SAN DIEGO, California – Helix Wind Corporation has signed a definitive purchase agreement to acquire Venco Power GmbH, a producer of vertical axis small wind turbines, based in Bernterode, Germany. The acquisition will add three complementary small wind turbine products to Helix Wind’s existing portfolio.

CEO of the California company, Ian Gardner, reported that, on consummation, the acquisition would increase sales this year and have a significant impact in 2010 and 2011 by adding products that widen its prospective customer base.

With the addition of Venco Power’s products, Helix will offer vertical axis turbines that perform well at lower wind speeds, enable various price-points, and appeal to a range of aesthetic tastes. These turbines are suitable for sailboats, charging batteries, remote field stations, off-grid installations, and medium-sized commercial, agricultural, farm, and community wind sites supplying multiple homes from a single 50 kilowatt (kW) unit.

Single-point source

“Filling out Helix Wind’s product portfolio with Venco’s high-quality vertical axis units,” Mr Gardner said, “enables us to be a single-point source for world-class systems, service, and financing to customers worldwide.”

It is anticipated that the German company’s personnel, including engineering staff, will be added to Helix's existing team. "The acquisition allows us to expand our product line, address additional vertical markets, and enable our distributors to support a wider range of customer requirements and price-points. We're also excited to bring German engineering talent and technology to the quest for alternative energy."

The announcement of this purchase agreement follows closely on Helix Wind’s announcement two weeks ago of its plan to buy the assets of a pair of related Portland, Oregon-based small wind turbine companies, Abundant Renewable Energy LLC and Renewable Engineering LLC. Like the planned acquisition of Venco Power, these acquisitions fill-out Helix Wind’s product line of small wind turbines.

Corporate information

Based in Bernterode, in the state of Thuringia, Venco Power GmbH is a global renewable energy company. It is engaged in the design, manufacturing, and sale of small wind vertical axis turbines designed to generate 0.3, 1.0, and 50.0 kW of clean, renewable electricity. More at www.vencopower.com

Based in San Diego, Helix Wind (OTCBB:HLXW) a global renewable energy company, is engaged in the design, manufacturing, and sale of small wind vertical axis turbine designed to generate 300W, 1kW, 2.0 kW, 4.0 kW,, and 50 kW of clean, renewable electricity. More at www.helixwind.com