’s milestone alliance with Synergy California comes during a strong rebound in fossil fuel prices, which industry experts such as T. Boone Pickens believes will in retrospect appear mild when compared with the prices associated with oil and natural gas shocks beginning next decade –only 18 months away.

Pickens thinks if no action is taken at the federal level to further jump start alternative energy sources—wind in particular–the country will be importing three out of every four barrels of its required supplies by 2019 at $300 per barrel. “We have to get off our dependency of oil from countries that aren’t friendly to ours,” he said at the PricewaterhouseCoopers’ Energy Board Symposium in Houston last month. “It took a long time to get in the spot we’re in now. It’s going to take a long time to get out of it. But I’ll be around to see it happen.”

On the price of natural gas, Pickens said next year he believes it will jump to $7 due to demand, which will restart natural gas exploration projects around the U.S. now put on hold due to the collapse in energy contract prices, which many feel was exaggerate as a result of illiquid hedge funds meeting redemptions during the September 2008 to March 2009 financial meltdown.

But as prices rebounded investors are moving back into the energy space. “Credit is easing for M&A,” he said. “Buyers and sellers are starting to talk with one another and we could be back in business in six months.”

About Helix Wind Corp.

Helix Wind Corp. engages in the development, manufacture, and sale of small wind turbines. The company offers distributed power technology platform designed to produce electric energy from the wind. It serves residential, commercial, governmental, educational, industrial, and agricultural sectors, as well as developers, architects, and engineers. Helix Wind markets its products in Argentina, Uruguay, Paraguay, Chile, Brazil, Aruba, and the Antilles. The company is based in San Diego, California.

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