GUELPH, ON--(Marketwire - November 24, 2010) - W2 Energy, Inc., a clean energy company (www.w2energy.com) (
W2 Energy as also secured an option that allows for the expansion of the Woodlawn Road facility up to 52,000 square feet.
The move to the larger facility marked the next chapter in W2 Energy, Inc.'s expansion as it steps up production and pre-production on the NT Plasmatron system, the Solar Bug solar electric vehicle, the SEGS hydraulic power system, the SunFilter Algae Reactor carbon sequestration system, and the SteamRay steam and syngas-powered rotary engine.
"Our rate of growth requires us not just to expand, but prepare for the continued increase as we ramp up current production," says Mike McLaren, President and CEO of W2 Energy. "The option of having the ability to expand as much as 5X the size of our old facility gives us the much needed room to design, build and grow but it also allows us the flexibility to match our growth with output and demand."
W2 Energy, Inc. trades in the United States on the OTC market under the symbol "WTWO." For further information, please contact Mike McLaren at (519) 341 3185 or go to www.w2energy.com
Note: Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause results to differ materially. Such risks, uncertainties and other factors include but are not limited to new economic conditions, risk in product development, market acceptance of new products and continuing product demand, level of competition and other factors described in reports and filings with regulatory bodies
Contact Information:
Contact:
W2 Energy, Inc.
519-341-3185
info@w2energy.com