NEWBURY PARK, CA--(Marketwire - November 1, 2010) - Sauer Energy, Inc. ("SEI") (
The government of Abu Dhabi has established the Zayed Future Energy Prize with an annual prize fund to honor individuals, companies, NGOs and organizations for their excellence in the innovation, development and implementation of sustainable energy solutions. The winner shall receive US$1.5 million, and the Zayed Future Energy Prize reserves the right to award other finalists.
Dieter Sauer, President and CEO of Sauer Energy, commented, "We are honored to be nominated by our renewable energy industry peers for the Zayed Future Energy Prize. This is an extremely prestigious program and we are especially grateful that our wind turbine would receive the nomination at this time, just prior to its commercialization."
"Sauer Energy is also pleased that this nomination, and the review of our turbine by pre-eminent alternative energy scientists and distinguished environmental experts, will raise our visibility for global opportunities and connections with which to provide our turbine wherever it can do the most good," Mr. Sauer added. "We embrace the spirit of this competition with our application, as we anticipate providing a sustainable wind energy solution to help empower mankind to prosper with energy as free, clean and sustainable as the wind."
With the Zayed Future Energy Prize, Abu Dhabi, with its international partners at its side, aims to inspire the next generation of global energy innovators -- creating solutions we can barely imagine today. The Prize will be awarded to up to three individuals, companies, organizations or NGOs that have made significant contributions in the global response to the future of energy. Finalists will be nominated by experts across the globe while the winners will be chosen by a jury chaired by Dr. R.K. Pachauri, Chairman of the Intergovernmental Panel on Climate Change and winner of the 2007 Nobel Peace Prize.
The winner and finalist of the prize will be announced at the upcoming World Future Energy Summit to be held in 2011. Finalists and winners will be chosen by a jury of the world's leading experts in future energy and mitigation of climate changes.
About Zayed Future Energy Prize
The Zayed Future Energy Prize came to fruition as a result of the vision of the late Ruler of Abu Dhabi and Founding Father of the United Arab Emirates, The Late, Sheikh Zayed bin Sultan Al Nahyan. In 2008 at the World Future Energy Summit, His Highness, General Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and Deputy Supreme Commander of the Armed Forces of the UAE, announced The Zayed Future Energy Prize, to honor his legacy of environmental stewardship.
Securing the future of energy is one of the greatest challenges facing mankind today, but overshadowing even this is the specter of serious and irreversible climate change. New future energy solutions are urgently needed to meet these challenges and Abu Dhabi, one of the world's major energy providers, is taking a leadership role in this search. Combining development with respect for the environment has been a consistent theme of Abu Dhabi since its inception. Please visit www.ZayedFutureEnergyPrize.com.
About Sauer Energy
Sauer Energy is deploying revolutionary patented technology in its turbines that makes them highly productive while being small and affordable. It targets the individual home and small business owner in urban or rural areas. The design is a compact vertical-axis wind turbine (VAWT) that can be sited on location without being intrusive. It is designed to be integrated directly into existing building structures and can be roof mounted or stand alone. For more information, visit www.SauerEnergy.com.
Forward-Looking Statements
This news release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey Company progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the Company at this time, actual results may differ materially and are subject to risk and uncertainties. Factors that may cause actual results to differ include without limitation: dependence on key personnel and suppliers; SEI's ability to commercialize its wind turbine technology; ability to defend intellectual property; wind turbine material and component costs; competition; economic conditions; consumer demand and product acceptance, and availability of growth capital.
Additional considerations and risk factors are set forth in reports filed on Form 8-K and 10-K with the SEC and other filings. Readers are cautioned not to place undue reliance upon these forward-looking statements; historical information is not an indicator of future performance. The Company undertakes no obligation to update publicly any forward-looking statements.
Contact Information:
Contact:
Sauer Energy, Inc.
Dieter Sauer
President and CEO
(888) 829-8748
www.SauerEnergy.com