WindStream Technologies, Inc. announced that it has closed a Joint Venture agreement with West Coast Ventures (India) Pvt. Ltd., (WCV) based in Chennai, India and a group of strategic investors. The new entity, DEEPAN Energy Venture LLP, has committed $2 million dollars for an equity stake in the JV, which will establish a manufacturing and distribution presence in India and South Asia.

The new JV company, WindStream Energy Technologies, India, Pvt. Ltd., is slated to begin manufacturing WSTI's SolarMill(R) products the first quarter of 2014 in India and rapidly accelerate the company's penetration into that market. West Coast Ventures and DEEPAN are strategic investors with interests in mining, energy, real estate, infrastructure and the environment.

WCV/DEEPAN's principals have extensive experience in government, municipal and private sectors. The new Company has begun setting up its 50,000 sq. ft.

manufacturing facilities in Hyderabad and expects to see its first products become available late in First Quarter 2015. Mr. Venkat Kumar Tangirala, President of WindStream Technologies, South Asia will lead the new company heading up operations and business development. In addition to India, the new joint venture is geographically situated to provide products to Pakistan, Bangladesh, Indonesia, Malaysia and Southeast Asia, markets representing hundreds of millions more whose needs and means are well suited to the products the joint venture will produce.