W2 Energy Purchases 30,000 Square Foot Facility
2011-05-05 06:34 PT -News Release
GUELPH, ON-- (MARKET WIRE)-- 05/05/11
W2 Energy, Inc. (PINKSHEETS: WTWO) is pleased to announce that itpurchased 345 Woodlawn Road West in Guelph, Ontario. This propertycontains a 30,000 square foot, single floor office/factory space as wellas seven acres of land.
The company has purchased the facility for $1.15 Million which will befinanced through a combination of private capital and vendor financing.
Among other projects, W2 Energy intends to create our showcase pilotplant as well as greenhouses to house our algae bioreactors on the sevenacres.
This is a significant advancement for W2 Energy as its previous factoryspace at 335 Woodlawn Road West had 20,000 square feet and no land.
The property also contains the rights to build an additional 5,500 square feet of office space.
W2 Energy has already begun moving out of 335 Woodlawn Road West andwill be completely installed in its new factory space by the end of May.
"Our new factory space is big enough to build our NT Plasmatronreactors, SunFilters, Solar Bugs, SteamRay engines and ourAquaTurbines," says Mike McLaren, President and CEO of W2 Energy. "Ourseven acres of outdoor space will allow us to deploy multiple SunFilteralgae bioreactors and begin to produce our algae product on a commercialscale right in our own backyard. We are all very excited to finallyhave the space to grow and a place to deploy our technology."
W2 Energy trades in the United States on the OTC market under the symbol "WTWO."
For further information, please contact Mike McLaren at (519) 341 4776 or go to www.w2energy.com
Note: Certain statements in this press release are "forward-lookingstatements" within the meaning of the Private Securities Act of 1995.Such statements involve known and unknown risks, uncertainties and otherfactors that may cause results to differ materially. Such risks,uncertainties and other factors include but are not limited to neweconomic conditions, risk in product development, market acceptance ofnew products and continuing product demand, level of competition andother factors described in reports and filings with regulatory bodies
Contact:
W2 Energy, Inc.
519-341-4776
info@w2energy.com