Romana Food Brands Corp (RFBC)

[powerbattles]

New wave energy company WERPO targets the world

Wave Electricity Renewable Power Ocean (Werpo), a renewable sea wave technology firm, recently signed an MoU with the state-run Beijing Capital Group (BCG) who will exclusively represent Werpo in China. Indeed, Werpo hopes that this agreement will help promote its wave energy systems across China and its region.

Werpo is an Israeli company which was founded in 2014 by Daniel Naimi, an expert in hydraulics, electronic control and computerized systems. Last November, Werpo completed a reverse merger and split with Blackbird International Corporation, in connection with SDE Ltd. Werpo currently holds all the rights for SDE’s technology, property, IP’s (patents and so on), contracts and subsidiaries.

Werpo’s technology is based on the utilization of sea waves’ rise and fall to yield hydraulic pressure to produce electricity, while exploiting the potential of wave speed, height, depth and currents beneath the surface of the water.

The director of Werpo and inventor of its sea wave energy technology, Shmuel Ovadia, declared: “China is one of Werpo’s strategic locations, both due to the region’s vast expanse of oceans with the potential to supply enough energy for all of China and the surrounding countries, and due to growing environmental awareness in China.The cooperation with BCG is a major milestone for implementation of Werpo’s sustainable energy solutions.” Indeed, with a vast ocean surrounding its territory, and growing environmental and climate changes concerns, China represents a strategic location for Werpo.

Werpo's new representative, Beijing Capital Group is an influential large scale state-run enterprise. Its three core businesses are: financial services and investments ; urban infrastructure development, particularly with respect to water treatment, environmental infrastructure and highway construction ; and real estate.

The Israeli company also recently signed a joint venture with Seedsowers Investors and Developers in the Caribbean, with plans to expand its market into Latin America and South America regions.

Mr. Hugh V Jarvis, president and CEO of Seedsowers, will be Werpo's local representative in : Canada, Florida, Anguilla, Dominica, Grenada, Trinidad,Tobago and Suriname. Werpo and Seedsowers will erect a subsidiary and invest 5 million dollars into it.This investment capital is to be raised by Seedsowers over a period of 24 months. In addition, in the first stage of the agreement, both parties are committed to implementing a 2 MW plant in the allotted territory and expand this sea-wave energy project in the second stage of the partnership to a minimum of 5 MW.

http://www.marine-renewables-news.com/wave-energy/new-wave-energy-company-werpo-targets-the-world-0101