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W2 Energy Inc.: W2 Energy Shows Aggressive Growth in Growing Market

^{Published on 2009-08-21 09:08:45, Last Modified on 2009-08-21 09:08:46 - Market Wire}
 

TORONTO--(Marketwire - August 21, 2009) - W2 Energy Inc. (PINKSHEETS: [ WTWO ]), a developer of green energy, is pleased to announce that its growth as a company continues to be rapid and on schedule. The marketing of its waste to energy plants continues to produce results. Based on Memorandums of Understanding that have been signed by its marketing partner, it is anticipated that W2 Energy will be required to supply 3 to 4 plants in the next 18 months. The cost to the customer for each plant is $2.8 million USD.

In addition to the marketing of the waste to energy plants, the company signed an exclusive distributorship agreement in India for its SEGS (Small Electrical Generation System) machines. The Company has already received and invoiced $200,000 in prepayment fees and will be paid another $300,000 over two years plus 6% royalties. These machines are ideal for generating power in areas where the only resource is slow moving water. The First SEGS is in final stages of delivery to the distributor and the marketing program in India is about to start. The Company is able to market the SEGS in the surrounding countries using India as an example.

The Company has also developed and tested its commercial scale Algae Bioreactors. There are several companies in the news who are talking about developing this technology. W2 Energy has already developed and fully tested the technology and plants with excellent results. Initially W2 Energy will build a pilot facility at its Guelph facility. The pilot facility will use 10 algae bioreactors to begin producing oil on a 24 hour basis; it is projected that each unit will produce 42 gals (approximately one barrel of oil a day). This will give the company projected initial production of approximately 10 barrels of oil per day. The Guelph facility has space to be able to accommodate another forty (40) algae bioreactors in the facility. The company predicts it will generate up to 50 barrels of oil per day which is anticipated to generate revenue for the company. To give the company further flexibility, it has begun construction on a commercial scale NT (Non Thermal) Plasmatron. Should the Company decide to process the oil further, the NT Plasmatron will be used to generate syngas and low cost power. The NT Plasmatron gives W2Energy the ability to deliver low cost power and increases the flexibility of the algae bioreactors.

In summary the company will continue to expand its operations by selling its waste to energy plants and other systems while at the same time increasing the value of the company by using its own technologies and systems to generate direct day-to-day income.

Remember with a W2 Energy Plant "GARBAGE BECOMES A RENEWABLE RESOURCE."

W2 Energy trades in the United States on the OTC under the symbol "WTWO." For further information, please contact Mike McLaren at (519) 341 3185 or [ www.w2energy.com ].

NOTE: Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause results to differ materially. Such risks, uncertainties and other factors include but are not limited to new economic conditions, risk in product development, market acceptance of new products and continuing product demand, level of competition and other factors described in Company reports and filings with regulatory bodies.