W2 Energy Initiates Plans for State of the Art Laboratory Facility in Catonsville, Md. Laboratory To Showcase W2 Energy Technologies To Political Leaders In Washington, DC
GUELPH, Ontario, April 4, 2012 /PRNewswire/ --W2 Energy, Inc. (OTC: WTWO) announces plans to initiate the immediate opening of their new state of the art Fischer-Tropsch laboratory in Catonsville, MD.
Catonsville, MD is 20 minutes from W2 Energy's Columbia, MD office and is home to the University of Maryland at Baltimore County, whose campus is well known for their strong engineering program as well as programs featuring renewable energy.
The new laboratory will produce and provide 3rd party testing for both of W2 Energy's Fischer-Tropsch catalysts. Initially, the lab will use natural gas as the primary feedstock, converting it into ultra low sulfur diesel, gasoline and JP8 jet fuel. After the natural gas system is working and tested, W2 will use both coal and biomass as feedstock. The lab's location in Catonsville is strategically located to allow political leaders to travel from Washington, DC in order to see W2's technology create a cost-effective alternative to liquid fuels generated from petroleum.
Plans calls for Dr. Eliasu Teiseh who received his PhD in Engineering from Texas A&M University to run their new Fischer-Tropsch laboratory. His experience in both engineering and renewable energy will provide the expertise W2 is looking for with this type of facility. The facility is currently scheduled to be fully functional and operating by June 01, 2012.
Mike McLaren, President and CEO of W2 Energy, stated, "Our new Fischer-Tropsch laboratory will allow us the ability to showcase our latest technologies a stone's throw from the U.S. Capitol." He also stated, "When politicians, entrepreneurs and joint venture partners see natural gas entering our gas-to-liquid system and usable liquid fuel being produced, we are confident they will become believers and supporters in our technology. We are very excited at the prospects this new laboratory brings to our patent pending technology."
About W2 Energy:
W2 Energy Inc. develops renewable energy technologies and applies it to new generation power systems. Specifically, W2 Energy's plasma assisted biomass to energy plants utilize state of the art technologies to produce green energy both fuel (sulfur free diesel) and electricity at the most efficient cost in capital investment and production per/barrel, per/Megawatt. W2 Energy Inc. has seasoned management, cutting edge technology and owns a large technology portfolio of patents and know-how that has been extensively validated and ready for commercial production.
For more information on W2 Energy please see: www.w2energy.com
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of W2 Energy, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond W2 Energy, Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in W2 Energy, Inc.'s filings with the Securities and Exchange Commission.
For further information please contact:
W2 Energy Public Relations and Shareholder Information
Mr. Joseph Vazquez
Phone: (754) 204-4549
SOURCE W2 Energy, Inc.