Q: WindTamer Corp., which is based in Geneseo, Livingston County, hired a president this week and announced that the company's stock started to trade. What is the focus of your company, and what sets it apart from other firms?
A: WindTamer manufactures and markets a wind turbine based on a patented new technology we have developed. We believe our turbines are more efficient, quieter, safer and more aesthetically pleasing than those of our competitors.
Q: What are the industry challenges and opportunities you see for WindTamer?
A: Wind energy still generates only about 2 percent of the annual electrical needs of the United States. That's both a challenge and an opportunity. The challenge is to get businesses, governments and individuals more focused on renewable energy and to demonstrate that WindTamer turbines provide genuine economic benefits to our customers as well as environmental benefits in general. The opportunity is the potential for growth.
Q: The stock began trading publicly this week on the OTC Bulletin Board. What are the advantages of taking WindTamer public?
A: Taking the company public allows the many people who invested in WindTamer during its development stage the opportunity to trade their shares on the public market. But more importantly, being a public company creates financial flexibility in the future in terms of the company's financing needs going forward as we expand our manufacturing and marketing.
Q: You also announced this week the appointment of William Schmitz, former chief operating officer at Ultralife Corp., as WindTamer's president. Why is he a good fit for the company?
A: Bill brings extensive management experience in a host of areas, such as manufacturing, marketing and quality control processes, which are vital to WindTamer as we move from being a development-stage company to a full-scale manufacturing and sales operation.
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