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American Company Spotlight

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Dakshidin Corp. Website:
Click Here |
Information As Of February 22,
2008 |
| Exchange:
Pink Sheets |
Market
Cap:
9.3 Million |
| Outstanding Shares:
66.7 Million |
52 Low / High:
$0.07 / $0.42 |
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Price February 22, 2008:
$0.14
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DKSC Recent Stock Quote and News:
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'Over 200 Developing
Countries, with more than one billion population, have no low
wind-speed windmills. Each Developing Country has a minimum
need for 10,000 Windmills. This represents a potential market
of millions of Windmills.'
Overview
Dakshidin Corporation, through its wholly owned
subsidiary, RESTEC International Inc., produces the world's
most powerful pumping windmill. The RESTEC Mark 10 water
pumping windmill uses free, renewable energy to pump water
from as far as 10 miles away, from depths of up to 4,000
feet, and works with wind speeds as low as 4 mph.
Historically, developing countries have used submersible
pumps, water wells, or centrifugal / packaged pump stations
to secure clean drinking water. But problems such as the
costs for fuel to operate pumps, the possibility of fuel /
oil contaminating the water supply, and limitations on
pumping all equate to too many people and not enough clean
water for these regions.
Investment Highlights
- Tests conducted by the Turbo-Machinery Laboratory of
Texas A&M University and the Department of Agriculture in
Alberta, Canada indicate that the RESTEC Mark 10 is able to
pump more water at a lower cost, at any depth and in any
wind speed, than any other windmill available around the
world.
- The RESTEC Mark 10 windmill features a unique rotating
counterbalance system similar to that used in oil pumps
which allows it to draw water from depths of up to 4,000
feet and operate at wind speeds as slow as 4 MPH. The Mark
10 enables users to tap wind energy in areas previously
thought to have insufficient wind speeds for power
generation.
- DKSC has announced several significant new sales
agreements which should greatly enhance the Company’s
revenue visibility. In November 2007, DKSC 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 established PPDC Wind Farms in the
Hunan province of China.
- DKSC has announced a $3.6 million purchase order from
its HKS Wuhu joint venture subsidiary consisting of
equipment for manufacturing 20 RESTEC Mark 10 windmills and
20 RESTEC Mark 10E wind turbines.
- Concerns about oil and gas supplies, rising fuel prices
and environmental issues relating to greenhouse gas
emissions are spurring considerable interest in clean energy
technologies to meet current and future global electricity
demand.
- RESTEC management has more than 20 man-years of windmill experience,
along with more than $5 million of Research & Development
and lastly and most importantly, the commercially ready RESTEC Mark 10 Windmill
system.
- The RESTEC development is based on a business plan prepared
by Mitre Corporation, a world-renowned scientific “think
tank,” for the U.S. Department of Energy’s (DOE)
“Energy-Related Inventions Program.
- Dakshidin Corp. has been rated Speculative Buy with a
price target of $1.22 by Beacon Equity Research Analyst,
Victor Sula, PhD. The full research report can be
found
here.
Executive Summary
Dakshidin Corporation through its wholly owned subsidiary
RESTEC International Inc. produces the world’s most powerful
pumping windmill. Over a period of several years RESTEC
spent $5,000,000 on research and development. This created a
completely new style of windmill; the RESTEC Mark 10.
During the second half of 2007, DKSC initiated a marketing
program designed to increase the visibility of its products
by installing demonstration windmills at select locations
around the world. As a part of this program, the Company has
also negotiated distributor agreements in the US, the
Caribbean, Africa, China and India and a
manufacturing/distribution joint venture in China.
In November 2007, DKSC formed a partnership with HS
Management Ltd and HS Green Products Limited to create a
joint venture in China, HKS Environment Energy Development
Ltd. (HKS Wuhu), which will manufacture and distribute
RESTEC Mark 10 windmills. HKS Wuhu has negotiated the
purchase of 100 acres in the Wuhu County industrial park on
which it plans to construct its manufacturing and
distribution facility.
