GUELPH, Ontario, Nov. 7, 2011 /PRNewswire/ -- W2 Energy, Inc., (OTC: WTWO) a developer of green energy, is pleased to announce it has completed construction of the WaterHelix (www.waterhelix.com) hydrokinetic power head.
On November 1, 2010, W2 Energy purchased pending patents 12/508,990 and 12/696,631, representing designs for a new hydrokinetic power system.
This purchase agreement required W2 Energy to build a working version of what it calls the WaterHelix by November 1, 2011, which it has done. The resulting animation, pictures and video are displayed at the WaterHelix website.
The WaterHelix will form the power head of the W2 Energy Small Energy Generating System (SEGS).
The WaterHelix can be deployed anywhere there is moving water - rivers, streams, ocean coastlines and even in water outlets at industrial locations such as power plants.
"We think the WaterHelix represents the next generation of hydropower," says Mike McLaren, President and CEO of W2 Energy. "It's invisible to those on land and the fish can swim around it. We expect to sell and build small and large WaterHelix systems around the world."
W2 Energy trades in the United States on the OTC market under the symbol "WTWO." For further information, please contact Mike McLaren at (519) 341 4776 or go to www.w2energy.com
Note: Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause results to differ materially. Such risks, uncertainties and other factors include but are not limited to new economic conditions, risk in product development, market acceptance of new products and continuing product demand, level of competition and other factors described in reports and filings with regulatory bodies
W2 Energy, Inc.
SOURCE W2 Energy, Inc.