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Corporate Objectives and Technology Status W2 offers a unique technology designed to harvest wind and water energy efficiently. The company was incorporated in June 2007 and since then has achieved significant progress in the development of its technology and corporate structure. The prototype engineering has evolved from a “proof of concept” model to a more advanced preproduction unit that allows for testing the extraction of wind force in relation to available wind energy. W2 Energy has the right to develop and market the founder’s WindWing and The WaterWing technology through an assignment of the intellectual property rights of US Patent #7632069 issued on December 15, 2009. The assigned technology, when fully implemented will substantially improve the efficiency of the way renewable wind and water energy are harvested, with significant gains anticipated in cost effectiveness as well. The overall focus of W2 is to provide an alternative for renewable energy collection; one that will be adaptable directly to multiple applications, especially those that may be more effectively powered without the use of electricity; e.g., pumping water, compressing gasses into liquids, and similar activities. The marketing plan for the distribution of the WindWing and WaterWing Technology is global. Initial planning for marketing will be on a regional basis with the establishment of licensed territories and applications wherein maximum quality control for produced units will be maintained. A key element of the plan is utilizing the availability of local manufacturing capability, support equipment and services and a local work force commensurate with the skills levels required. Historically, W2 was incorporated in June of 2007 as a “C” Corporation and operates, at present, within regulation “D” for private placement of stock. It has been recognized from the inception of W2, that introducing a new technological concept into an accepted and established competitive industry is a high risk undertaking. Nevertheless, realizing the need for greater efficiency in the harvesting and distribution processes, the founders of W2 adopted Henry Ford’s attitude toward industrial entrenchment. His vision was manifest in this quote "If I'd asked my customers what they wanted, they'd have said a faster horse." And that’s what he gave them except the “horses” he had in mind were in a different and more efficient form. In the renewable energy context of today, if we were to pose the question, the popular answer most likely would be “more and bigger wind turbines”. That is the reality for now and, as long as remotely-generated electricity is the norm for commercial and private consumption, wind turbines will be the accepted and major wind energy converters and will continue in that position for some time into the future. The probability is that the turbines are the horse and buggy solutions for today (albeit they are among the most magnificent accomplishments of contemporary engineering and financial structuring). Their limited efficiency (Betz limits, etc.) dictates increases both in size and numbers to achieve forecasted output capacity requirements and, thereby, the ensuing and increasing cost of manufacture, installation and maintenance mitigate the possibility of their longevity. Added to this is the increasing popular demand for greater separation from population centers. The consequence of such is a more complex distribution grid with the accompanying transmission losses and costs. The W2 technology represents a different and more efficient capture of energy with smaller units designed for specific areas in fewer numbers. The design of the multi-tiered WindWing system provides for more surface area to be in contact with the wind force. a higher energy harvesting potential exists in the more widely available lower velocity wind areas not useable by turbines. The WindWing technology is scalable and will provide output capacities to accommodate a greater range of applications closer to users who can incorporate the technology into their operations. It is a simple design comprising fewer moving parts and assures a significantly lower capital investment to manufacture and install. Maintenance costs will be commensurately lower, noise will not be a factor, bird destruction and other negative environmental issues will be benign. Technologies such as ours will be supplements, not replacements, for wind turbines during the time they need to develop and create a new industry– just as the automobile did for transportation. It took about two generations for those changes to be implemented and accepted. It will take less in today’s technologically advanced intellectual environment. W2 advocates starting the process now. The WaterWing is designed with the same concepts as the WindWing but its domain will be streams, rivers, aqueducts, and contained vessels like large water pipelines. The engineering will be substantially different because of the water environment. however, since water is 800 more dense than air, and derives its flow force from gravity, the greater energy in flowing water will be extracted with smaller scale installations with slower but more predictable and consistent flow rates. Rotating equipment under water is counter-indicated For example, the WaterWing, placed in the main California aqueduct, which at approximately 230 miles long could easily accommodate hundreds of the WaterWing insertion points for specialized applications as well as electrical power generation. The WaterWing like WindWing will have this dual capability to provide power in the form needed where it is needed and in the amount needed for a variety of direct use applications. While the worldwide global market revenue potential and growth rate for The WaterWing have not been established, we believe the opportunity to be significant, We have not formulsted any revenue projections from The WaterWing technology at this point but we anticipate revenue potential being greater than that from wind. W2 is accepting the renewable energy challenge and is attempting to start the process now. It is exploring and introducing new ways to unify the fragmented efforts being expended in the industry; new ways that will be designed to fit into an evolving, coordinated system for capturing and utilizing the abundance of renewable energy in wind, water and other natural resources. |
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