Clean Wind Energy Tower, Inc. Economizes Basic Downdraft Tower
ANNAPOLIS, Md., Sept. 27, 2012 /PRNewswire/ -- Clean Wind Energy Tower, Inc. (OTCBB: CWET, the "Company") announced that on July 31st, 2012, the Company communicated to its shareholders in a letter that "Perhaps the most exciting development comes from very recently completed weather data models" …that "Now confirms that we can lower the first tower height from 3,000 feet down to 2,250 feet." This development was made possible by utilizing our recently announced software which can calculate and predict energy production by our Downdraft Towers given local weather data. By feeding the weather data for southwestern Arizona / northern Mexico into the program, the Tower's height and diameter can be adjusted along with the amount of water added as fuel to create a desired amount of energy. The outcome dictates the optimum size of the Towers height and width.
Clean Wind Energy's business plan is to enable the global development of Towers by partnering, consulting, and licensing with substantial potential developers worldwide. Kroll Cranes can be manufactured to meet demand. Steel can be supplied worldwide to meet demand, and upon completion of the turbine designs, the generators and other standard parts can be supplied around the world. Clean Wind Energy can now evaluate potential Tower sites and advise and predict the amount of electricity that can be produced in that region. Multiple Towers can be deployed in "Compounds" using the same cranes, water source, delivery, manufacturing and construction systems and labor forces.
The Company has been diligently pursuing its first Tower site here in the USA. We would prefer the first Tower to be built with American made Steel, American workers and American components. The Company is continuing to pursue this goal but is evaluating alternatives in light of the well-known difficulties of permitting new "green" facilities in our country. For example, even though our Tower project would not need Investment Tax Credits, "ITC's", to be financially successful, the current political controversy of extending the ITC's only reinforces the fear that the support for "Green" alternative energy in the USA is not nearly as solid as other developed nations.
Ronald W. Pickett, Chairman and CEO, commented, "We will continue to pursue our first site on US government land. However, we are receiving an increasing number of inquiries from outside the US. The availability of our analytical software has now opened the international door. Initially it took the Company over one year to process the original weather data in order to determine the 'ideal' Tower configuration for southwestern Arizona, and recently the Company evaluated a site in Sicily in less than three days."
About Clean Wind Energy, Inc.
Clean Wind Energy, Inc. a wholly owned subsidiary of Clean Wind Energy Tower, Inc., has designed and is preparing to develop, and construct large "Downdraft Towers" that use benevolent, non-toxic natural elements to generate electricity and clean water economically by integrating and synthesizing numerous proven as well as emerging technologies.
Our Company's core objective and focus is to become a leading provider of clean efficient green energy to the world communities at a reasonable cost without the destructive residuals of fossil fuel, while continuing to generate innovative technological solutions for today and tomorrow's electrical power needs.
In addition to constructing Downdraft Towers in the United States and abroad, the Company intends to establish partnerships at home and abroad to propagate these systems and meet increasing global demand for clean water and electricity. Clean Wind has assembled a team of experienced business professionals, engineering and scientific consultants with access to the breakthrough energy research upon which this technology is founded and the proven ability to bring the idea to market. Clean Wind Energy, Inc. has been awarded their core patent and has additional patents pending that the Company believes will further enhance this potentially revolutionary technology. Clean Wind Energy, Inc. is based in Annapolis MD, and is traded on the OTCBB under the symbol 'CWET'. For more information, please visit www.cleanwindenergytower.com.
Clean Wind Energy, Inc.
1997 Annapolis Exchange Parkway
Annapolis, Maryland 21401
Investor Relations Contact:
Phone: (855) 848-6937
Cautionary Note Regarding Forward-Looking Statements
Statements included in this release may constitute "forward-looking statements". Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand and the Company's ability to obtain new contracts and accurately estimate net revenues due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential factors that could affect the Company's financial results, can be found in the Company's various filings with the Securities and Exchange Commission (SEC).
SOURCE Clean Wind Energy Tower, Inc.