GUELPH, ON--(Marketwire -08/09/12)- W2 Energy, Inc. (WTWO) is pleased to announce that it is ready to initiate production on its 2nd generation Solar Bug.
As previously reported, the Company announced that they have been working on a commercial redesign of the company's Solar Bug, a two-seat, side-by-side vehicle that has the ability to run off of multi-alternative energy sources.
W2 Energy has been working in the background, bringing the core technology up to a commercial level. The Company has invested in the technology in order to integrate their state of the art rotary engine and on-board plasma system.
The new design will incorporate their multi-fuel rotary engine, a mobile non-thermal (NT) Plasmatron that will convert various feedstocks, such as vegetable oil, biodiesel or other liquid fuels, into synthetic gas (syngas), which will run the rotary engine and charge the battery system. In addition, the Solar Bug will incorporate two 300-watt solar panels and a state-of-the-art energy storage system. By incorporating these various energy alternatives into the vehicle, the Company will be able to significantly increase the driving range of the vehicle.
Mike McLaren, W2 Energy President and CEO, stated, "We have finished the new frame design and body styling for our Solar Bug. New parts have been received and we are currently on schedule to have the first one roll off the line this year." He also stated, "We plan to unveil the new 3d design of the Solar Bug on to our website in about a week."
About W2 Energy:
W2 Energy Inc. develops renewable energy technologies and applies it to new generation power systems. Specifically, W2 Energy's plasma assisted biomass to energy plants utilize state of the art technologies to produce green energy 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
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.