- Published: 02 March 2011
- Written by Investor Ideas
Annapolis, Maryland - March 2, 2011 (InvestorIdeas.com Newswire) - Clean Wind Energy Tower, Inc. (OTCBB: CWET) announced that they would be presenting the Company at National Investment Banking Association (NIBA) Conference to be held on March 2-4, 2011 at the Westin Beach Resort & Spa in Ft. Lauderdale, Florida. The NIBA Conference will give Clean Wind Energy Tower, Inc. access to a large audience at one time, NIBA’s membership is vast and multinational, and representing over 8,800 registered reps with an estimated $78BB in assets under management.
The highlight of the Company's presentation given by Ronald W. Pickett, President and CEO will be the formal unveiling of their Downdraft Tower featuring Green Dual Renewable Energy Solutions.
Mr. Pickett stated: "Reliable alternative energy is very different from just providing green solutions. The Tower produces energy 24/7. The Tower creates wind using natural solar energy and water. The Tower is actually a power plant with a predictable production of electricity. Knowing its cost of producing electricity for a long term separates the Tower from other alternative sources."
The Downdraft Tower is a hollow cylinder with a water spray system at the top. Pumps deliver water to the top of the Downdraft Tower to spray a fine mist across the entire opening. The water evaporates and cools the hot dry air at the top. The cooled air is more dense and heavier than the outside warmer air and falls through the cylinder at speeds up to 50 mph, driving the turbines located at the base of the structure. The turbines power generators to produce electricity. The Downdraft Tower has the capability of being operated with virtually no carbon footprint, fuel consumption, or waste production and this technology has the potential to generate clean, cost effective and efficient electrical power without the damaging effects caused by using fossil or nuclear fuels, and other conventional power sources.
Mr. Pickett also stated: "The exterior of the Downdraft Tower is constructed with vertical "wind vanes" that run the entire length of the structure. The Downdraft Tower's vanes capture the prevailing wind and channel it through a separate system of tunnels to turn turbines attached to generators that produce additional electrical power. This "Dual" Renewable Energy feature increases the Tower's production by approximately 30% while stabilizing the structure and actually reducing the construction cost."
The Company also believes that increasing emphasis on green technologies and governmental incentives in the energy industry should have a positive long-term effect on the Company's planned business and the wind energy industry in general.
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.
About NIBA
NIBA is the only not-for-profit association for national, regional and independent broker dealers, investment banking firms, investment advisors, and related capital market service providers. For over 28 years NIBA's focus has been to provide a forum for quality micro-cap and small-cap companies seeking financing or exposure to present their story.
Contact Clean Wind Energy, Inc.
1997 Annapolis Exchange Parkway Suite 300
Annapolis , Maryland 21401
Phone: 410-972-4713
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
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).
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