SOURCE: Solar Wind Energy Tower, Inc.

October 09, 2014 08:00 ET

Solar Wind Energy Tower, Inc. Pursues U.S. Department of Defense

Company Partners With Defense Expert to Pursue and Secure Power Purchase Agreements for AZ Tower Project

ANNAPOLIS, MD--(Marketwired - Oct 9, 2014) - Solar Wind Energy Tower, Inc. (OTCQB: SWET) (the "Company"), the inventor of large Solar Wind Downdraft Tower structures capable of producing abundant, inexpensive electricity, today announced that it is pursing certain potential Power Purchase Agreements (PPAs) within the U.S. Department of Defense, and has engaged the services of Santiago 'Rico' Vaca, the founder and senior principal at S Vaca & Associates L.L.C., a firm specializing in defense and national security, to guide and represent the Company in its pursuit of that key objective.

A proven government relations executive, national security expert, and retired military officer, Mr. Vaca advises clients on federal challenges associated with national security programs, from both operational and commercial perspectives. He retains a diverse skill set to include detailed knowledge of Department of Defense programs, budgets, and policies across the Services, with emphasis on procurement, research and development, operations & maintenance, and their associated funding processes.

As a Teaming Partner of the Company, Mr. Vaca and his firm will provide strategic advisory and consulting services, lending his expertise and advice on entry into the U.S. Department of Defense. He has committed to focus his best efforts and due diligence on attaining Power Purchase Agreements for the Company with one or more Services within the Department of Defense.

Ronald Pickett, CEO, Solar Wind Energy Tower, Inc. commented, "Our business model from the beginning has always been to seek out the best-in-class consultants in the world to support our efforts to bring the first Solar Wind Energy Tower to market - and the engagement of Mr. Vaca is no exception. The Company has been in a quiet period over the past several months awaiting the final SEC approval on our S-1 Registration Statement, which was received just yesterday. During these months, however, we have been working diligently to ensure our first Tower project in San Luis Arizona comes to fruition. Power Purchase Agreements are a cornerstone for the development and success of this project. To partner with and engage such a high caliber defense and national security expert as Mr. Vaca in this mission gives us great confidence that we will succeed. I have known Mr. Vaca for several years and he was an integral part of the initial plan to offer alternative energy from the Arizona site to the Department of Defense.

Santiago Vaca, President of S Vaca & Associates L.L.C. commented, "I am delighted to have the opportunity to become one of the Solar Wind Energy Tower, Inc. expert Teaming Partners and to utilize my skills and expertise to help secure Power Purchase Agreements for this incredible game changing alternative energy technology and future resource."

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, and the Energy Generation Calculator software which can calculate and predict energy production of a Tower given a site's local weather data. The Company secured the site for its first Tower project in the U.S. in the City of San Luis, Arizona which may be ready for operation as soon as 2018. Under the most recent design specifications, the first Tower in San Luis, Arizona has a design capacity on an hourly basis of up to 1,250 megawatt hours, gross. The Company is also focused on licensing its development know-how and establishing partnerships at home and abroad to propagate Tower development projects in return for licensing 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.

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. Solar Wind Energy has filed and been issued patents that the Company believes will further enhance this potentially revolutionary technology. Solar Wind Energy Tower, Inc., based in Annapolis, MD, is traded on the OTCQB under the symbol "SWET'.

For more information visit http://www.solarwindenergytower.comhttps://www.facebook.com/pages/Solar-Wind-Energy-Tower-Inc/515223728536798 and https://twitter.com/SWETower.

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 Information

  • Contact:
    Solar Wind Energy, Inc.
    1997 Annapolis Exchange Parkway Suite 300
    Annapolis, Maryland 21401
    Phone: 410-972-4713
    E-mail: Info@swetower.com