XZERES Wind Corp. (XWND) Adds Substantial Power Efficiency/Management Technology with the Acquisition of Rochester Power Saver, Inc.
XZERES Wind, www.xzeres.com – the developers of on- and off-grid ready (engineering emphasis on distributed or standalone functionality, where the energy is intended for localized use) wind power systems in the 2.5-10kW range, reported today acquisition of substantially all assets of power management/efficiency solutions developer Rochester Power Saver Inc. President of Rochester, Mike Dana, explained that the terms of the deal include his own retention for a period of up to three years in a sales and product development consultancy role and a 24-month obligation for XWND to pay a 5% royalty on gross profits to the founders (to a…