WPCS International (News - Alert) Incorporated today said that it has completed the acquisition of assets of Lincoln Wind of Bettendorf, Iowa for approximately $400,000 in cash.

 

The transaction closed on June 27, 2008. Lincoln Wind is expected to be assimilated directly into Max Engineering, a wholly owned subsidiary of WPCS.

 

An engineering company, founded in 2006, Lincoln Wind is focused on the implementation of meteorological towers that measure the wind capacity of geographic areas prior to the construction of a wind farm.

 

According to Lincoln Wind, the tower, powered by solar energy, has an anemometer connected to a data collection device that transmits through wireless to a central monitoring station that measures wind performance.

 

Matthew Cumberworth, managing director at Lincoln Wind, noted that the wind energy market is experiencing significant growth of late, and believes that the opportunities are substantial.

 

He pointed out that in order for his company to take advantage of this high growth sector, the company wanted to team up with a “world class design-build engineering firm” that can provide the support and financial resources to capitalize on the abundant opportunities in the wind energy sector.

 

“WPCS is that company,” he said. “We are very pleased to be part of WPCS and look forward to the expansion of our project capacity.”

 

Andrew Hidalgo, CEO at WPCS International Incorporated, commented that WPCS is currently developing opportunities in the wind energy sector and the addition of Lincoln Wind and its staff of highly trained technicians will allow WPCS to expand its pursuit of the many projects under consideration.

 

He expects Lincoln Wind to play a significant role in the continuing development of the alternative energy infrastructure initiative.

 

He also said that WPCS has been committed to establishing leadership positions in various specialty communication systems sectors and alternative energy is a specific focus as the design-build engineering needs, which include wireless connectivity, are in high demand.

 

WPCS is a design-build engineering company that focuses on the implementation requirements of wireless technology. The company serves the specialty communication systems and wireless infrastructure sectors and provides services that include site design, technology integration, electrical contracting, construction and project management for corporations, government entities and educational institutions.