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Wednesday, October 05, 2011

New Direction Blowing in the Wind for Clean Wind Energy Tower, Inc. (OTCBB: CWET)

Point Roberts WA - October 5, 2011 (Investorideas.com renewable energy/green newswire) Investorideas.com, a leader in cleantech investor research, releases the following Q&A interview with Ron Pickett, President & CEO of Clean Wind Energy Tower, Inc. (OTCBB: CWET) following recent news from the Company on a change of business direction moving forward.
Q: Investorideas.com
Ron, in your recent press release you stated "the Company is transitioning from a "Research and Development Stage" company to the actual development of our first Dual Renewable Energy Tower project .” For new investors looking at the Company, can you explain the Downdraft tower and the new direction you are taking?
A: Ron Pickett, President & CEO
Our Downdraft Tower is simply a large hollow cylinder located in a very dry area like the Southwestern United States. We spray a fine mist of water near the top of the tower. The hot dry air absorbs the water, which becomes heavier, and sinks downward within the hollow cylinder creating a natural downdraft that is contained inside the tower. Turbines at the base of the tower power generators to make abundant electricity 24/7.
The next direction for the Company is to bring onboard an expert Development Team transitioning the Company from its research stage to actually developing the first Tower. That team will augment the development skills of existing management and combine them with the expertise of internationally recognized engineers, architects and contractors.
Q: Investorideas.com
Why hasn't this technology been deployed previously and how did a small Company like yours get access to it?
A: Ron Pickett, President & CEO
The technology or "technique” of creating a downdraft and containing it to harness wind energy was thoroughly studied by the Technion in Israel decades ago. The key to deployment rests with now proven construction techniques to erect the large tower combined with turbine and generator enhancements to extract maximum power from the downdraft.
Q: Investorideas.com
You also announced a change in share structure and a return to treasury of 120M plus shares . What does that mean to investors?
A: Ron Pickett, President & CEO
The Company recently announced that it had returned 120 million shares to treasury. This simply means that the total number of shares outstanding has been reduced from approximately 330M to 210M. That's about a 50% increase in value per share.
Q: Investorideas.com
What is the scope of a project like this in terms of feasibility, funding and then return on investment?
A: Ron Pickett, President & CEO
The financial feasibility of this project should be excellent. Our target is to present the first Tower project for financing with cash flow to support its debt with a 2:1 coverage. Unlike other "Green” Alternative Energy projects, which need subsidies and special financial incentives, our Tower is designed to be very profitable. The Dual Renewable Energy Tower is a totally "Green” project that generates a lot of "Green” profit.
Q: Investorideas.com
As investors have recently witnessed the failing of large scale solar companies like Solyndra that were funded by Government and investors – how do you differentiate a project on the scale you are undertaking and how are you sure it will succeed?
A: Ron Pickett, President & CEO
As stated above, traditional solar and wind projects need to be subsidized. Not so with our project. We will certainly seek to take advantage of any and all programs for tax-exempt bond financing and for tax and carbon credits. Nevertheless, we anticipate that our first project will be able to generate twice the cash flow before taxes necessary to service the required financing.
Wind Company Snapshot - Clean Wind Energy Tower, 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. www.cleanwindenergytower.com
Clean Wind Energy, Inc. Contact:
1997 Annapolis Exchange Parkway Suite 300
Annapolis , Maryland 21401
Phone: 410-972-4713
E-mail: Info@cwetower.com
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About Investorideas.com and our Green Investor content:
Investorideas.com was on the of the first investor sites covering investing in water and renewable energy stocks and has become a global go-to destination for investors researching the cleantech sector, with stock directories, company news, commentary from experts, research reports and industry resources and links. Investors can follow solar stocks commentary on our site with solar expert, J. Peter Lynch.
Sign up at Investor Ideas for free investor alerts including news on wind stocks
http://www.investorideas.com/Resources/Newsletter.asp
Disclaimer/ Disclosure: The following news is part of the Clean Wind Energy Tower, Inc. (OTCBB: CWET) advertising program with Investorideas.com. Clean Wind Energy, Inc. compensates investorideas.com (one thousand five hundred per month, 100,000 144 shares) to be showcased as a renewable energy stock within its hub of sites and blogs.Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and its management and is not the opinion of Investorideas.com. Learn more: www.InvestorIdeas.com/About/Disclaimer.asp
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