An investors meeting Thursday at the Western Kentucky University’s Innovation and Commercialization Center revealed the plans of a company specializing in cultivating wind energy.

Dynastrosi Laboratories Inc. will split into two companies with the creation of Wind Energy Corp. Dynastrosi will handle the research, development and manufacturing of wind turbines, while Wind Energy will handle the marketing and sales of the turbines, according to director of communications Sarah Bolton.

As a result, Dynastrosi chief executive officer Jim Fugitte will become CEO of Wind Energy effective April 1. Dynastrosi’s current chief operating officer, Ron Jones, will become CEO of that company.

Fugitte had been CEO of Dynastrosi since December, but said since the market for wind energy is so broad, management couldn’t support operations for both strategies under the same company.

The shift in leadership follows last year’s fallout between Dynastrosi and its former partner, Oregon-based Harvest Wind Energy Corp., after Harvest Wind failed to obtain the federal loan needed to jumpstart Dynastrosi’s plans to build a manufacturing plant in Morgantown.

Harvest Wind Energy Corp. subsequently went out of business, according to Fugitte.

Dynastrosi moved its operations from Tulsa, Okla., last year into WKU’s ICC, giving up on using public funds to start the company’s manufacturing plans and choosing to fund the company through private investment.

Fugitte said Dynastrosi still plans to be in Morgantown by the third quarter of this year, but has yet to meet with Morgantown officials to get that process rolling.

Potential investors pointed out the company has plenty of work left to do, calling Wind Energy’s financials &#8220unattractive” because of the $2 million to $4 million upfront costs that would have the company take a loss for the year and then go back to investors less than two years later for more capital.

Vince Berta, who attended Thursday’s meeting, said Wind Energy had a great concept, but understood the company is still working out the kinks.

&#8220There’s going to be a lot of companies that struggle, try and fail,” Berta said.

But Berta said there is a need for startups in the area that can push new technologies and innovation.

&#8220It’s exciting to see this type of stuff happening in Bowling Green,” Berta said.

Fugitte agreed with investors that the financials still have to be worked on, but that Wind Energy is focusing on its product development.

&#8220We’ll have to double the size of the management, and double the budget. We have a lot of work to do,” Fugitte said.

Fugitte said the company plans to purchase equipment to build wind turbines by the summer from its current supplier, Stratasys, and hopes to move the equipment into the potential production site in Morgantown not long after that.

Fugitte called wind energy the only type of alternative energy that is reaching economic production feasibility, as opposed to the use of methane gas, ethanol and solar energy.

Fugitte said to investors that in three years, Wind Energy hopes to bring to market the first economically viable alternative energy system in the world.

Wind Energy has already made quotes for its wind turbine systems to Vandenberg Air Force Base in California and is in talks with City College of New York for the installation of the company’s wind sails on the college’s new research building, Fugitte said.