ANNAPOLIS, MD / ACCESSWIRE / April 21, 2014 / Solar Wind Energy Tower, Inc. (OTCQB: SWET, the “Company”), the inventor of a large Solar Wind Downdraft Tower structure capable of producing abundant, inexpensive electricity, today is proud to announce that the Company is scheduled to receive ClubsCorp’s 2013 President Award for “Best of Class” for a public technology company at the Fat Cat Club Q2 Member Meeting in Rosewood Mansion on Turtle Creek Dallas on Friday, April 25th.
“With so many great stories and investment opportunities from this sector in 2013, it was a challenging choice for the Selection Committee,” stated Ben Doherty, CEO, ClubsCorp. “However, in the final analysis, Solar Wind Energy Tower topped the others mostly because of its technology - technology that is not just disruptive, but life-changing.”
Ronald Pickett, CEO and Founder of SWET will be on hand to accept the Recognition of Excellence and Award for Solar Wind Energy Tower and address the gathering of members with the SWET story and investment update.
Ronald Pickett stated, “We are pleased that ClubsCorp has recognized the “game changing technology” that Solar Wind Energy Tower represents and has introduced to its members. The hard work and dedication exhibited by our team, team of advisors, and strategic partners, to get our first Solar Wind Downdraft Tower built is truly remarkable. There are a number of investment opportunities in front of us. We look forward to sharing them with Fat Cat Club’s audience of quality investor participants and members, and to continuing with engagements moving forward.”
About Fat Cat Club
Fat Cat Club is a Dallas, Texas based national membership private angel investor group that holds Quarterly All Members Meetings at Five Star US Hotels in financial and resort cities and cities were “groups” of Fat Cat Club Members reside. The group is made up of men and women, professionals and non-professionals who have made their money the old-fashioned way: hard work, playing by the rules, and answering opportunity when it knocks.
These Quarterly All Members Meetings provide Members the opportunity to listen to Member Company updates and new Member Company presentations by the senior management of public and privately-held companies who are seeking private placement funding for expansion and development capital. Member Company management has the opportunity to present in 25/50 minutes their company, describe current operations, and lay out plans for the future, including the company’s financing objectives to Fat Cat Club Members who are accredited investors. All Members invest individually in deals that interest them ranging from $600,000 to $6,000,000.
About Solar Wind Energy, Inc.
Solar Wind Energy, Inc. (“Solar Wind Energy”), a wholly owned subsidiary of Solar Wind Energy Tower, Inc., was established to utilize proven and validated scientific principles, combining them with state of the art construction systems to enable the development and y’s core objective and focus is to become a leading enabler of clean, efficient green energy to the world communities, at a re-commercialization of large Solar Wind Downdraft Tower structures that produce abundant, inexpensive electricity. Our Companionable cost, without the destructive residuals of fossil fuels, while continuing to generate innovative technological solutions for tomorrow’s electrical power needs. The Company intends to establish partnerships at home and abroad to propagate Tower Projects and meet the increasing global demand for electricity. The Company does not intend to own the projects. The business plan includes receiving license fees for territories, development fees during construction, and recurring royalty fees based on the actual kilowatt hours produced by the Tower. Solar Wind Energy has assembled a team of experienced business professionals, engineering and scientific consultants with the proven ability to bring this solution to market. Solar Wind Energy has filed and been issued patents that the Company believes will further enhance this potentially revolutionary technology. Solar Wind Energy, Inc., based in Annapolis, MD, is traded on the OTCQB under the symbol ‘SWET’. For more information visit www.solarwindenergytower.com
Innovative Renewable Hybrid Solar / Wind Energy Technology
We view ourselves as a hybrid solar/wind technology, reflected in the name, Solar Wind Energy Tower, Inc. The simplicity of our solution is comprised of harnessing the natural power of a downdraft created within the confines of our Solar Wind Downdraft Tower structure, a hollow cylinder reaching skyward into the hot, dry atmosphere heated by the solar rays of the sun. The water introduced by the injection system near the top of the Tower evaporates and is absorbed by the hot, dry air. The air becomes cooler, denser and heavier than the outside warmer air and falls through the cylinder at speeds up to and in excess of 50 mph and is diverted into wind tunnels surrounding the base of the Tower where turbines inside the tunnels power generators to produce electricity.
Abundant, Clean, Affordable Electricity Production
The Company has successfully managed to economize the Tower, reducing capital costs and improving projected financial performance. This development was made possible by utilizing our recently announced software which can calculate and predict energy production by our Solar Wind Downdraft Towers given local weather data. By feeding the weather data 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 Tower’s height and width.
Under the most recent design specifications, the first San Luis Tower has a design capacity on an hourly basis, of up to 1,250 megawatt hours, gross. Due to lower capacities during winter days, the average hourly output per day for sale to the grid for the entire year is approximately 435 megawatt hours.
Solar Wind Energy, Inc.
1997 Annapolis Exchange Parkway
Annapolis, Maryland 21401
Cautionary Note Regarding Forward-Looking Statements
Statements included in this release may constitute “forward-looking statements”. Actual results may differ materially from those projected in forward-looking statements. 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 revenues, if any, 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: Solar Wind Energy, Inc.