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August 01, 2016

Blackbird International Signed Agreement With Shahar Energy to Give Building Rights and the IP of Ocean Wave Technology in Exchange for Profit Share

TEL AVIV, ISRAEL--(Marketwired - Aug 1, 2016) -  Blackbird International Corporation (OTC PINK:BBRD), a global leader in renewable sea wave energy technology is pleased to announce that its fully owned subsidiary, Wave Electricity Renewable Power Ocean WERPO, has entered into a new agreement by which it is giving its building, patent rights and IP rights in exchange for a share in profits from projects Shahar will build on its own expense, BBRD will focus as well on new patents.

Shahar Energy is a renewable energy company that focuses largely on grid tied photovoltaic systems. WERPO has signed a deal with them that will allow Shahar Energy to fully pay for all the costs in building power stations around the world and raise the funding required for these large undertakings.

Shahar agreed to return 20% of the profits to Blackbird International. Initially with this new agreement a 5 MW power station will be built and following the construction and the success of the 5 MW power station a 10 MW station will be built. The 5 MW station that is expected to generate $3,486,840 in revenue with a gross annual profit of $2,963,814 of which 20% shall be paid to Blackbird International generating $592,762 annual revenues for the company. The 10 MW plant shall generate double the revenue.

Blackbird forecasts that Shahar will be able to build power stations that will generate revenues of $2 Billion USD over the next decade and which will provide Blackbird with $80 million in revenue.

Shmuel Ovadia, director at Blackbird and inventor of its proprietary sea wave energy technology, stated "We are very excited to bring the company to the next level that will generate great profits for our shareholders and start focusing on new patents as well in other areas for Blackbird."

"We are going to focus on technology that focuses on the friction of ships in the sea that can save 30% of the electric usage of these ships. We also are working on another patent that would create electric hydraulic and solar powered vehicles utilizing the friction of tires to create a car that will operate 90% on green energy and 10% on fuel. We are actively seeking investors who would invest in these patents."

http://m.marketwired.com/press-release/-2146856.htm

August 11, 2016

Shahar Energy forms Yam Pro Energy for WERPO wave projects

The owners of Shahar Energy, an Israel-based renewable energy company, have established Yam Pro Energy to drive forward the technology and wave energy projects recently acquired from the wave energy developer WERPO.

Yam Pro Energy, owned by Zeev Peretz and Laser Rothstein, will together with the engineering team work to complete the development of the wave energy system in order to carry out industrialization and commercialization activities throughout the world in the coming year, the company informed.

The systems will be set up in collaboration with the MER Group, an Israeli infrastructure engineering company, which will also be the contractor in some countries.

Following the initiative of the Government of Sri Lanka, the management met this week with Sri Lanka's ambassador to Israel, in order to establish an initial 10MW wave energy system in that country, in collaboration with the local power company.

The company is in advanced talks with major investment funds in Asia and the United States to promote wave energy projects, according to WERPO.

The management also met with IEC, Energy Electricity Authority and the Ministry of Infrastructure in Israel, who showed great interest in technology and supported the development of clean energy.

As reported earlier, WERPO, owned by Blackbird International Corporation (BBRD), sold its building, patent, and intellectual property (IP) rights to Shahar Energy in exchange for a 20% share in profits from the yet to be constructed projects.

http://m.tidalenergytoday.com/#newsitem-18427