Conventional multi-blade water pumping windmills require
wind speeds in excess of 15 miles per hour (24 KPH) to pump
to 300 feet (100 meters). However, wind speeds of 15 MPH
occur less than 20% of the time over the earth’s land
surface. The RESTEC Mark 10 can operate at wind speeds as
slow as 3 MPH (4.8 KPH) and pump up to 4,000 feet (1,200
meters). Wind speeds of 10 mph (16 KPH) or less occur more
than 90% of the time over 90% of the earth’s surface.
Testing over the last few years of the windmill has been
carried out at Texas A&M, Lethbridge, Alberta, – Department
of Agriculture and in the field in Mexico, China and
Arizona. It has been documented to produce more water at a
lower unit cost than any other windmill tested.
Initially the windmill was created solely to draw water in
greater amounts and from greater depths than previously
possible. Approximately 10 years ago, research began in the
area of purifying water by means of a low pressure, low
temperature flash distillation system. Research in that area
continues today with the addition of a third party’s work in
water purification using a low pressure reverse osmosis
system soon to be tested in a full scale municipal test.
Both of these systems use only the power of the windmill in
a total ‘off-grid’ fashion. Generation of utility-grade
electricity is also being developed. Wind is free and
plentiful as well as sustainable.
Earlier this year, management traveled to China to secure
and increase manufacturing facilities for anticipated sales
created by extensive marketing activities in Africa, China,
India and the Caribbean. Initial results of the introduction
of this new technology are overwhelming. The World Water
Crisis has created an enormous market for the RESTEC Mark 10
windmill. The RESTEC solution does not use fossil fuels and
as such is very much in line with current politically
correct solutions
Sales of the windmills are being made by a Distributor
Network that is growing rapidly. Research and Development is
being further aided by scientists working for Kensam
Echo-Tech Services Co. Ltd. (Kensam) in the province of
Yunnan, China. Dakshidin acquired the controlling interest
of this firm in July of this year.
Kensam has been operating in China for the past seven years
in the Economic and Technical Services area within the
Energy and Mineral sectors and brings significant marketing
expertise as well.
Dakshidin Corporation’s goal is to be able to create
complete Eco-Villages that are fully self sustaining
off-grid and can be shipped anywhere in the world and set up
in an expeditious fashion.
September 2007 marks the beginning of a comprehensive
marketing campaign to all of the UN countries as well as the
setting up of dozens of demonstration windmills worldwide.
The initial orders are expected to be in the thousands for
the first 12 months and increasing thereafter.
RESTEC Mark 10 Information
- The unique features of RESTEC Windmills are:
- Begin cost-effective operation in wind speeds of 4 MPH
- Pump to depths of 4,000 feet
- In addition, the Windmill has the capability to desalinate
and purify diseased water, generate low-level electricity and
aerate water … in any remote location, using only wind power.
- Purification capabilities
- RESTEC Windmills are the only types that will function in
the low wind speeds prevalent in Developing Countries.
This type of Technology is funded by international aid
agencies in an effort to promote economic and nutritional
self-sufficiency for rural-located peoples in Developing
Countries.
Conventional windmills require wind speeds of 15 to
18 MPH to pump to 300 feet. Wind speeds of 4 MPH occur 95% of the time over the
earth’s surface, while wind speeds of 15 MPH occur only 20% of
the time.
The market for RESTEC technology is in Developing Countries
where average wind speeds are less than 10 MPH and
conventional water pumping windmills cannot operate.
The size of the Developing Country market can be compared to
the number of conventional water-pumping windmills in the
western United States before 1930. From 1880 to 1930, with a population of 25 million and a
Gross National Product (GNP) of 45% agriculture, there were 6.2 million conventional
windmills and 132 companies manufacturing them. In the 1930s, the Rural Electrification Administration
electrified rural America and the conventional windmill
industry collapsed. Yet today, there are some 200,000 100-year-old
conventional windmills used for watering livestock in the
western USA, with 40,000 still operating in Texas alone.
