5/1/14 4:49 PM ET (Market Wire)
Solar Wind Energy Tower, Inc. (OTCQB: SWET) (the "Company"), the
inventor of large Solar Wind Downdraft Tower structures capable of
producing abundant, inexpensive electricity, today announced the
First Solar Wind Downdraft Tower Project Briefing to be conducted on
Thursday, May 8th, 2014 at 4:15 PM, Eastern Time. The call will be
open to the public and hosted by the Company's CEO Ronald Pickett,
who will provide an update on the Company's progress and facilitate a
Q&A session.
Ronald Pickett, CEO, Solar Wind Energy Tower, Inc. commented: "Since
the announcement of our first Solar Wind Downdraft Tower in the City
of San Luis, Arizona we have had numerous inquiries regarding the
details about the Development Agreement and the timing of
construction. I believe that this Project briefing will be an
effective way to communicate this news to our stakeholders and I look
forward to the Q&A segment of the call."
First Tower Project
The Company has made a final site selection
within the City of San Luis, Arizona for the development of its first
project in the United States. On Wednesday, April 23, 2014, the City
Council of San Luis, Arizona unanimously approved a "Development and
Protected Development Rights Agreement" which guarantees the
necessary local entitlements for development of the first Solar Wind
Downdraft Tower in the City of San Luis, AZ. on the site under
contract. Having this agreement in place accelerates development
enabling the project to produce electricity as early as 2018. More to
come on the call
Conference Call Dial-In Instructions:
To participate in this event,
dial (877) 709-8150 domestically, or (201)689-8354 internationally
approximately five to ten minutes before the call.
Replay the Call Online
Additionally, the Conference Call recording
will be available for replay at www.solarwindenergytower.com
beginning on Friday, May 9th, 2014, the day after the Conference
Call.
About Solar Wind Energy Tower, Inc.
Solar Wind Energy Tower, Inc.,
and its wholly owned commercializing subsidiary, Solar Wind Energy,
Inc., is the inventor of the patented Solar Wind Downdraft Tower
which uses state of the art technologies and construction systems to
produce abundant, inexpensive electricity, 24 hours a day, 7 days a
week. The Company secured the site for its first tower project in the
U.S. in the City of San Luis, Arizona and may have its first Tower
ready for operation there as soon as 2018. Aside from the development
of this Tower, the Company is focused on licensing its development
know-how and establishing partnerships at home and abroad to
propagate Tower projects and in turn, receive licensing fees for
territories, development fees during construction, and recurring
royalty fees based on the actual kilowatt hours produced by the
Tower. Solar Wind Energy has assembled a team of experienced business
professionals, engineering and scientific consultants with the proven
ability to bring this solution to market. The Company's core
objective and focus is to become a leading enabler of clean,
efficient renewable energy to the world communities, at a reasonable
cost, without the destructive residuals of fossil fuels, while
continuing to generate innovative technological solutions to meet
tomorrow's electrical power needs. Solar Wind Energy has filed and
been issued patents that the Company believes will further enhance
this potentially revolutionary technology. Solar Wind Energy, Inc.,
based in Annapolis, MD, is traded on the OTCQB under the symbol
'SWET'. For more information visit www.solarwindenergytower.com,
www.facebook.com/pages/Solar-Wind-Energy-Tower/ and
www.twitter/SWETower.com.
Innovative Renewable Hybrid Solar / Wind Energy Technology
The
simplicity of the Company's hybrid solar/wind technology solution is
found in its ability to harness the natural power of a downdraft
created within the confines of its Tower structure, a hollow cylinder
reaching skyward into the hot, dry atmosphere heated by the solar
rays of the sun. The water introduced by the injection system near
the top of the Tower evaporates and is absorbed by the hot, dry air.
The air becomes cooler, denser and heavier than the outside warmer
air and falls through the cylinder at speeds up to and in excess of
50 mph. The air is then diverted into wind tunnels surrounding the
base of the Tower where turbines inside the tunnels power generators
to produce electricity.
The Company has successfully managed to economize the Tower, reducing
capital costs and improving projected financial performance. This
development was made possible by utilizing the Company's Energy
Generation Calculator software, which can calculate and predict
energy production of a Tower given a site's local weather data. By
feeding the weather data 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 Tower's height and width. Under the most recent
design specifications, the first Tower in San Luis, Arizona has a
design capacity on an hourly basis of up to 1,250 megawatt hours,
gross. Due to lower capacities during winter days, the average hourly
output per day for sale to the grid for the entire year is
approximately 435 megawatt hours/hr.
Cautionary Note Regarding Forward-Looking Statements
Statements
included in this release may constitute "forward-looking statements".
Actual results may differ materially from those projected in
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 revenues, if any, 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).
 | Contact: Solar Wind Energy, Inc. 1997 Annapolis Exchange Parkway Suite 300 Annapolis, Maryland 21401 Phone: 410-972-4713 E-mail: Info@swetower.com | |
SOURCE: Solar Wind Energy Tower, Inc.
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