SCOTTSDALE, Ariz., Nov 10, 2009 -- BUSINESS WIRE
 

GWS Technologies, Inc. (OTCBB:GWSC), an alternative energy company developing and marketing solar and wind-powered renewable energy products and solutions, announced today that it is working with Dominion Real Estate Investments, LLC to develop a 36-acre solar farm in Florence, Arizona. The project will cost approximately $28 million.

The company plans to install six megawatts of mono-crystalline fixed solar panels, as well as one megawatt of a concentrating solar power (CSP) system, as a beta test for use in the company's future projects. Fixed solar panels have no moving parts, collect sunlight and convert it into electricity, while CSP systems use lenses or mirrors and tracking systems to focus sunlight into a small beam which is concentrated onto a photovoltaic surface.

"This project would be one of the largest projects in Arizona and, in conjunction with other projects, gives us 40 megawatts under development, which positions us to be a leader in solar farm development in the Southwest," said GWS Technologies President Richard Reincke. "Forty megawatts generates enough electricity to provide power to approximately 12,000 homes," Mr. Reincke added.

The Arizona Corporation Commission has set renewable energy standards mandating that regulated utilities generate at least 15 percent of their power from renewable resources such as solar and wind by 2025.

About GWS Technologies, Inc.

GWS stands for GreenWindSolar. We are a renewable energy technology company developing and marketing solar and wind-powered renewable energy products and solutions. Our products and solutions are part of the new micro-generation movement that is transforming the way businesses and consumers provide for their energy needs. The company was founded in 2005 and is headquartered in Scottsdale, Arizona. Website: www.greenwindsolar.com.

Safe Harbor Statement:

Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. The forward-looking statements are subject to risks and uncertainties including, without limitation, changes in levels of competition, possible loss of customers, and the company's ability to attract and retain key personnel.

SOURCE: GWS Technologies, Inc.

News Provided By