Sensing Ocean Energy of Spain (ES) Δ 3rd of January 2014 Ω 6:00 AM

ΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞ
~ Ocean Power Technologies Project ~ sense for Ξ ~ sense for Ξ	~ sense for Ξ ~ sense for Ξ ~ sense for Ξ	~ sense for Ξ ~ sense for Ξ ~ sense for Ξ
~ sense for Ξ ~ sense for Ξ ~ sense for Ξ	~ sense for Ξ ~ sense for Ξ ~ sense for Ξ	~ sense for Ξ ~ sense for Ξ ~ sense for Ξ
~ sense for Ξ ~ sense for Ξ ~ sense for Ξ	~ sense for Ξ ~ sense for Ξ ~ sense for Ξ	~ sense for Ξ ~ sense for Ξ ~ sense for Ξ
~ sense for Ξ ~ sense for Ξ ~ sense for Ξ	~ sense for Ξ ~ sense for Ξ ~ sense for Ξ
«Ocean Energy Sensing	Θ	Θ
ΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞΞ

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

~ Ocean Power Technologies Project

»Spanish Ministers Applaud Ocean Power Technologies Project
ξ Ocean Power Technologies hosted a Ministerial visit by leading Spanish government officials to its facility in Santander, Spain
ξ to highlight the final assembly and testing of the PowerBuoy,
ξ which is to be installed about 5 miles off the coast of Santander in the Cantabrian region of northern Spain
ξ the Cantabrian Minister for Industry and the Cantabrian Minister for Environment
ξ a number of senior officials from the Spanish Federal Government, including the head of the energy agency IDAE
ξ OPT's project partners Iberdrola, the Spanish utility, and Total S.A., the French oil group
ξ viewed the power take-off system undergoing its final test program,
ξ following its assembly and shipment from OPT's New Jersey facility in the USA
ξ PB40 wave energy converter was fabricated at a local supplier in Santona, Spain
ξ milestone under the Engineering, Procurement and Construction (EPC) contract for an OPT wave power station in Spain
ξ using the Company's patented PowerBuoy technology
ξ the current EPC contract is for the 'turnkey' construction and installation of the first PB40 PowerBuoy system,
ξ subsea power transmission cable and underwater substation and grid connection
ξ OPT also will be responsible for the operation and maintenance (O and M) of the wave power station for up to 10 years through an O and M agreement signed in 2007
ξ with Iberdrola S.A. as its major shareholder, a special purpose company was established in Spain
ξ to purchase the power station from OPT and enter into the EPC and O and M contracts
ξ other shareholders of the new company include Total S.A., OPT, the industrial development agency of the Spanish region of Cantabria,
ξ Sodercan, and the energy agency of the government of Spain, IDAE
ξ Mark R. Draper is the Chief Executive of Ocean Power Technologies Ltd.
ξ the PB40 is designed and built by a multi-national team
ξ it incorporates a number of engineering advances for enhanced output and survivability

»Ocean Power Technologies
ξ New Jersey, USA

select: ~[content] ~[next]!

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

~

select: ~[content] ~[previous] ~[next]!

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

~

select: ~[content] ~[previous]!

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Small & Smart Inc reserves rights to change this document without any notice
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~