Solar Wind Energy Tower, Inc. Responds to Numerous Calls from Shareholders Interested in New Pilot Site Testing Results
8:30 am ET October 5, 2018 (Globe Newswire) Print
via NEWMEDIAWIRE -- Solar Wind Energy Tower, Inc. (USOTC:SWET) (the "Company"
, the innovator and creator behind the Solar Wind Downdraft Tower structures capable of producing abundant, inexpensive electricity to meet the world's increasing demand, responds to numerous shareholder calls and questions pertaining to the results of the pilot site testing.
In a previous, as well as yesterday's press release, the Company reported that testing had been initiated and was ongoing. The schedule of course will be dependent on weather conditions at the pilot site.
The pilot site stack has been outfitted with the necessary professional monitoring and recording devices required by the Company's meteorological consultants and the testing itself is under the direction and coordination of one of the consultants that is on-site.
The Company has also responded to inquiries regarding the pumping of the water to the top of the tower and the amount of energy required to complete that task effectively. As quoted by Ron Pickett, "Based on a very conservative approach, we originally calculated that approximately 11% of our energy produced would be needed for the pumping of the water. It is exciting now to validate through actual field testing that the energy consumption is less than 1% of the energy projected to be produced by the San Luis facility."
An additional battery of testing at the site has just been completed, and those results are being verified and logged. Continued testing is scheduled for this upcoming week.
Ron Pickett commented, "Inasmuch as we are not able to share this test information ahead of full public disclosure, as a courtesy to our loyal stakeholders, the Company can report that the initial system checked out and performed as designed, and that the weather data both inside and outside the system was fully functional and consistently capturing, displaying, recording and comparing temperatures, relative humidifies, dew points and the resulting wind speed at 10 second intervals. Actual results will be compiled and contained in an official report generated by the consulting meteorologist.
That said, the pilot tower downdraft system proves without doubt what the expert consultants already knew, which is that hot/dry air confined inside the tower when infused with water immediately begins the evaporative process, resulting in colder air that falls at predictable speeds to the bottom of the tower and will exit through any opening toward air with the same ambient conditions of the air before the water infusion."
It is the Company's intent to share the final report, encompassing various performance aspects, as soon as it completed.
About Solar Wind Energy Tower, Inc.
Founded in 2010, Solar Wind Energy Tower, Inc., and its wholly owned commercializing subsidiary, Solar Wind Energy, Inc., is the inventor of the patented Solar Wind Downdraft Tower, which uses state of the art technologies and construction systems to produce abundant, inexpensive electricity, 24 hours a day, 7 days a week.
The Company's core objective and focus is to become a leading enabler of clean, efficient renewable energy to world communities, at a reasonable cost, without the destructive residuals of fossil fuels, while continuing to generate innovative technological solutions to meet tomorrow's electrical power needs.
For more information, please visit:
http://www.solarwindenergytower.com, and https://www.facebook.com/solarwindenergytower and https://twitter.com/SWETower and https://www.arizonagreenpower.com
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).
Contact:
Solar Wind Energy Tower, Inc.
Phone: 410-972-4713
E-mail: info@SWETower.com
https://resource.globenewswire.com/media/3c11...nd-jpg.jpg
8:30 am ET October 5, 2018 (Globe Newswire) Print
via NEWMEDIAWIRE -- Solar Wind Energy Tower, Inc. (USOTC:SWET) (the "Company"
, the innovator and creator behind the Solar Wind Downdraft Tower structures capable of producing abundant, inexpensive electricity to meet the world's increasing demand, responds to numerous shareholder calls and questions pertaining to the results of the pilot site testing. In a previous, as well as yesterday's press release, the Company reported that testing had been initiated and was ongoing. The schedule of course will be dependent on weather conditions at the pilot site.
The pilot site stack has been outfitted with the necessary professional monitoring and recording devices required by the Company's meteorological consultants and the testing itself is under the direction and coordination of one of the consultants that is on-site.
The Company has also responded to inquiries regarding the pumping of the water to the top of the tower and the amount of energy required to complete that task effectively. As quoted by Ron Pickett, "Based on a very conservative approach, we originally calculated that approximately 11% of our energy produced would be needed for the pumping of the water. It is exciting now to validate through actual field testing that the energy consumption is less than 1% of the energy projected to be produced by the San Luis facility."
An additional battery of testing at the site has just been completed, and those results are being verified and logged. Continued testing is scheduled for this upcoming week.
Ron Pickett commented, "Inasmuch as we are not able to share this test information ahead of full public disclosure, as a courtesy to our loyal stakeholders, the Company can report that the initial system checked out and performed as designed, and that the weather data both inside and outside the system was fully functional and consistently capturing, displaying, recording and comparing temperatures, relative humidifies, dew points and the resulting wind speed at 10 second intervals. Actual results will be compiled and contained in an official report generated by the consulting meteorologist.
That said, the pilot tower downdraft system proves without doubt what the expert consultants already knew, which is that hot/dry air confined inside the tower when infused with water immediately begins the evaporative process, resulting in colder air that falls at predictable speeds to the bottom of the tower and will exit through any opening toward air with the same ambient conditions of the air before the water infusion."
It is the Company's intent to share the final report, encompassing various performance aspects, as soon as it completed.
About Solar Wind Energy Tower, Inc.
Founded in 2010, Solar Wind Energy Tower, Inc., and its wholly owned commercializing subsidiary, Solar Wind Energy, Inc., is the inventor of the patented Solar Wind Downdraft Tower, which uses state of the art technologies and construction systems to produce abundant, inexpensive electricity, 24 hours a day, 7 days a week.
The Company's core objective and focus is to become a leading enabler of clean, efficient renewable energy to world communities, at a reasonable cost, without the destructive residuals of fossil fuels, while continuing to generate innovative technological solutions to meet tomorrow's electrical power needs.
For more information, please visit:
http://www.solarwindenergytower.com, and https://www.facebook.com/solarwindenergytower and https://twitter.com/SWETower and https://www.arizonagreenpower.com
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).
Contact:
Solar Wind Energy Tower, Inc.
Phone: 410-972-4713
E-mail: info@SWETower.com
https://resource.globenewswire.com/media/3c11...nd-jpg.jpg
