W2 Energy Leases Laboratory Space for the Development and Manufacturing of Its FT Catalyst and Liquid Fuel Reactor
Laboratory And Development Team To Be Headed up By Dr. Eliasu Teiseh, PhD
GUELPH, Ontario, Aug. 3, 2012 /PRNewswire/ -- W2 Energy, Inc. (OTC: WTWO) is pleased to announce they have taken possession of laboratory space near Texas A&M University for the development and manufacturing of its FT Catalyst and Liquid Fuel Reactor.
The new laboratory will produce and provide 3rd party testing for both of W2 Energy's FT 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 Energy will use both coal and biomass as feedstock.
Plans calls for Dr. Eliasu Teiseh to run their new Texas laboratory. His experience in both engineering and renewable energy will provide the expertise W2 is looking for with this type of facility. W2 Energy has already taken possession of the space and Dr. Teiseh, who has been under W2 Energy's employment for the last 3 months, is spearheading the development of the laboratory which has already begun construction of a pilot gas to liquids reactor in order to develop and fine tune our FT catalyst technology.
Previously, on April 04, 2012, the Company announced its plans to develop a state of the art laboratory in Cantonsville, MD. However, due to changes in W2 Energy's corporate infrastructure and the vision of the Company, geographical changes were found to be necessary in order to expedite the facilitation of the laboratory.
The new facility's location is located 3 miles from Texas A&M and is considered an optimum location for the laboratory since Dr. Teiseh did all his thesis work on FT catalyst development and advanced gas to liquid catalyst, while obtaining his PhD in Engineering from the University.
In other related news, W2 Energy has opted to close its Maryland office and has parted ways with David Freund, W2 Energy's VP of Business Development.
Mike McLaren, President and CEO of W2 Energy, stated, "As W2 Energy prepares to enter into the manufacturing stage of development, several changes have been necessary in order for us to ensure the vision and success of our operations. Because of this, we have decided to part ways with David Freund our previous VP of Development. We are grateful for all his previous efforts and wish him the very best with his future endeavors." He also stated, "We are extremely pleased with the work Dr. Teiseh has already preformed for us and look forward to his future success with the development and manufacturing of our 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.
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