GUELPH, Ontario, Feb. 6, 2012 /PRNewswire/ -- W2 Energy, Inc. (OTC:WTWO) is pleased to announce that it is has sold a WaterHelix hydrokinetic power system to Maine BioEnergy in Naples, Maine.
The President of Maine BioEnergy is longtime Maine businessman Robert Fogg, the President of Q-Team Tree Service (www.q-team.com), one of the largest and most established tree removal companies in Maine.
Maine BioEnergy will be installing and testing the WaterHelix on one of the streams on the Q-Team Tree Service property.
"I called W2 Energy wanting to establish a renewable energy company in Maine," says Robert Fogg, the President of Maine BioEnergy. "Our first project is using the WaterHelix to convert hydropower into electricity. Maine BioEnergy's second project will be using the NT Plasmatron to convert our wood waste into electricity."
W2 Energy has begun building the WaterHelix system for Maine BioEnergy, which will mate the WaterHelix head with the SEGS power offtake system.
"This is a great project for W2 Energy," says Mike McLaren, President and CEO of W2 Energy. "This will demonstrate the viability of run-of-river hydrokinetic projects using the WaterHelix system."
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.