WTWO
W2 Energy, Inc. (OTC: WTWO) is pleased to announce they have taken possession of laboratory space near Texas A&M University for the development and manufacturing of its FT Catalyst and Liquid Fuel Reactor.
The new laboratory will produce and provide 3rd party testing for both of W2 Energy's FT Catalysts. Initially, the lab will use natural gas as the primary feedstock, converting it into ultra-low sulfur diesel, gasoline and JP8 jet fuel. After the natural gas system is working and tested W2 Energy will use both coal and biomass as feedstock.
Plans calls for Dr. Eliasu Teiseh to run their new Texas laboratory. His experience in both engineering and renewable energy will provide the expertise W2 is looking for with this type of facility. W2 Energy has already taken possession of the space and Dr. Teiseh, who has been under W2 Energy's employment for the last 3 months, is spearheading the development of the laboratory which has already begun construction of a pilot gas to liquids reactor in order to develop and fine tune our FT catalyst technology.
Previously, on April 04, 2012, the Company announced its plans to develop a state of the art laboratory in Cantonsville, MD. However, due to changes in W2 Energy's corporate infrastructure and the vision of the Company, geographical changes were found to be necessary in order to expedite the facilitation of the laboratory.
The new facility's location is located 3 miles from Texas A&M and is considered an optimum location for the laboratory since Dr. Teiseh did all his thesis work on FT catalyst development and advanced gas to liquid catalyst, while obtaining his PhD in Engineering from the University.
In other related news, W2 Energy has opted to close its Maryland office and has parted ways with David Freund, W2 Energy's VP of Business Development.
Mike McLaren, President and CEO of W2 Energy, stated, "As W2 Energy prepares to enter into the manufacturing stage of development, several changes have been necessary in order for us to ensure the vision and success of our operations. Because of this, we have decided to part ways with David Freund our previous VP of Development. We are grateful for all his previous efforts and wish him the very best with his future endeavors." He also stated, "We are extremely pleased with the work Dr. Teiseh has already preformed for us and look forward to his future success with the development and manufacturing of our technology."
