Dakshidin Corporation currently produces the world’s most powerful pumping windmill through its wholly owned subsidiary, RESTEC International, Inc. Using free, renewable energy to pump water as far as 10 miles away, and from depths of up to 4,000 feet, the RESTEC Mark 10 water pumping windmill works with wind speeds as low as 4 mph. Over several years, the company has spent over $5,000,000 in research and development of the RESTEC Mark 10.
Testing has already occurred at the University of Texas A&M, in their Turbo Machinery Laboratory and at the Department of Agriculture in Alberta, Canada. The tests clearly showed that the RESTEC Mark 10 is fully able to pump more water at lower cost, at any depth and any wind speed, compared to any other windmill available around the world. Applying features like a unique rotating counterbalance, similar to that used in oil pumps, the windmill can operate at speeds as low as 4mph and enables users to tap wind energy in areas previously thought to have insufficient wind speeds for power generation.
The company has announced several significant new sales agreements which should greatly enhance their revenue substantially. Beginning in November 2007, the company signed a sales agreement with Pacific Power Development Corp. (PPDC) valued at approximately $48 million. PPDC is purchasing several RESTEC Mark 10E low speed wind turbines to generate utility grid electricity at two prominent PPDC Wind Farms in the Hunan province of China. Additionally, HKS Wuhu, a joint venture subsidiary consisting of equipment for manufacturing 20 RESTEC Mark 10 windmills, purchased $3.6 million from the Dakishidin Corporation.
The company’s management team comprises of more than twenty-years of windmill management experience, and is currently working on the development plan for the RESTEC Mark 10 windmills. The company has been rated as a Speculative Buy with a price target of $1.22 by Beacon Equity Research Analyst, Victor Shula, PhD.
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