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SheerWind has signed a licensing agreement with Reikon Beheer, a Dutch investment company that will allow SheerWind's Invelox wind-power generating systems to be marketed and deployed in the Netherlands.

The agreement is SheerWind's second in Europe and fifth globally allowing its technology to further expand worldwide. Reikon Beheer is introducing SheerWind's technology under the name NedPower SWH to customers in the Netherlands and expects its first pilot project to be under construction in the first quarter of 2016.

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