|By PR Newswire||
|December 17, 2012 08:01 AM EST||
ANNAPOLIS, Md., Dec. 17, 2012 /PRNewswire/ -- Clean Wind Energy Tower, Inc. (OTCBB: CWET), (the "Company") announced today that the Company had communicated to their shareholders of record in a letter that stated:
To our valued shareholders,
This past year has been one of significant progress toward the development and ultimate realization of the first Clean Wind Energy Tower Downdraft Tower.
Our strategic mission has always been to engineer, design, develop and construct the most energy efficient and cost effective source of clean power available. One which will be financially productive without the subsides required by conventional solar and wind projects.
A major obstacle, beyond our technical challenges, has been that of securing suitable locations that are comprised of all of the geographic and atmospheric components necessary to site our Towers. The actual design size, power output and other technical aspects of the Tower project are site specific.
With that in mind let me take you through our accomplishments this past year.
On May 23rd, 2012 the City Council of San Luis, Arizona held a final hearing on the zoning of a large parcel of land meeting our site criteria, and voted unanimously in favor of zoning the parcel of land within the San Luis City limits for the construction of Clean Wind Energy's innovative green renewable energy Downdraft Tower Facility. Also, in a separate and additional action, the City Council approved an agreement for protected development rights with Clean Wind Energy, Inc., facilitating the entitlement to develop a second Tower on the subject property.
Then on November 28th, 2012 the City Council of San Luis, Arizona voted unanimously in favor of Major Amendment Case 20112-0165, approval of a change in the City of San Luis 2020 General Plan from Ranchette and Border Buffer to Industrial for an additional 880 acres paving the way for a second Tower and assembly facility on San Luis, Arizona. Both of these sites work extremely well for us and in turn we believe our presence will be mutually beneficial for the economy of the San Luis, Arizona community and surrounding areas.
Concurrently, we have been exploring other site opportunities and in October, the Company signed a Letter of Intent ("LOI") to enter into a Definitive Agreement to purchase a 3,200 acre site in Mexico that has the ideal attributes required for the Company's Downdraft Tower. The Company intends to build and operate two Clean Wind Energy Downdraft Towers on this site. The proposed property is located in a particularly exceptional area for the development of these projects as it possesses suitable access, along with the required topography. Both Clean Wind Energy Tower, Inc. and the current land owner have been in discussions regarding this project since the later part of 2011 and are working together diligently under the LOI towards the execution of a Definitive Agreement. The land purchase is subject to the seller providing clear title and unrestricted access to the property as well as acquiring all of the needed prerequisites and approvals for the implementation of the Downdraft Towers including access to the power grid and the Company securing a satisfactory Power Purchase Agreement.
With the Company's recently announced completion of weather data models confirming the consistency of attributes in both Mexico and the US, we have been able to engineer and reduce the height of these four potential Towers from a conceptual of 3,000 feet to an actual height of 2,250 feet, significantly reducing capital costs and improving financial performance. This engineering evaluation was made possible by utilizing our recently announced proprietary software which can calculate and predict energy production by our Downdraft Towers given local weather data. By feeding the weather data for southwestern Arizona / northern Mexico 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 Towers height and width.
Under the most recent design specifications the first San Luis Tower has a projected output capacity, on an hourly basis, of up to 900 megawatt hours, gross. Using a 67% capacity factor the Tower's potential hourly yield would be 610 megawatt hours from which, approximately 17.5% will be used to power its operations, yielding approximately 503 megawatt hours available for sale to the power grid. Currently, in California avoided costs are running approximately $0.11 per kilowatt hour.
We are also currently working with a substantial specialty contracting firm evaluating the potential to utilize concrete for much of the steel structure of the Tower. Initial reports confirm and favor the introduction of concrete to the main structure. This is precipitated by the reduction in height from 3,000' to 2250' for the San Luis and Mexico Towers. A final confirmation of this construction method should result in additional considerable costs savings including an accelerated construction schedule.
Most recently, the Company has entered into a Teaming Agreement with the Whiting-Turner Contracting Company, a large major national contractor and construction management organization, to assist us in project planning, advanced value engineering, and budget and project scheduling. Whiting-Turner agreed to defer payments until the project has obtained development funding.
