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April 18, 2015 12:17 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Converde Energy USA Inc.

Company Overview

Converde Energy USA Inc., a development stage company, develops and applies renewable energy technologies to power systems. The company’s plasma assisted bio-mass to energy plants produces green energy in the form of sulfur-free diesel and electricity. The company was formerly known as W2 Energy, Inc., and changed its name to Converde Energy USA Inc. in September 2014. Converde Energy USA Inc. was founded in 1987 and is headquartered in Cambridge, Canada.

120-H Turnbull CRT

Cambridge, ON N1T 1H9

Canada

Founded in 1987

6 Employees

Phone:

519-800-7556

Key Executives for Converde Energy USA Inc.

Converde Energy USA Inc. does not have any Key Executives recorded.

Converde Energy USA Inc. Key Developments

Converde Energy Receives $2.4 Million Purchase Order from BCL Mining and Smelting

Converde Energy announced that it has received a $2,465,323.00 purchase order from BCL Mining and Smelting in Botswana, Africa to design, fabricate and install a demonstration plant that will use locally available coal to generate electricity and produce liquid hydrocarbon fuels. The plant will use Converde's clean coal water slurry product using a modified burner in a conventional boiler and the company's Steamray Engines to produce 1MW of power. The CWS unit will produce 30 tons per day of clean CWS of which 4.8 tons per day will be used in Converde's NT Plasmatron and turned into syngas and ultimately into liquid hydrocarbon fuel using the company's proprietary gas to liquids reactor and catalyst. The company has already executed and delivered the first phase of the project, which was a Basic Engineering Package that was delivered in December of 2014 and accepted by the customer. Converde was paid $150,000 for phase 1. For the following phase the company will be paid over the next 9 months every 2 months as per a predetermined cash flow plan. The target for a final delivery and commissioning is mid December 2015.

Converde Energy USA Inc. will Change its Ticker to XFUL from WTWO.D

Effective February 17, 2015, Converde Energy USA Inc. will change its Pink Sheets LLC stock ticker symbol to XFUL from WTWO.D.

W2 Energy Inc. will Change its Name to Converde Energy USA Inc

Effective January 20, 2015, W2 Energy Inc. will change its name to Converde Energy USA Inc.

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