AWEC Announces New Orders for Wind Turbines

Toronto, Canada [] Americas Wind Energy Corporation (AWEC) announced the receipt of several new orders for wind turbines. Its Canadian subsidiary, Americas Wind Energy Inc., has recently sold its shares in Emergya Wind Technologies B.V., the proceeds of which were used to completely retire its loan from Digital Predictive Systems Inc. (DPS). The company is now debt free and retains its exclusive license for the Direct Drive technology for North America. The repayment of the loan from DPS is anticipated to be a positive transaction for the company.
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