In July we announced that our "Core Patent" had been issued providing us with a distinct business advantage over any potential competitor in the development of the first Energy Downdraft Tower. Then in October the Company filed a patent amendment for the addition of specific external design components, physical structure and systems that both substantially enhance structural integrity of the Tower and capture wind directly striking the external vertical surfaces of the Downdraft Tower from any direction beyond those winds already induced into the internal tube of the tower, substantially increasing total power generation of a single unit. The application covers, including other claims, the appropriately shaping of the external walls of the Tower so that the wind blowing upon the Tower may be captured and directed to conversion tunnels at the base of the Tower where the wind turbines may convert the mechanical wind energy to electrical energy. Additional patent applications will be filed as they are readied.
At the end of November the Company entered into an Investment Agreement with Deer Valley Management, LLC headquartered in White Plains, New York, to obtain up to $5,000,000 under the definitive financing terms including a registration statement having been declared effective with the Securities and Exchange Commission.
We believe this financing will provide a firm foundation for our early stage development activities through the public company, and will help to accelerate all aspects of our program. We continue to make additional value engineering progress on our tower structure, incorporating a variety of potential energy enhancing power techniques that will enable our Downdraft Energy Tower to produce abundant saleable power to the grid. While the Company will require sufficient capital to actually construct the first tower, our objective is to obtain that necessary project capital through partnerships for each Tower.
As we have consistently stated, our business plan is to enable the global development of Towers by partnering, consulting, and licensing with substantial potential developers worldwide. Clean Wind Energy can now evaluate potential Tower sites, and advise and predict the amount of electricity that can be produced in a specific region. Multiple Towers can be deployed in "Compounds" using the same cranes, water source, delivery, manufacturing, construction systems and labor forces.
I also want to thank our renowned and well respected technical consultants and advisors for their dedication and interest in our project, as well as all of the professionals we rely on daily.
Lastly, our Board of Directors has recently discussed internally the option of a corporate name change, caused by the persistent confusion of our specific technology with that of conventional wind turbines, when in actuality our power in initiated by the solar warming of ambient air which is then induced into our Tower where wind is generated. We see ourselves as a hybrid solar/wind technology, thusly the name change to Solar Wind Energy Tower is being considered. So, we are asking our shareholders to please visit our website at www.cleanwindenergytower.com, and cast their vote on this issue.
A sincere thank you, for your continued support!
Ronald W. Pickett, President & CEO
Clean Wind Energy Tower, Inc.
About Clean Wind Energy, Inc.
Clean Wind Energy, Inc. a wholly owned subsidiary of Clean Wind Energy Tower, Inc, has designed and is preparing to develop, and construct large "Downdraft Towers" that use benevolent, non-toxic natural elements and operate with virtually no carbon footprint, fuel consumption, or residual waste to generate electricity and clean water economically by integrating and synthesizing numerous proven as well as emerging technologies. This technology will generate clean, cost effective and efficient electrical power without the damaging effects caused by using fossil or nuclear fuels, and other conventional power sources.
Downdraft Tower Will Produce Abundant, Inexpensive electricity
The Company has successfully managed to downsize the Tower-reducing capital costs and improving projected financial performance. The Company recently announced the completion of weather data models that confirm that the first tower height can be lowered from 3,000 feet down to 2,250 feet. This development was made possible by utilizing our recently announced software which can calculate and predict energy production by our Downdraft Towers given local weather data. By feeding the weather data for southwestern Arizona / northern Mexico 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 Towers height and width.
Clean Wind Energy's business plan is to enable the global development of Towers by partnering, consulting, and licensing with substantial potential developers worldwide. Kroll Cranes can be manufactured to meet demand. Steel can be supplied worldwide to meet demand, and upon completion of the turbine designs, the generators and other standard parts can be supplied around the world. Clean Wind Energy can now evaluate potential Tower sites and advise and predict the amount of electricity that can be produced in that region. Multiple Towers can be deployed in "Compounds" using the same cranes, water source, delivery, manufacturing and construction systems and labor forces.
The Company's core objective and focus is to become a provider of clean efficient green energy to the world communities at a reasonable cost without the destructive residuals of fossil fuel, and to help broker the chasm between both, while continuing to generate innovative technological solutions for today and tomorrow's electrical power needs. 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 Energy, Inc. has filed several patents that the Company believes will further enhance this potentially revolutionary technology. Clean Wind Energy, Inc. is based in Annapolis MD, and is traded on the OTCBB under the symbol 'CWET'. For more information visit www.cleanwindenergytower.com
Clean Wind Energy, Inc.