Over 200 Developing Countries, with more than one billion
population, have no low wind-speed windmills. Each Developing Country has a minimum need for 10,000
Windmills. This represents a potential market of millions of
Windmills. By contrast, RESTEC's worldwide sales projections through
Joint Ventures total 150,000 Windmills over five years ─ (2%
of the 6.2 million windmills in pre-1930 American). A case in point is Mexico, where more than 80,000 villages
with populations below 2,000 have no power source to pump
water. Water is pulled from wells in buckets and carried by women
over long distances. Developing Countries like India, China and others
throughout the world multiply this number a hundred-fold.
Beyond water pumping, RESTEC will enjoy expansion into new
markets as it adds the capability for:
- Water desalination
- Water purification
- Water aeration
- 12-24 DC electrical generation
- Sufficient to power radios, TVs, refrigeration and limited
village lighting
- Later, utility grade electricity will be available.
The RESTEC development is based on a business plan prepared
by Mitre Corporation, a world-renowned scientific “think
tank,” for the U.S. Department of Energy’s (DOE)
“Energy-Related Inventions Program. Mitre’s technical and business professionals worked under
the direction of RESTEC founder Richard Sutz, while he was director of DOE’s prestigious Energy-Related Inventions
Program and DOE’s Small Business Ombudsman.
The RESTEC Mark 10 exceeds the Mitre performance and design
criteria. The Mark 10 earned Richard Sutz the Department of Energy’s approval
to implement the Mitre Plan to develop a high-performance
windmill in the private sector. Development and testing of RESTEC’s
Mark 10 took more than 15 years to accomplish.
Key Points for
The Mark 10:
- Pumps more water at a lower cost, at any depth, in any wind
speed than any other windmill in the world.
- The only windmill capable of cost-effective operation
at wind
speeds of 4 MPM.
- Is rugged, reliable and virtually maintenance-free
- Has the capability to desalinate and purify water
- Can generate electrical energy sufficient to power radios,
TVs,
refrigerators and limited interior and village lighting
- Is manufacturable and serviceable in Developing Country
environments
- Is capable of being sold at a cost affordable by
cash-poor
Developing Countries or provided to Developing Countries by
international aid agencies.
Key Performance Differences Between Conventional Windmills
& The
Mark 10:
- Mark 10 begins cost-effective operation at 4 MPH, and can
pump up to 4,000 feet.
- Conventional windmills require 12-15 MPH to pump to 300
feet.
- In wind speeds below 10 MPH, conventional windmills will
not
work.
- 12 to 15 MPH winds occur 20% of the time over the earth’s
surface.
- 4 MPH winds occur 90% of the time over 90% of the earth’s
surface.
DKSC is currently marketing its RESTEC Mark 10
water-pumping windmills and Mark 10E wind turbines. In
addition, the Company is working with two development teams to
increase the functionality of the windmill product lines and
address new markets:
The first team has developed a system of reverse osmosis using
the windmill as both power source and source for water. The
intent is to tap seawater from coastlines around the world and
purify this seawater into drinkable water off-grid;
The second team is adapting an existing flash distillation
technology for water purification using the RESTEC Mark 10
windmill. Through this technology, the Company believes it can
make fresh water available in abundant quantities for human
and animal consumption and for irrigation.
