Romana Food Brands Corp (RFBC)

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Jan 26, 2015 Israeli firm WERPO (OTCMKTS:BBRD) has set a goal to install more than 600 sea wave power generators along the Chinese coastline, an official told SeeNews Renewables on Monday.

Last week, WERPO said it has signed a deal that makes Beijing Capital Group (BCG) its exclusive promoter on the Chinese market. The Israeli firm hopes to “eventually” establish 25 joint ventures in China with each one having 25 wave power devices, a company representative said on behalf of Shmuel Ovadia, inventor of the technology used by WERPO.

The wave power expert is proceeding according to schedule in its efforts to seal project contracts, the representative added.

WERPO, which stands for Wave Electricity Renewable Power Ocean, holds the intellectual property, technology, know-how and contracts previously associated with Israel-based sea wave power firm SDE Ltd. The company said in a November interview with SeeNews Renewables that it plans to install its devices in small west African countries such as Guinea, Guinea-Bissau and Gambia. It is also present in China, Kenya and Sri Lanka.

http://renewables.seenews.com/news/werpo-to-install-over-600-wave-power-devices-in-china-460160