1997 Annapolis Exchange Parkway
Annapolis, Maryland 21401
E-mail: [email protected]
Phone: (855) 848-6937
Email: [email protected]
Cautionary Note Regarding Forward-Looking Statements
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).
SOURCE Clean Wind Energy Tower, Inc.
The BPM world is going through some evolution or changes where traditional business process management solutions really have nowhere to go in terms of development of the road map. In this demo at 15th Cloud Expo, Kyle Hansen, Director of Professional Services at AgilePoint, shows AgilePoint’s unique approach to dealing with this market circumstance by developing a rapid application composition or development framework.
Dec. 22, 2014 11:00 AM EST Reads: 1,493
SYS-CON Events announced today that Windstream, a leading provider of advanced network and cloud communications, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Windstream (Nasdaq: WIN), a FORTUNE 500 and S&P 500 company, is a leading provider of advanced network communications, including cloud computing and managed services, to businesses nationwide. The company also offers broadband, phone and digital TV services to consumers primarily in rural areas.
Dec. 22, 2014 11:00 AM EST Reads: 2,387
The Internet of Things is not new. Historically, smart businesses have used its basic concept of leveraging data to drive better decision making and have capitalized on those insights to realize additional revenue opportunities. So, what has changed to make the Internet of Things one of the hottest topics in tech? In his session at @ThingsExpo, Chris Gray, Director, Embedded and Internet of Things, discussed the underlying factors that are driving the economics of intelligent systems. Discover how hardware commoditization, the ubiquitous nature of connectivity, and the emergence of Big Data a...
Dec. 21, 2014 02:00 PM EST Reads: 2,469
"BSQUARE is in the business of selling software solutions for smart connected devices. It's obvious that IoT has moved from being a technology to being a fundamental part of business, and in the last 18 months people have said let's figure out how to do it and let's put some focus on it, " explained Dave Wagstaff, VP & Chief Architect, at BSQUARE Corporation, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 21, 2014 01:00 PM EST Reads: 2,064
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud strategy and programs. In this Power Panel at 15th Cloud Expo (http://www.CloudComputingExpo.com), moderated by Ashar Baig, Research Director, Cloud, at Gigaom Research, Nate Gordon, Director of T...
Dec. 21, 2014 11:30 AM EST Reads: 2,471
SYS-CON Events announced today that IDenticard will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. IDenticard™ is the security division of Brady Corp (NYSE: BRC), a $1.5 billion manufacturer of identification products. We have small-company values with the strength and stability of a major corporation. IDenticard offers local sales, support and service to our customers across the United States and Canada. Our partner network encompasses some 300 of the world's leading systems integrators and security s...
Dec. 21, 2014 10:00 AM EST Reads: 2,225
ARMONK, N.Y., Nov. 20, 2014 /PRNewswire/ -- IBM (NYSE: IBM) today announced that it is bringing a greater level of control, security and flexibility to cloud-based application development and delivery with a single-tenant version of Bluemix, IBM's platform-as-a-service. The new platform enables developers to build ap...
Dec. 21, 2014 06:15 AM EST Reads: 2,196
“In the past year we've seen a lot of stabilization of WebRTC. You can now use it in production with a far greater degree of certainty. A lot of the real developments in the past year have been in things like the data channel, which will enable a whole new type of application," explained Peter Dunkley, Technical Director at Acision, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 20, 2014 08:00 AM EST Reads: 1,482
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete at launch. DevOps may be disruptive, but it is essential.
Dec. 18, 2014 09:45 PM EST Reads: 1,328
"People are a lot more knowledgeable about APIs now. There are two types of people who work with APIs - IT people who want to use APIs for something internal and the product managers who want to do something outside APIs for people to connect to them," explained Roberto Medrano, Executive Vice President at SOA Software, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 18, 2014 09:00 AM EST Reads: 1,439
Nigeria has the largest economy in Africa, at more than US$500 billion, and ranks 23rd in the world. A recent re-evaluation of Nigeria's true economic size doubled the previous estimate, and brought it well ahead of South Africa, which is a member (unlike Nigeria) of the G20 club for political as well as economic reasons. Nigeria's economy can be said to be quite diverse from one point of view, but heavily dependent on oil and gas at the same time. Oil and natural gas account for about 15% of Nigera's overall economy, but traditionally represent more than 90% of the country's exports and as...
