House & Home
House and Home
House and Home 
Wed, May 26, 2010
Far East Wind Power Signs LOI With Málama Composites to Introduce Eco Friendly High Performance Materials to Wind Power In
PHOENIX, AZ--(Marketwire - May 26, 2010) - Far East Wind Power Corp. (
Málama Composites Corporation manufactures proprietary rigid polyurethane foams made from plant-based resins. By utilizing polyols derived from soy, castor, jatropha or even algae, they produce fundamentally new core materials that are strong, light-weight, cost competitive, and far more environmentally sustainable than petroleum-based alternatives.
David Saltman, CEO of Málama, comments, "We are excited to be working with Far East Wind to develop the next generation of wind turbine blades. The utilization of bio-based rigid polyurethane foam cores can reduce the weight of the blades, making them easier to transport and install. Equally important is the fact that our core materials are highly moisture resistant, providing greater longevity and retention of stability and blade balance which can reduce friction and pressure impact on the gear systems. Our product applications are ultimately aimed at increasing the duty cycle of the whole turbine. We anticipate our collaborative efforts will lead to product applications world-wide."
Mr. Marcus Laun, Director of Far East Wind, states, "Given the global environmental context which drives the alternative energy sector in the first place, a significant part of our mission at Far East Wind is to find new solutions to drive costs out of the manufacturing process while at the same time to introduce new green technologies and partnerships that enhance and firmly stake out our role as responsible innovators in the industry. Málama Composites is ideally suited to provide extraordinary potential for growth in new and exciting areas of the manufacturing process."
For more information regarding Málama Composites Corporation please visit: [ www.malamacomposites.com ].
Details of the company's business, finances, appointments and agreements can be found as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database. For more information visit: [ www.fareastwind.com ].
About Far East Wind Power Corp. (
Far East Wind Power Corp. aims to generate clean and profitable energy in one of the world's fastest growing energy sectors through access to a portfolio of high-calibre utility-class wind power development projects. Far East will inject innovation to drive cost out of turbine manufacturing, introduce new technologies and strategic relationships, plus aggressively pursue low cost of capital to deliver the most competitive cost per capacity and highest rates of return in the Asian marketplace. For more information, visit: [ www.fareastwind.com ]
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
ON BEHALF OF THE BOARD
Far East Wind Power Corp.
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Marcus Laun, Director