Greentech Media

Americas Wind Energy Corporation ("AWE") (OTCBB: AWNE - News) and Emergya Wind Technologies Holdings N.V. ("EWT"), the international supplier and manufacturer of DIRECTWIND wind turbines, are pleased to announce that they have entered into a Letter of Intent for EWT to acquire all issued and outstanding shares of AWE in a cash merger transaction. The merger transaction is subject to completion of EWT's due diligence and a definitive merger agreement, AWE stockholder approval, as well as customary third party and regulatory approvals.

As a part of its consolidation and market development strategy, through the acquisition of AWE, EWT will control the exclusive rights to manufacture, sell and distribute the DIRECTWIND turbine product line in North America. AWE has licensed these rights from EWT since 2004.

"Joining with AWE in accessing the North American market for our products will be an important milestone that further demonstrates our global commitment to our customers and stakeholders. We are pleased that upon completion of the merger we will be able to direct and control all sales, customer service and manufacturing efforts of our DIRECTWIND turbines within the fastest growing market for wind power" stated Gerry van der Sluys, President & CEO, Emergya Wind Technologies B.V.

"This merger proposed by EWT will provide significant opportunities to sell further Direct Drive windturbines into the North American market and AWE looks forward to cooperating with EWT in this bold new venture," stated Hal Dickout, President and CEO of AWE.

With its corporate offices at Schiphol Amsterdam Airport, The Netherlands, EWT is recognized as a worldwide leader in the design of direct drive wind turbines providing wind energy solutions with excellent Cost of Ownership. The design of EWT's DIRECTWIND 750 and 900 turbines is characterized by the elimination of the traditional gear box present in conventional wind turbines, resulting in increased wind to power conversion, improved reliability and lower maintenance costs.