WINDSTREAM TECHNOLOG (OTCMKTS:WSTI) disclosed that it introduced a new and unique product line that offers enhanced energy performance and efficiency. JPS, the company’s distributor operational in the Caribbean, is the first firm to get the new iteration of the SolarMill®. The product has been improved following which it minimizes the number of elements for grid-tied applications, improves margins by reducing the customer ROI and reduces the unit cost by 21%. The company plans to roll out the new version in the Japan and Caribbean.
The expert view
Garth McKenzie of JPS said the modular nature of the new technology enables existing customers to opt for up gradation of their installed SolarMill systems. They can upgrade the older versions to boost their energy generation. The innovation is entirely innovative as it enables a customer to benefit from WindStream’s product improvement. There is no need for total do-over as a simple upgrade would complete the job. Less improvement and more energy ultimately improve customer service.
WindStream product technology has continued to grow its penetration in Jamaica market with more than 600KW of ‘SolarMIll’ solutions introduced in the market in 1Q2015.The primary application is in the residential application. However, in past few months there has been an expanded interest in commercial sector too, as energy prices remain high at almost $0.33/kWh that is nearly 3 times the U.S. average.
The management speaks
Travis Campbell, the COO of WindStream said that the company’s customers across the globe demand the same thing and that is the energy at the lowest possible prices. The new technologies introduced by the company meet the challenges. It is a significant milestone in the space of renewable energy, enabling backward compatibility.
In last trading session, the share price of WindStream declined more than 8% to close the trading session at $0.0610. The decline came at a share volume of 3.65 million compared to average share volume of 2.56 million.