|By Marketwired .||
|April 14, 2014 05:07 PM EDT||
NORTH VERNON, IN--(Marketwired - April 14, 2014) - WindStream Technologies, Inc. (OTCQB: WSTI) and Burnham Securities, Inc. have reached an agreement for representation of the Company for all fundraising efforts. This agreement will allow Burnham to raise capital for the Company's expansion and worldwide sales efforts. WindStream expects to use this capital to expand its manufacturing capabilities in North Vernon, Indiana adding as many as 20 new jobs to its operations to meet current customer demand. The Company manufactures the first of its kind "Hybrid" renewable energy solution called the SolarMill®, which has resonated with customers all over the world. "We are very excited about our new relationship with Burnham Securities," said Dan Bates, President and CEO of WindStream Technologies. "Working with a prestigious firm like Burnham validates all the hard work we have put into the WindStream products and company. The engagement of Burnham as our investment banking advisor will improve our international expansion plans by providing the Company with access to growth capital as we enter the public markets."
WindStream Technologies builds a unique product that is a simple, efficient and cost effective way for consumers, either on or off grid, to save money on their energy bills or provide clean energy in settings where the supply of electricity is not consistent or non-existent. "When we saw the technology that WindStream has developed and the worldwide sales traction that they have already achieved, we knew that this was a management team that we wanted to work with and could also add significant strategic value as their investment bank and partner," said Hugh Dunkerley, Managing Director of Burnham Securities. "Burnham is uniquely positioned to help clients like WindStream secure capital for worldwide growth and our international contacts also bring potential new and exciting sales opportunities to the Company," he added. The Company has recently completed its merger and is now listed and trading under the symbol WSTI in the OTC Markets of the US.
About WindStream Technologies Inc.
Headquartered in North Vernon, Indiana, WindStream Technologies is the leader in low-cost, hybrid, renewable energy solutions for urban, suburban and off-grid environments. Founded in July 2008, American owned and operated, WindStream Technologies has designed, tested, and now manufacturing its patented TurboMill® and SolarMill® distributed energy solutions, proving that homegrown innovation and manufacturing can thrive in today's economy. For more information about WindStream Technologies, Inc., please visit www.windstream-inc.com
About Burnham Securities, Inc.
Burnham Securities, is a full-service investment bank, FINRA-licensed, SIPC Member firm providing corporate finance, institutional and individual brokerage, with a longstanding clearing relationships through JP Morgan and additionally COR Clearing. The firm is headquartered in New York with offices in Irvine, CA and Houston, TX. Burnham Financial Group is the parent of both Burnham Securities and Burnham Asset Management, founded in 1931 by Wall Street legend I.W. Burnham II. His legacy firm spawned Drexel Burnham Lambert, which innovated high-yield finance markets and dominated global league tables in the 1980s while funding some of what are today's most iconic companies. I.W.'s son, Jon Burnham, is Chairman of today's Burnham Financial Group. Burnham Asset Management is an SEC Registered Investment Advisor and manages the Burnham Investors Trust, a publicly-traded, Morningstar-rated mutual fund family founded in 1961. For more information go to www.burnhamfinancial.com
WindStream Technologies, Inc.
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner, Product Manager of the Omega DevCloud with KORE Telematics Inc., discussed the evolving requirements for developers as IoT matures and conducte...
Aug. 1, 2015 03:15 PM EDT Reads: 308
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
Aug. 1, 2015 03:00 PM EDT Reads: 504
With SaaS use rampant across organizations, how can IT departments track company data and maintain security? More and more departments are commissioning their own solutions and bypassing IT. A cloud environment is amorphous and powerful, allowing you to set up solutions for all of your user needs: document sharing and collaboration, mobile access, e-mail, even industry-specific applications. In his session at 16th Cloud Expo, Shawn Mills, President and a founder of Green House Data, discussed h...
Aug. 1, 2015 02:45 PM EDT Reads: 437
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
Aug. 1, 2015 11:15 AM EDT Reads: 154
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
Aug. 1, 2015 10:30 AM EDT Reads: 203
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
Aug. 1, 2015 10:00 AM EDT Reads: 287
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. In his session at 15th Cloud Expo, Michael Meiner, an Engineering Director at Oracle, Corporation, analyzed a range of cloud offerings (IaaS, PaaS, SaaS) and discussed the benefits/challenges of migrating to each offe...
Aug. 1, 2015 09:45 AM EDT Reads: 124
Puppet Labs has announced the next major update to its flagship product: Puppet Enterprise 2015.2. This release includes new features providing DevOps teams with clarity, simplicity and additional management capabilities, including an all-new user interface, an interactive graph for visualizing infrastructure code, a new unified agent and broader infrastructure support.
Aug. 1, 2015 09:45 AM EDT Reads: 179
Chuck Piluso presented a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Prior to Secure Infrastructure and Services, Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of International Te...
Aug. 1, 2015 09:45 AM EDT Reads: 384
One of the hottest areas in cloud right now is DRaaS and related offerings. In his session at 16th Cloud Expo, Dale Levesque, Disaster Recovery Product Manager with Windstream's Cloud and Data Center Marketing team, will discuss the benefits of the cloud model, which far outweigh the traditional approach, and how enterprises need to ensure that their needs are properly being met.
Aug. 1, 2015 08:00 AM EDT Reads: 1,685
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
Aug. 1, 2015 08:00 AM EDT Reads: 300
Learn how to solve the problem of keeping files in sync between multiple Docker containers. In his session at 16th Cloud Expo, Aaron Brongersma, Senior Infrastructure Engineer at Modulus, discussed using rsync, GlusterFS, EBS and Bit Torrent Sync. He broke down the tools that are needed to help create a seamless user experience. In the end, can we have an environment where we can easily move Docker containers, servers, and volumes without impacting our applications? He shared his results so yo...
Jul. 31, 2015 11:45 PM EDT Reads: 787
Palerra, the cloud security automation company, announced enhanced support for Amazon AWS, allowing IT security and DevOps teams to automate activity and configuration monitoring, anomaly detection, and orchestrated remediation, thereby meeting compliance mandates within complex infrastructure deployments. "Monitoring and threat detection for AWS is a non-trivial task. While Amazon's flexible environment facilitates successful DevOps implementations, it adds another layer, which can become a ...
Jul. 31, 2015 10:15 PM EDT Reads: 315
In their session at 17th Cloud Expo, Hal Schwartz, CEO of Secure Infrastructure & Services (SIAS), and Chuck Paolillo, CTO of Secure Infrastructure & Services (SIAS), provide a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. In his role as CEO of Secure Infrastructure & Services (SIAS), Hal Schwartz provides leadership and direction for the company.
Jul. 31, 2015 11:45 AM EDT Reads: 139
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
Jul. 31, 2015 11:45 AM EDT Reads: 128