Business
Sauer Energy Secures New Funding Source
Sauer Energy Secures New Funding Source.
About this update from Better For You Wellness Inc.
[{"type":"text","content":"\nOXNARD, Calif., June 21, 2018 (GLOBE NEWSWIRE) -- Sauer Energy Inc.® (SEI) (OTCQB:SENY), developer and manufacturer of the patent pending WindCutter® vertical axis wind turbine (VAWT), stated today that it entered into an Equity Purchase Agreement (the “EPA”) and Registration Rights Agreement with GHS Investments, LLC, a Nevada Limited Liability Corporation (“GHS”), located in New York, on February 16, 2018. \n About GHS Investments, LLC GHS Investments, LLC, is a leading private investment group providing financing solutions for high potential small cap enterprises. On March 12, 2018, the Company filed a Form S-1 Registration Statement with the Securities and Exchange Commission (the “SEC”), pursuant to the terms of the EPA.  It was deemed effective by the SEC on June 12, 2018. In the long term, there is a potential to draw up to $7,000,000 in funding.  SEI plans to use these funds to extend its operations.  This new funding will help accelerate our growth, widen our productive wind technologies portfolio and solidify the future, while procuring product awareness and global sales. “It is very exciting to partner with GHS.  We feel they have a solid understanding of our needs and goals and are coming alongside us with the capital we will need to effectively position the Company in the marketplace.  We are looking forward to a long-term association with them,” stated Dieter Sauer, CEO and President of Sauer Energy. About Sauer Energy Inc. Sauer Energy Inc. is a technology developer and manufacturer focused on the emerging renewable energy market.  SEI's first offering, the WindCutter, is based on the Darrieus principal and has five airfoil blades that use the principle of lift to rotate the shaft and is pole mounted only.  Sold as a hybrid system, including solar and energy storage capability, our systems can offer the ability to structure on-grid or off-grid configurations. SEI's technology is remarkable as it requires so few parts.  This means a lower manufacturing cost, more efficient operation, lower maintenance (fewer parts = less chance of malfunction), and greater power generation.  This will provide SEI with a new direction for wind capture, making it easier to scale from residential, to powering a small community...