W2 Energy Reports on Plant Installation Progress
February 26 2014 - 1:45PM
Marketwired
W2 Energy Reports on Plant Installation Progress
Biodiesel Plant Nears Completion at Cambridge Facility
CAMBRIDGE, ON--(Marketwired - Feb 26, 2014) - W2 Energy, Inc.
(OTC Pink: WTWO) is pleased to report our biodiesel plant
installation is nearing completion at our Cambridge facility.
Our move to a new location resulted in a delay in our biodiesel
production and the plant needed to be re-installed before we could
commence start-up again. We are happy to report that we are nearing
completion of that install and biodiesel production at our
Cambridge facility is now imminent. As promised we have posted
a blog entry describing the progress and well as posting pictures
of the plants at various stages. This blog can be viewed on our
website www.w2energy.com. The company now operates 2 locations
155B Turnbull Crt. Cambridge Ontario and 120 Turnbull Crt. Units
H&I Cambridge Ontario. The 155B Turnbull location is 3,200
square feet and houses our plasma reactor lab as well as our CNC
machining, fabrication, offices and showroom. Our second location
at 120 Turnbull Units H&I is home to our biodiesel operations
as well as the CWS (Coal Water Slurry) fuel line. This facility is
5,000 square feet with offices and boardroom plus our onsite lab
for testing and Quality Control.
We have now taken the steps in anticipation of production of
biodiesel and issued a purchase order for the first delivery of
20,000 liters of oil for test runs and sales. As soon as this is
processed we will begin by taking delivery of this amount per week
until we can ramp up our cash flow and or debt limit to be able to
handle the maximum of 52,500 liters per week or 7,500 liters per
day.
As discussed in our press of January 14, 2104, The Company is
looking to improve communications and has begun the search for a
full time communications person to work within the company and with
management to execute on that task.
The company is also still in progress with audits and financials
and will update the shareholders once these are complete.
About W2 Energy Inc.
W2 Energy Inc. develops renewable energy technologies and
applies it to new generation power systems. Specifically, W2
Energy's plasma assisted bio-mass to energy plants, utilizing the
state of the art technologies to produce green energy in both fuel
(sulfur free diesel) and electricity at the most efficient cost in
capital investment and production per/barrel, per/Megawatt. W2
Energy Inc. has seasoned management, cutting edge technology and
owns a large technology portfolio of patents and know-how that has
been extensively validated and ready for commercial production.
For more information on W2 Energy please see
www.w2energy.com.
Safe Harbor
This release contains statements that constitute forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended and Section 21E of the Securities Exchange Act
of 1934, as amended. These statements appear in
a number of
places in this release and include all
statements that are not statements of historical
fact regarding the intent, belief or current expectations of W2
Energy, Inc., its directors or its officers with respect to, among
other things: (i) financing plans; (ii) trends affecting its
financial condition or results of operations; (iii) growth strategy
and operating strategy. The words "may," "would," "will," "expect,"
"estimate," "can," "believe," "potential" and similar expressions
and variations thereof are intended to identify forward-looking
statements. Investors are cautioned that any such forward-looking
statements are not guarantees of future performance and involve
risks and uncertainties, many of which are beyond W2 Energy, Inc.'s
ability to control, and that actual results may differ materially
from those projected in the forward-looking statements as a result
of various factors. More information about the potential factors
that could affect the business and financial results is and will be
included in W2 Energy, Inc.'s filings with the Securities and
Exchange Commission.
For further information please contact: W2 Energy Public
Relations and Shareholder Information W2 Energy Inc. Phone: (519)
800-7556 Email: info@w2energy.com