June 16, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Helix Wind Corp. (OTCBB: HLXW), a renewable energy firm, said that it is in negotiations with German wind turbine maker Venco Power GmbH to license Venco’s Vertical Axis Wind Turbines.

According to Helix, the benefits of the deal include giving Helix is the ability to offer a low wind speed vertical technology to address this market space. The agreement would provide Helix Wind access to Venco’s product line to manufacture and sell by Helix through its distribution channel.

Currently, Helix Wind expects the agreement to allow Helix to distribute Venco products in the Americas, Africa, Middle East, and South East Asia. Other countries are expected to be negotiated on an as needed basis, according to Helix.  

California-based Helix Wind is engaged in the design, manufacturing and sales of small wind vertical axis turbines designed to generate electricity.

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