Company to Introduce Eco Friendly High Performance Materials to Wind Power Industry

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http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=MW&date=20100526&id=11545391

Far East Wind Power Signs LOI With Málama Composites to Introduce Eco Friendly High Performance Materials to Wind Power Industry
May 26, 2010 10:09 AM ET

Far East Wind Power Corp. (OTCBB: FEWP) ("Far East Wind" or the "Company") is pleased to announce it has entered into a Letter of Intent ("LOI") with Málama Composites ("Málama") of San Diego, California to develop a collaborative agreement towards the production of new environmentally friendly technologies specific to the wind turbine manufacturing sector.

Málama Composites Corporation manufactures proprietary rigid polyurethane foams made from plant-based resins. By utilizing polyols derived from soy, castor, jatropha or even algae, they produce fundamentally new core materials that are strong, light-weight, cost competitive, and far more environmentally sustainable than petroleum-based alternatives.

David Saltman, CEO of Málama, comments, "We are excited to be working with Far East Wind to develop the next generation of wind turbine blades. The utilization of bio-based rigid polyurethane foam cores can reduce the weight of the blades, making them easier to transport and install. Equally important is the fact that our core materials are highly moisture resistant, providing greater longevity and retention of stability and blade balance which can reduce friction and pressure impact on the gear systems. Our product applications are ultimately aimed at increasing the duty cycle of the whole turbine. We anticipate our collaborative efforts will lead to product applications world-wide."

Mr. Marcus Laun, Director of Far East Wind, states, "Given the global environmental context which drives the alternative energy sector in the first place, a significant part of our mission at Far East Wind is to find new solutions to drive costs out of the manufacturing process while at the same time to introduce new green technologies and partnerships that enhance and firmly stake out our role as responsible innovators in the industry. Málama Composites is ideally suited to provide extraordinary potential for growth in new and exciting areas of the manufacturing process."

For more information regarding Málama Composites Corporation please visit: www.malamacomposites.com.

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