Published: May 31, 2011
Clean Wind Energy Tower, Inc. Letter to Shareholders
Clean Wind Energy Tower, Inc. (OTCBB: CWET)
(the "Company") announced that the Company had communicated to their
shareholders of record in a letter that stated:
Dear Shareholders,
I wanted to take this opportunity to provide you with an update on our
company, the recent merger transaction and the company's business plan
moving forward.
In January of 2011, we notified shareholders of Superior Silver Mines,
Inc., a publicly-traded company trading on the OTC Bulletin Board under the
symbol "SSVM," that Clean Wind Energy Tower, Inc. (the "Company," "CWET")
had completed what is commonly referred to as a "Reverse Merger" with their
company with the surviving public entity being Clean Wind Energy Tower,
Inc. In addition, "Clean Wind Energy, Inc." became a wholly-owned
subsidiary of the Clean Wind Energy Tower, Inc. The business operations of
Clean Wind Energy, Inc. will comprise the Company's principal business
operations going forward. Clean Wind Energy, Inc.'s corporate headquarters
are located at 1997 Annapolis Exchange Parkway Suite 300, Annapolis,
Maryland 21401.
Effective January 24, 2011, the Company's quotation symbol on the
Over-the-Counter Bulletin Board was changed from "SSVM" to "CWET." All
matters pertaining to stock certificates and stock transfers are handled by
our transfer agent:
Columbia Stock Transfer
601 E. Seltice Way, Ste. 202
Post Falls, ID 83854
Phone: (208) 664-3544
Fax: (208) 777-8998
Introducing Clean Wind Energy, Inc.
Clean Wind Energy, Inc. has assembled a world class team of experienced
business professionals, engineers and scientists with access to the
breakthrough energy research upon which this technology is founded and the
proven ability to bring the idea to market. Clean Wind Energy, Inc. is
designing and preparing to develop and construct large "Downdraft Towers"
(the "Tower") that use benevolent, non-toxic natural elements to generate
electricity and clean water economically by integrating and synthesizing
numerous proven as well as emerging technologies. The Company has filed
several patents that it believes will further enhance this potential
revolutionary technology.
In addition to constructing 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 clean water
and electricity. The Company also plans to partner with a crane
manufacturer for its construction needs and is in discussions with several
potential partners for its hydraulic systems and generator needs.
Engineering Facility
Our engineering staff is located at our Engineering Office Facility located
in Warrenton, Virginia. The engineering team is focused on the cultivation
of innovative technological imperatives in addition to our already advanced
wind energy structural designs and enhanced power generation methodologies.
Part of their initial primary focus has been on the Company's intellectual
property and patent filings.
Recent Patent Filings
CWET has filed a number of patents relating to both the construction and
operating techniques for the Tower. We believe these patent applications
provide enormous benefits and advantages to our Dual Renewable Energy
solution by creating an additional multiple to our power base during the
variety of atmospheric fluctuations in temperature, humidity and wind
direction over the course of a season. These applications are but the first
of many that we will file, focused on our leadership and value proposition
for producing clean renewable fuel resources.
On March 7, 2011, the Company announced the filing with the United States
Patent & Trademark Office "A Petition to Make Special Under Accelerated
Examination Program," a patent application titled Efficient Energy
Conversion Devices & Methods. The application covers specific aspects of
deploying multiple turbines in a wind tunnel coupled to a novel hydraulic
system capable of maintaining high efficiency hydraulic to electric
conversion under a wide variance of wind speeds. The ultimate goal is to
maximize the capture and utilization of all available wind energy in any
given wind tunnel, as well as providing a consistency of power output
during deviations in wind speed.
On May 3, 2011, the Company announced the filing with the United States
Patent & Trademark Office "A Petition to Make Special Under the Accelerated
Examination Program," a patent application titled Atmospheric Energy
Extraction Devices and Methods. The application covers the addition of
specific external design components, physical structure and systems that
both substantially enhances structural integrity of the Tower and captures
wind directly striking the external vertical surfaces of the downdraft
Tower from any direction, beyond those winds already induced into the
internal tube of the Tower, and also enhances slow moving air to create
downburst winds, substantially increasing total power generation of a
single Tower unit. A further description of all our patent filings appears
on our website www.cleanwindenergytower.com.
Dual Renewable Energy Resource
The various external design and physical structural components work
together to provide a Dual Renewable Energy Resource. The size of the Tower
creates a tremendous sail area with the prevailing winds pressing against
the Tower day and night. In order to stabilize the Tower, we designed
large fins that structurally flow all the way to the ground. Those fins
capture the prevailing wind and channel it down the side of the Tower into
separate wind tunnels which drive turbines and make electricity. The fins
take wind pressure loads off the Tower, making the Tower more structurally
sound while at the same time capturing the renewable energy. That means
we're making dual renewable energy from the exterior wind as well as the
downdraft wind created inside the Tower.
Location for First Tower
We are, right now, working on the first site for a Tower and have completed
the preliminary engineering for that location. We are performing and
evaluating additional engineering and atmospheric studies related to the
site and are hopeful that the results will provide us a suitable location
for our first Tower project.
Investor Relations
Our corporate website has been updated with a new Investor Relations ("IR")
section to better serve our shareholders and potential investors. The IR
section will provide updates and information on our stock price, press
releases, SEC filings, media coverage, and events and presentations. Feel
free to register to receive our newsletters and follow us on Twitter and
Facebook. Our IR contact is Mr. Jody Janson and he may be reached by
emailing ir@CWETower.com or by calling (855) 848-6937.
In closing, I am very excited about the progress we have made in such a
short period of time and would like to assure you that as an executive
team, we are keenly focused on the development and execution of our
Company's business plan. We invite you to watch for news regarding CWET's
growth and the continued evolution of our Company. I would like to thank
all of our shareholders for their support and commitment and look forward
to updating you on our progress. Should anyone have any questions, please
feel free to contact us anytime and we will be happy to speak with you.
Sincerely,
Ronald W. Pickett, President & CEO
Clean Wind Energy Tower, Inc.
About Clean Wind Energy, Inc.
Clean Wind Energy, Inc. a wholly owned subsidiary of Clean Wind Energy
Tower, Inc, is designing and preparing to develop, and construct large
"Downdraft Towers" that use benevolent, non-toxic natural elements to
generate electricity and clean water economically by integrating and
synthesizing numerous proven as well as emerging technologies. In addition
to constructing 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 clean water and
electricity. Clean Wind has assembled a team of experienced business
professionals, engineers and scientists with access to the breakthrough
energy research upon which this technology is founded and the proven
ability to bring the idea to market. Clean Wind has filed several patents
that the Company believes will further enhance this potentially
revolutionary technology. Clean Wind Energy, Inc. is based in Annapolis
MD, and is traded on the OTCBB under the symbol 'CWET'. Additional
information is available at the Company's website at
www.cleanwindenergytower.com or by calling (410) 972-4713.
Cautionary Note Regarding Forward-Looking Statements
Statements included in this release may constitute "forward-looking
statements" within the meaning of Section 27A of the Securities Act of
1933, Section 21E of the Securities Exchange Act of 1934, and as that term
is defined in the Private Litigation Reform Act of 1995. 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 net revenues 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).
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