Annapolis, MD / ACCESSWIRE / April 22, 2014 / 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 is pleased to announce that the Company is scheduled to present at the Growth Capital Expo, the premier event in emerging growth company finance, being held at Caesar’s Palace in Las Vegas, Nevada on April 29th, 30th and May 1st.
The Growth Capital Expo brings together the best ideas, the most promising companies and the top deal makers in emerging growth finance for three days of education and networking. Attendees join 300 of the top growth company executives, investors and finance specialists focused on the pre-IPO and public micro-cap market for an unparalleled experience in education, networking and deal making.
Presentations are made by 100 selected pre-IPO and micro-cap growth company management teams showcasing the best opportunities of the year for emerging growth investment. The Expo offers unique opportunities to meet with management directly to build relationships and source new deals. The Company will be presenting its business model and investment opportunities to all attendees of the Expo on Wednesday, April 30th at 3:55 PM.
Ron Pickett, CEO of Solar Wind Energy Tower, Inc. stated: “We are pleased to be presenting at the Growth Capital Expo, which is an excellent forum and platform for us to communicate our current operations, development plans, and of utmost important, the execution of our business model to a large audience of emerging growth investors. We are very enthusiastic about our recent development progress in Arizona, USA, in the regions of Chile, India and Mexico all of which provide prime environments for the Tower, all of which are locations where the desire and need for power is extremely high. Our efforts have continued across the board to define a new paradigm for alternative energy, one that is self-sustaining. It is our intention to share this paradigm with as many potential investors and development partners as possible at the Expo and at other upcoming industry events.”
The company will also be conducting one-on-one meetings during the expo. If you are attending the Expo and would like to schedule a meeting with Solar Wind Energy Tower, please contact CEO Ron Pickett at the Hotel using the MeetMax 1x1 meeting scheduling system installed for the use of the attendees.
About Solar Wind Energy, Inc.
Solar Wind Energy, Inc. (“Solar Wind Energy”), a wholly owned subsidiary of Solar Wind Energy Tower, Inc., was established to utilize proven and validated scientific principles, combining them with state of the art construction systems to enable the development and y’s core objective and focus is to become a leading enabler of clean, efficient green energy to the world communities, at a re-commercialization of large Solar Wind Downdraft Tower structures that produce abundant, inexpensive electricity. Our Companionable cost, without the destructive residuals of fossil fuels, while continuing to generate innovative technological solutions for tomorrow’s electrical power needs. The Company intends to establish partnerships at home and abroad to propagate Tower Projects and meet the increasing global demand for electricity. The Company does not intend to own the projects. The business plan includes receiving license 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. 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 http://www.solarwindenergytower.com/
Innovative Renewable Hybrid Solar / Wind Energy Technology
We view ourselves as a hybrid solar/wind technology, reflected in the name, Solar Wind Energy Tower, Inc. The simplicity of our solution is comprised of harnessing the natural power of a downdraft created within the confines of our Solar Wind Downdraft 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 and is diverted into wind tunnels surrounding the base of the Tower where turbines inside the tunnels power generators to produce electricity.
Abundant, Clean, Affordable Electricity Production
The Company has successfully managed to economize the Tower, reducing capital costs and improving projected financial performance. This development was made possible by utilizing our recently announced software which can calculate and predict energy production by our Solar Wind Downdraft Towers given 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 San Luis Tower 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.
Contact:
Solar Wind Energy, Inc.
1997 Annapolis Exchange Parkway
Suite 300, Annapolis, Maryland 21401
Phone: 410-972-4713
E-mail: [email protected]
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).
Source: Solar Wind Energy Tower, Inc.