XZERES Consummates Dealer Agreement With Weole EnergyPOSTED 10/27/11 WILSONVILLE, Ore., Oct. 27, 2011 /PRNewswire/ — XZERES Corp. (OTCBB: XPWR), designer, developer and producer of distributed generation, wind power systems and power management and power efficiency devices for the renewable and clean energy markets, announced today that it has consummated a Dealer Agreement with Weole Energy, the largest distributed wind energy dealer serving the French marketplace.
“We are very pleased to have successfully engaged in a dealer agreement with Weole Energy,” said Frank Greco, CEO and President. “We have worked diligently to position XZERES and its products globally. This agreement demonstrates our ability to expand beyond our recent successes in the UK marketplace and further penetrate the very lucrative Continental European market for distributed wind energy. We continue to demonstrate to our customers and dealers our high quality, world class, certified wind power systems as the right solution for their distributed, renewable energy needs,” further commented Mr. Greco.
“Besides France, we have also expanded our reach throughout other European Community countries and anticipate additional prominent Distributed Wind Energy Dealers to execute similar agreements with us in the near future, including Germany, Italy and beyond. In addition we will continue our penetration in Asia and expansion into other global markets such as South America and Australia. All of these successes will also provide global channels through which we will be able to grow and leverage our power management and power energy efficiency devices as well,” added Mr. Greco.
“Our continued international sales and marketing penetration and increasing global reach demonstrates the successful execution of our international plans which began mid last year, as well as our focus as a sales and marketing organization. We are demonstrating that we are not just an engineered systems company, as we rapidly achieve a global sales and marketing footprint. We believe XZERES’ standards of high quality products with industry leading performance, strong customer support and an aggressive sales and marketing strategy, will pay significant dividends to our stakeholders in terms of shareholder value creation. XZERES has now reported 5 consecutive quarters of improved operating results with 30%+ revenue growth. Stay tuned for further customer-related announcements and business model additions” stated David N Baker, Chairman.
For more information about XZERES or any of its products, please visit www.xzeres.com and www.xzeresenergy.com as well as www.xzeres.co.uk
Media Contact: XZERES Investor Relations 503-388-7331