Stocks & Investing
Stocks and Investing
Stocks and Investing
Tue, May 12, 2009
Mon, May 11, 2009 W2 Energy Inc.: W2 Energy Acquires Solar Technology
TORONTO--(Marketwire - May 11, 2009) - W2 Energy (
W2 Solar will use the Therm2Volt System to convert solar heat into electricity on many of its solar heat and electricity systems, which will increase profitability for W2 Solar clients and joint venture partners.
W2 Energy will also use the Therm2Volt System to turn heat into electricity in their mass-to-energy plants, which will increase its thermal efficiency.
W2 Solar has also has purchased the rights to develop Thinking Home Software for Windows.
Over 1200 copies of Thinking Home have been sold over the last nine years. Thinking Home currently controls every aspect of a home's energy system via computer and/or voice activation. W2 Solar will convert Thinking Home Software into a Windows-based software system which will be able to control commercial buildings up to 100,000 square feet and more.
W2 Solar will sell the Mac-based home version of Thinking Home on w2solar.com.
W2 Energy has issued to Bruce Lawton 250,000 shares of its common stock for the rights to Thinking Home, and 1,000,000 shares of its common stock for the rights to the Therm2Volt system.
Mr. Lawton has joined W2 Solar as its Chief Technologist. He will be helping to market, design and service all of its solar energy installations.
Mr. Lawton brings to W2 Solar a background as an electrical engineer, software engineer and solar energy system designer and installer.
About W2 Solar
W2 Solar USA develops, builds, sells and deploys solar energy technologies worldwide. W2 Solar uses SunCatcher brand solar collectors, heat exchangers and steam generators, and Steam Ray brand rotary steam engines, to generate steam, process heat and electricity from solar energy.
About W2 Energy
W2 Energy trades in the United States on the OTC under the symbol "WTWO." For further information, please contact Mike McLaren at (519) 341 3185 or
[ 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 Company reports and filings with regulatory bodies.
