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The Company owns proprietary software programs it developed to compute the output data of the Tower
but it takes time to evaluate any changes. For example: data points in the 2,250 tall Tower that ranges
up to 1,500 in diameter are located every 2 meters apart vertically and 4 meters apart horizontally. A
full tower analysis runs over 150,000 iterations. That translates into nearly 100 hours of non-stop
computing on the dedicated computer. As we near the final design it is imperative that the conclusions
reached will be verifiable to support the due diligence that will be required to close financing for the
project.
The potential licensee for our Tower solution in Kenya, Africa is aggressively pursuing his project. The
Company is now in contact with them several times a week. In order for the Kenya Tower Project to
move forward with Company support it will be necessary for the developer to execute a definitive
agreement for a Kenya license and pay the Company a license fee. Our business model includes a one-
time license fee for a territory ( in this case Kenya), development fees for support during construction,
and an annual royalty fee for 20-25 years based on the number of kilowatt hours produced.
On March 27 we announced that SWET had established a new company, Solar RePurposing Systems
LLC, to pursue using our downdraft Tower energy solution to retrofit existing abandoned smoke stacks
and that an industry consultant had been engaged to direct us into the market. At this time we can report
that initial discussions have been received very positively and we are pursuing meetings regarding a
targeted site for a potential first project.
The Company prepared the three 10Qs due for 2016 and submitted them to our auditors two weeks ago
for review. The company plans to file each 10Q as soon as the auditor completes its review.