DKSC is currently marketing RESTEC Mark 10 water-pumping
windmills and Mark 10E wind turbines. The Company expects to
achieve the following milestones in 2008:
- Generation of utility grade electricity - 2nd quarter
2008
- Flash distillation of water - 2nd quarter 2008
- Reverse osmosis - 3rd quarter 2008
Industry Drivers
Around the world and particularly in developing countries,
there is a dire need for safe water to fulfill basic human
self-sufficiency needs. In most cases, the problem is not a
lack of available water but rather the inability to obtain it
cost-effectively. The World Health Organization estimated in
2003 that approximately 1.1 billion people had no access to
safe water. Global population and economic growth,
urbanization and rising standards of living in developing
countries are creating demand for wind energy products that
can pump water inexpensively. According to McIlvaine Company,
world pump revenues are expected to reach $36 billion by 2010,
with power and water applications being the main growth
drivers. Around the world but especially in developing
countries, there is a dire need for clean drinking water. Of
all water on earth, 97.5% is salt water, and the remaining
2.5% is fresh water. Some 70% of the available fresh water
supply is frozen in the polar icecaps while the remaining 30%
is mostly present as soil moisture or located in underground
aquifers. It is estimated that less than 1% of the world’s
fresh water (or about 0.007% of all water on earth) is readily
accessible for direct human use. Global energy consumption
is strongly influenced by economic and population growth in
developing countries. The US Department of Energy predicts
world energy consumption will increase 71% between 2005 and
2030. Concerns about oil and gas shortages, rising fuel prices
and environmental issues relating to greenhouse gas emissions
are creating strong interest in clean energy technologies for
power generation. Benefiting from strong government support
and multi-billion dollar R&D investments, clean energy’s share
of the global energy market is expected to increase
significantly over the next decade.
Wind power, for example, has emerged as one of the least
expensive, most easily deployed energy sources. According to
the Global Wind Energy Council, the cumulative capacity of
wind energy installations will reach 149.5 GW over the next
decade, or more than double current installed capacity.
According to Clean Edge research, wind energy industry
revenues will grow from $11.8 billion in 2005 to $51.1 billion
by 2015. Wind energy offers a clean, efficient alternative
to energy produced from coal, oil or natural gas. Electricity
is produced at low variable costs and wind energy generating
facilities don’t produce carbon dioxide emissions. Despite
these advantages, wind turbines presently provide less than 1%
of the world’s energy.
Recent News and Press Releases
• Restec's Inventor, Richard Sutz, & Nick Laroche
Travel to China for Production of the Restec Mark
10E Wind Turbine
Marketwire (Mon, Feb 11)
• Dakshidin Announces Revenue Forecast for Wuhu
Green Project in China
Marketwire (Tue, Jan 15)
• Dakshidin Corp. Rated 'Speculative Buy,' Target
Price $1.22 by Beacon Equity Research
PR Newswire (Tue, Jan 15)
• Dakshidin to Receive $2 Million Investment From
HKS (Wuhu) Environment Energy Development Ltd.
Marketwire (Wed, Jan 9)
• Dakshidin & JCT Limited Featured in India's
Largest Financial Daily Publication
Marketwire (Thu, Jan 3)
• Dakshidin Signs MOU With Indian Conglomerate, JCT
Limited, Enters Multi-Billion Dollar Indian Market
Marketwire (Fri, Dec 21)
• Dakshidin & Partners Deposit $500,000 USD Towards
Financing Arrangements
Marketwire (Thu, Dec 20)
• Dakshidin Grants Exclusive Rights to Cervantes
Windmill Corporation in Caribbean
Marketwire (Mon, Dec 17)
• Dakshidin's Joint Venture Partner Settles
Financing Arrangements
Marketwire (Fri, Dec 14)
• Dakshidin and Joint Venture Partners Hire
Architectural Firm to Move Forward With Green
Project
Marketwire (Thu, Dec 13)
Management
Nick Laroche - President & CEO
Nick Laroche has over thirty years of Senior Management
experience specializing in mergers and acquisitions of private
and public companies. Mr. Laroche was the Co founder and
President of the Worlds largest independent hotel airline
reservation system, Hars Systems Inc. and sold out in 1994.
Mr. Laroche has worked with the energy sector for several
years in the development of related technologies. During that
time he held the position of Senior Vice President of a major
oil and gas well servicing business as well as the position of
Director and Officer of East Coast Energy, an offshore oil
exploration company.
Mr. Laroche currently holds the position of Director in
several companies, as well as the position of President with a
working interest in the China energy sector.
