W2 Energy Provides Corporate Update
GUELPH, Ontario, Nov. 14, 2012 /PRNewswire/ -- W2 Energy, Inc. (OTC: WTWO) Mr. Michael McLaren reports:
The company has been moving forward on all projects and has over the past few months expanding its team as it executes its business plan. We have grown our technical team by 3 more highly skilled professionals in the area of Chemical Engineering, Mechanical Engineering and Electronic Engineering.
Our Biodiesel plant has been tested mechanically and electrically and is working perfectly. We are expecting our first shipment of waste vegetable oil on November 19th and will utilize that shipment as a first run batch. Once complete we will test for ASTM specification and adjust any discrepancies. Following our first batch run we will move into production of 3500 liters per day in order to ramp up the system. We expect to move to the capacity of 7500 liters per day in the beginning of the new year. Over the past few months the company has been busy sourcing waste oil feedstock as well as solid buyers for the product.
The Company's European JV is moving forward on many fronts. We continue to develop our engine and are excited to bring to our family of products a internal combustion rotary engine class. The engine has now been modeled and fully designed and several parts are in the manufacturing stage. Our JV partner continues to source and negotiate other projects and synergistic partnerships.
We continue to focus on revenue generating projects with the clear intention on moving the company from R&D to a commercial phase. We have been working with our marketing team and our consulting groups on a daily basis and we are pleased with are results to date. The corporate rebranding is in full swing and we expect to launch our new website and corporate vision by the end of this month. Previously we had stated that we would post various pictures and blogs on our website, however we decided to wait until the release of our new website to unveil the great things happening here at W2 Energy.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
