Southwest Windpower is Small Business Exporter of the Year

Southwest Windpower, a producer of small battery-charging wind generators, has been chosen to receive the 2002 Small Business Exporter of the Year award from the Export-Import Bank of the United States (Ex-Im Bank).

FLAGSTAFF, Arizona – May 9, 2002 [] Founded by two young entrepreneurs out of a garage in rural Arizona in 1986, Southwest Windpower’s vision from the start was to sell its products in the global market and to make a difference in the world through low-cost Renewable Energy. Since it began using Ex-Im Bank’s export credit insurance program in 1996, the company has been able to offer its small foreign distributors open accounts, easing their cash flow and allowing them to place larger orders. “The results have been tremendous,” said Southwest Windpower Vice-President Andrew Kruse. “Last year more than 50 percent of our revenues came from export sales. We now have 50 employees, factories in Flagstaff and Duluth Minnesota and our products are sold in more than 50 countries.” “Southwest Windpower is an outstanding example of how a small enterprise can successfully contribute to the U.S. export effort and U.S. job creation through the use of Ex-Im Bank programs, said Ex-Im Bank Vice Chairman Eduardo Aguirre, Jr. Since its inception, Southwest Windpower has produced more than 60,000 wind generators, of which 10,000 were produced in 2001 alone. The products are used to produce electricity on telecommunication towers, remote homes, off-shore platforms, remote monitoring sites, schools, and homes in emerging markets.
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