Project Seanergy Foundation

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After Alstom earlier this month, another manufacturer in June is announcing that it is ready for certification with a mature product.

PENNINGTON, N.J., Jun 11, 2009– Ocean Power Technologies, Inc. ( NASDAQ:OPTT and NASDAQ:London NASDAQ:Stock NASDAQ:Exchange NASDAQ:AIM: OPT) (“OPT” or “the Company”) is pleased to announce that it has reached two major manufacturing milestones in the development of the Company’s flagship PB150 PowerBuoy(R), which is to be ready for deployment at the European Marine Energy Centre (EMEC) in Scotland by the end of 2009…..

…..Jim Mather, Scotland’s Minister for Enterprise, Energy and Tourism, said: “Scotland boasts a quarter of Europe’s wave and tidal resource and we are leading the way in developing marine renewables through the world’s only accredited wave and tidal testing centre, the European Marine Energy Centre in Orkney. I am delighted that Scottish Government support is helping to advance the in-ocean demonstration of what will be the world’s largest wave energy device using buoy technology. This is just one example of the huge economic potential that making Scotland a world leader in renewables can bring.”

Source: http://phx.corporate-ir.net/phoenix.zhtml?c=155437&p=irol-newsArticle&ID=1298192&highlight=.

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Project SEANERGY Foundation’s vision is the development of the Arctic Passage by full-spectrum implementation and use of green energies — mainly hydrogen — to create the modern worlds First Green Industrial Zone.

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