Dec. 18, 2014 06:00 AM EST Reads: 997
The Internet of Things is a misnomer. That implies that everything is on the Internet, and that simply should not be - especially for things that are blurring the line between medical devices that stimulate like a pacemaker and quantified self-sensors like a pedometer or pulse tracker. The mesh of things that we manage must be segmented into zones of trust for sensing data, transmitting data, receiving command and control administrative changes, and peer-to-peer mesh messaging. In his session at @ThingsExpo, Ryan Bagnulo, Solution Architect / Software Engineer at SOA Software, focused on desi...
Dec. 17, 2014 11:15 PM EST Reads: 1,478
"At our booth we are showing how to provide trust in the Internet of Things. Trust is where everything starts to become secure and trustworthy. Now with the scaling of the Internet of Things it becomes an interesting question – I've heard numbers from 200 billion devices next year up to a trillion in the next 10 to 15 years," explained Johannes Lintzen, Vice President of Sales at Utimaco, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 17, 2014 11:00 PM EST Reads: 1,532
"For over 25 years we have been working with a lot of enterprise customers and we have seen how companies create applications. And now that we have moved to cloud computing, mobile, social and the Internet of Things, we see that the market needs a new way of creating applications," stated Jesse Shiah, CEO, President and Co-Founder of AgilePoint Inc., in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 17, 2014 08:00 PM EST Reads: 1,493
SYS-CON Events announced today that Gridstore™, the leader in hyper-converged infrastructure purpose-built to optimize Microsoft workloads, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Gridstore™ is the leader in hyper-converged infrastructure purpose-built for Microsoft workloads and designed to accelerate applications in virtualized environments. Gridstore’s hyper-converged infrastructure is the industry’s first all flash version of HyperConverged Appliances that include both compute and storag...
Dec. 17, 2014 06:30 PM EST Reads: 1,464
Today’s enterprise is being driven by disruptive competitive and human capital requirements to provide enterprise application access through not only desktops, but also mobile devices. To retrofit existing programs across all these devices using traditional programming methods is very costly and time consuming – often prohibitively so. In his session at @ThingsExpo, Jesse Shiah, CEO, President, and Co-Founder of AgilePoint Inc., discussed how you can create applications that run on all mobile devices as well as laptops and desktops using a visual drag-and-drop application – and eForms-buildi...
Dec. 17, 2014 11:45 AM EST Reads: 1,599
We certainly live in interesting technological times. And no more interesting than the current competing IoT standards for connectivity. Various standards bodies, approaches, and ecosystems are vying for mindshare and positioning for a competitive edge. It is clear that when the dust settles, we will have new protocols, evolved protocols, that will change the way we interact with devices and infrastructure. We will also have evolved web protocols, like HTTP/2, that will be changing the very core of our infrastructures. At the same time, we have old approaches made new again like micro-services...
Dec. 16, 2014 11:45 PM EST Reads: 1,458
Code Halos - aka "digital fingerprints" - are the key organizing principle to understand a) how dumb things become smart and b) how to monetize this dynamic. In his session at @ThingsExpo, Robert Brown, AVP, Center for the Future of Work at Cognizant Technology Solutions, outlined research, analysis and recommendations from his recently published book on this phenomena on the way leading edge organizations like GE and Disney are unlocking the Internet of Things opportunity and what steps your organization should be taking to position itself for the next platform of digital competition.
Dec. 15, 2014 11:45 PM EST Reads: 1,808
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
Dec. 15, 2014 10:30 AM EST Reads: 6,959
As the Internet of Things unfolds, mobile and wearable devices are blurring the line between physical and digital, integrating ever more closely with our interests, our routines, our daily lives. Contextual computing and smart, sensor-equipped spaces bring the potential to walk through a world that recognizes us and responds accordingly. We become continuous transmitters and receivers of data. In his session at @ThingsExpo, Andrew Bolwell, Director of Innovation for HP's Printing and Personal Systems Group, discussed how key attributes of mobile technology – touch input, sensors, social, and ...
Dec. 15, 2014 10:00 AM EST Reads: 2,012