ANNAPOLIS, MD - March 7, 2011 (InvestorIdeas.com Newswire) - Clean Wind Energy Tower, Inc. (OTCBB: CWET) announced that the Company had filed 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.
John W. Hanback, Chief Technology Officer of CWET, stated, "We are extremely excited and positive about the application we submitted to the USPTO on February 25, 2011. As required our patent council diligently and extensively searched multiple patent data bases and resources as needed to present a comprehensive analysis as a basis for the patent examiners own due diligence and review. The technological concepts and applications claimed and embodied within this patent provide significant benefits toward enhancing the overall efficient power generation we will be providing our customers. We will continue to file multiple patent applications that are being readied, of which provisional patent applications already exist, under this beneficial accelerated review protocol."
Ronald W. Pickett, President and CEO of CWET, stated, "Clean Wind Energy Tower, Inc. continues to cultivate innovative technological imperatives in addition to our already advanced wind energy structural designs and enhanced power generation methodologies. We applaud the USPTO and our Government for waiving the petition filing fee, for cases based on critical claimed subject matter directed to energy, among other categories, within this accelerated format. To reiterate our CTO's statement, this application is but the first of many that we will file, focused on our leadership and value proposition for producing clean renewable fuel resources."
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.
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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