Solar Wind Energy Tower, Inc. Launches National Media Campaign With The Money Channel Inc.
ANNAPOLIS, Md., April 2, 2013 /PRNewswire/ -- Solar Wind Energy Tower, Inc. (OTCQB: SWET), (the "Company") announced today that it is launching a national media campaign with the Money Channel Inc. This multi-faceted campaign includes Radio informative segments airing on American Scene Radio that airs for two hours each weekday, planned television segments to air on the weekly half-hour program, WallStreetCast, and participation in one or more LIVE World Money Show events during the coming year.
American Scene has been airing for 23 years, and WallStreetCast has been airing nationally for 7 years. American Scene Radio airs nationally via satellite to numerous terrestrial radio stations plus on www.investors.com owned by Investors Business Daily, plus on iTunes under The Money Channel. Investor audiences are estimated to exceed two million per week. Steve Crowley, CEO of the Money Channel, said, "We are pleased to add "SWET" to our daily Investor's Showcase along with its CEO, Ron Pickett. Our listeners and viewers have shown a particular interest in innovative "green energy" emerging technologies over the years, and we believe that this newest technology shall be a leader in this critically important space.Visit www.moneychannel.tv for more information on this media. About Solar Wind Energy, Inc. Solar Wind Energy, Inc. (Solar Wind Energy), a wholly owned subsidiary of Solar Wind Energy Tower, Inc., was established to commercialize a number of proven, validated technologies and construction systems into a single large Solar Wind Downdraft Tower structure that produces abundant, inexpensive electricity. Our Company's core objective and focus is to become a leading provider of clean, efficient green energy to the world communities, at a reasonable cost, without the destructive residuals of fossil fuels, while continuing to generate innovative technological solutions for tomorrow's electrical power needs.
Innovative Renewable Hybrid Solar / Wind Energy Technology We view ourselves as a hybrid solar/wind technology, reflected in the name, Solar Wind Energy Tower, Inc. The simplicity of our solution is comprised of harnessing the natural power of a downdraft created within the confines of our Solar Wind Downdraft Tower structure, a hollow cylinder reaching skyward into the hot, dry atmosphere heated by the solar rays of the sun. The water introduced by the injection system near the top of the Tower evaporates and is absorbed by the hot, dry air. The air becomes cooler, denser and heavier than the outside warmer air and falls through the cylinder at speeds up to and in excess of 50 mph and is diverted into wind tunnels surrounding the base of the Tower where turbines inside the tunnels power generators to produce electricity.
Downdraft Tower Will Produce Abundant, Inexpensive electricityThe Company has successfully managed to downsize and economize the Tower, reducing expected capital costs and improving projected financial performance. The Company recently announced the completion of weather data models that confirm the first tower height can be lowered from 3,000 feet down to 2,250 feet. This development was made possible by utilizing our recently announced software which can calculate and predict energy production by our Solar Wind Downdraft Towers given local weather data. By feeding the weather data for southwestern Arizona/ Northern Mexico into the program, the Tower's height and diameter can be adjusted along with the amount of water added as fuel to create a desired amount of energy. The outcome dictates the optimum size of the Towers height and width.Under the most recent design specifications, the first San Luis Tower is expected to have a design capacity on an hourly basis, of up to 1,250 megawatt hours, gross. Using a 60% capacity factor, we expect the Tower's potential hourly yield equates to 600 megawatt hours, from which approximately 18.5% will be used to power its operations, yielding approximately 500 megawatt hours available for sale to the power grid. Factoring in lower capacities during winter days, the average daily output for sale to the grid for the entire year is approximately 435 megawatt hours per day. Currently in California avoided costs are running approximately $0.11 per kilowatt hour. As an independent power producer of clean renewable energy, the Company will be selling power directly to the power grid rather than directly to consumers. In addition to constructing Solar Wind Downdraft Towers in the United States and abroad, the Company intends to establish partnerships at home and abroad to propagate these systems and meet increasing global demand for electricity. Solar Wind Energy has assembled a team of experienced business professionals, engineering and scientific consultants with the proven ability to bring the idea to market. Solar Wind Energy has filed and been issued patents that the Company believes will further enhance this potentially revolutionary technology. Solar Wind Energy, Inc. is based in Annapolis, MD, and is traded on the OTCQB under the symbol 'SWET'. For more information visit www.solarwindenergytower.com Contact:Solar Wind Energy, Inc.1997 Annapolis Exchange Parkway Suite 300 Annapolis, Maryland 21401Phone: 410-972-4713E-mail: Info@swetower.com Investor Relations Scott ArnoldPhone: (310) 497 8817Email: firstname.lastname@example.org Cautionary Note Regarding Forward-Looking StatementsStatements 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). SOURCE Solar Wind Energy Tower, Inc.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV