WindPower Innovations, Inc. (OTCPK:WPNV) signed a letter of intent to acquire Gearstar Performance Transmissions in a share exchange on August 6, 2013. Gearstar Performance reported revenues of $1.2 million.

WindPower Innovations, Inc. (OTCPK:WPNV) cancelled the acquisition of Gearstar Performance Transmissions on January 14, 2014. GearStar had received an unsolicited offer from a major parts supplier and WindPower Innovations' Board elected not to enter in to a bidding war for GearStar having determined that it is not in the best interest of shareholder value to pay a higher price than originally offered.