Globe and Mail
Globe says Sustainable gets promotional gust from China
2005-08-09 08:51 ET - In the News
The Globe and Mail reports in its Tuesday edition that Sustainable Energy Technologies has agreed to collaborate with a Chinese group to advance the development and commercialization of Darrieus-type wind turbines for use in China and other markets. The unbylined item says that under a memorandum of understanding signed on behalf of the China Renewable Energy Technologies Delegation, Sustainable Energy will license its technology and know-how, and will collaborate with the Chinese in advancing vertical axis wind turbine technology, beginning with the construction and testing of a commercial prototype of Sustainable Energy's 250-kilowatt turbine -- the "Chinook 250" -- at a test site in Southern Alberta. "The partnership is an important validation of the value of our wind turbine design and of our expertise with this technology," said Michael Carten, president and chief executive officer. Sustainable Energy shares rose five cents to 26 cents on the TSX Venture Exchange.