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Monday, May 02, 2011

Wind and Energy Stocks; Interview With The President, CEO And Chairman: Clean Wind Energy Tower, Inc. (OTCBB: CWET) - Ronald W. Pickett

67 WALL STREET, New York - May 2, 2011 (InvestorIdeas.com Newswire) - The Wall Street Transcript has just published its Building Materials, Construction & Housing Report offering a timely review of the sector to serious investors and industry executives. This Special feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Infrastructure Build in Emerging Markets - New versus Resale Homes - Strong End Markets for Building Products
Companies include: MYR Group (MYRG); Willbros Group (WG); AECOM (ACM); AT&T (T); Alstom (ALO.PA); Anixter (AXE); and many more.
In the following brief excerpt from the Building And Construction Report, expert analysts discuss the outlook for the sector and for investors.
Ronald W. Pickett is the President, CEO and Chairman of Clean Wind Energy Tower, Inc. He brings more than 40 years of construction, development and innovative technology skills and expertise to the team. Mr. Pickett has founded numerous companies from startup, and he nurtured three from inception through the public ownership process. All three public companies involved new, innovative, first-to-market global technology solutions. Mr. Pickett also has a keen understanding of government, legislative and permitting practices.
TWST: Please start by giving us a history of Clean Wind Energy.
Mr. Pickett: About a year and a half ago, a group of engineers got together and began evaluating and updating a study that was done over 20 years ago at the Technion in Israel. The idea was based on building a downdraft tower which would create wind to make electricity. The study identified places in the world where this downdraft tower would work, but it was virtually impossible to build the tower because the construction techniques necessary to actually construct the towers didn't exist. So this group of structural and construction engineers who were looking at the feasibility of actually building the tower contacted me a little over a year ago. I investigated the towers with my structural people and engineers, and we determined that the tower could be built. By the way, nobody had ever even questioned the science of creating a downdraft tower. The main issue became how to actually find the technique to build it.
TWST: Please tell us more about the downdraft tower. Would you please expand on what exactly the tower does and why it is so beneficial?
Mr. Pickett: The tower is very large and reaches up into the sky. It has to be properly located in a hot, dry, arid area to work efficiently. When we explain the tower, we emphasize both hot and dry. For example, the state of Florida, which is hot but has a lot of humidity, would not be an adequate hosting place for it. But the Southwestern United States - like Arizona and California - Northern Mexico, as well as the Middle East, North Africa, parts of Australia, parts of South America, are excellent hosts for the tower. So again, the optimal places of the world for the tower fit the criteria of both hot and dry. The tower reaches up into the sky and accesses that hot, dry air as it drifts down towards the ground. Across the top of the tower a mist of water is sprayed. The hot, dry air must absorb the water. It cannot refuse the water because it is so dry. As soon as it absorbs the water, it becomes heavy and it sinks, creating the downdraft. Our fuel is hot, dry air and water. The downdraft occurs, forcing that now heavier, wetter air to the bottom of the tower where it is channeled into wind tunnels. In the tunnels, turbines spin and power generators make electricity.
TWST: Why do you refer to your solution as dual renewable energy?
Mr. Pickett: The size of the tower creates a tremendous sail area, and prevailing winds are pressing against the tower all day long and all night. Sometimes those winds are 10 miles an hour, and sometimes they may be 50 miles an hour. In order to stabilize the tower, we designed large fins that structurally flow all the way to the ground. Those fins capture the prevailing wind and channel it down the side of the tower into separate wind tunnels, which drive turbines and make electricity as well. The fins take wind pressure load off the tower, so they make the tower much more structurally sound, and at the same time capture the renewable energy. That means we're making dual renewable energy from the exterior wind, as well as the downdraft wind created inside the tower.
TWST: You talked a little bit about the technology and about the original study that produced the tower. Was that study part of an attempt to find new energy solutions, or did it come about for some other reason?
Mr. Pickett: Like now, 20 years ago people were looking at new energy solutions and ways to try to avoid or lessen their dependence on foreign oil. Developed countries certainly are very interested in curbing oil dependency if they don't have sufficient oil. Even oil-producing economies should be interested in conserving reserves, thus their quest to find a way to produce alternative power. The solution is evident today, and it works. The tower solution we have is greatly based on the technique to build it. There is really no new technology. About 10 years ago a technique was developed to build large structures using self-erecting cranes.
That technique is now perfected and is being successfully deployed to build very tall buildings in the Middle East and other places right now. In December of last year, a 3,000-foot skyscraper opened up in Dubai, the Burj tower, and the technique to build these large, tall structures are cranes that actually ride up with the building during construction. The cranes are not attached to the ground. Elevators lift the materials up to the crane, so the cranes can pick materials off the elevator and put it in place. After construction, helicopters take the cranes down. So the crane can actually build the tower section by section, lifting itself up as it goes crawling onto the section just built. Without this crane technique the tower was not buildable until today.
The Wall Street Transcript is a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs and research analysts. This Special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online .
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About Clean Wind Energy, Inc. (OTCBB: CWET)
Clean Wind Energy, Inc., a wholly owned subsidiary of Clean Wind Energy Tower, Inc, is designing and preparing to develop, and construct large "Downdraft Towers" that use benevolent, non-toxic natural elements to generate electricity and clean water economically by integrating and synthesizing numerous proven as well as emerging technologies. In addition to constructing Downdraft Towers in the United States and abroad, the Company intends to establish partnerships at home and abroad to propagate these systems and meet increasing global demand for clean water and electricity. Clean Wind has assembled a team of experienced business professionals, engineers and scientists with access to the breakthrough energy research upon which this technology is founded and the proven ability to bring the idea to market. Clean Wind has filed several patents that the Company believes will further enhance this potentially revolutionary technology.
Statements included in this release may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. 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 net revenues 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
Clean Wind Energy, Inc.
1997 Annapolis Exchange Parkway Suite 300
Annapolis, Maryland 21401
Phone: 410-972-4713
E-mail: Info@cwetower.com
www.cleanwindenergytower.com
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