Richard Sutz - Chairman
Richard K. Sutz, Chairman of RESTEC International Inc., brings
more than 30 years of experience in the research, development
and manufacture of renewable energy technologies. He is an
internationally acknowledged expert in the development of low
wind speed machines for water pumping, water purification and
electrical generation.
The Mark 10 High Performance Water Pumping windmill, founded
and developed by Mr. Sutz, is the result of more than $5
million of R&D. Mr. Sutz’s background and experience span
executive roles in both the private and public sector. He
began his business career as Director for Europe and the
Middle East for Grumman Aircraft where he was responsible for
marketing military and civilian aircraft. He later moved to
Scottsdale, Arizona and began his entrepreneurial career
focused in the field of energy-related technologies and
educational software designed to teach enhanced reading
skills.
In the late 1970’s he was appointed the Deputy Director of the
Arizona Energy Office, with joint responsibility for Arizona
Energy Conservation Programs. He later joined the U.S.
Department of Energy as Director of the Energy Related
Inventions; with the responsibility to evaluate and fund
promising energy related technologies. During this period, he
directed the US Department of Energy research that identified
the need, in developing countries, for water pumping windmill
technology that could operate, cost effectively, in low wind
speeds and could pump water from great depths and generate
electricity in remote located areas far from any utility grid.
Mr. Sutz left the government to lead a private sector team
that developed the Mark 10 High Performance Windmill. The Mark
10 is currently in production in China. Plans are underway for
Mark 10 production in pother countries as part of a world-wide
commercialization plan.
Earlier in his career, he served as a Project Officer with the
U.S. Navy Bureau of Aeronautics. He invented the key component
of fighter pilot’s oxygen breathing systems that prevented
fatal accidents caused by hypoxia (lack of oxygen at high
altitudes). His other major development was to install the
first rocket-powered ejection seat for US Navy fighter
aircraft, enabling pilots to eject from the runway on landing
or takeoff. For his efforts, as a young US Navy officer, he
was awarded a rarely presented Letter of Commendation from the
Chief of Naval Operations.
Mr. Sutz has a Bachelor of Science Degree in Metallurgical
Engineering, with a minor in Mechanical Engineering from the
Illinois Institute of Technology, and a graduate degree in
International Business and Finance from IMD, Lausanne,
Switzerland.
Contacts
Executive Office:
181 University Avenue Suite 210
Toronto, Ontario M5H 3M7 CANADA
Email: ir@dakshidin.com
Phone: 1.866.888.1319
Fax: (416)352.5112
Corporate Office:
823 South Sixth Street Suite 100
Las Vegas, Nevada 89101 USA
Phone: (647) 477.8440
FORWARD LOOKING STATEMENTS
This report includes forward-looking
statements that reflect Dakshidin
Corp. current
expectations about its future results, performance,
prospects and opportunities.
Dakshidin Corp. has
tried to identify these forward-looking statements by using
words and phrases such as "may," "will," "expects,"
"anticipates," "believes," "intends," "estimates," "plan,"
"should," "typical," "preliminary," "we are confident" or
similar expressions. These forward-looking statements are
based on information currently available and are subject to
a number of risks, uncertainties and other factors that
could cause Dakshidin Corp.'s actual results,
performance, prospects or opportunities to differ materially
from those expressed in, or implied by, these
forward-looking statements. These risks, uncertainties and
other factors include, without limitation, the Company's
growth expectations and ongoing funding requirements, and
specifically, the Company's growth prospects with scalable
customers, and those outlined above. Other risks include the
Company's limited operating history, the Company's history
of operating losses, consumers' acceptance, the Company's
use of licensed technologies, risk of increased competition,
the potential need for additional financing, the terms and
conditions of any financing that is consummated, the limited
trading market for the Company's securities, the possible
volatility of the Company's stock price, the concentration
of ownership, and the potential fluctuation in the Company's
operating results.
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