Replies to post #595 on Ocean Power Technologies Inc (OPTT)

[TechKim]

Lockheed Martin speech yesterday by Marilyn Hewson mentions Victorian Wave Partners of Australia (OPTT) agreement that was signed.



"We’re also excited about wave technology to generate electricity. Wave power devices extract energy from the surface motion of ocean waves.

Unlike wind and solar sources, energy from ocean waves is predictable and can generate electricity for more hours in the year than wind and solar.

We recently signed a contract with Victorian Wave Partners of Australia to begin developing the world’s largest wave energy project to date."

LINK TO SPEECH
http://www.lockheedmartin.com/us/news/speeches/060914-hewson.html


Note:Victorian Wave Partners Ltd. is an Australian special purpose company owned by Ocean Power Technologies Australasia Pty Ltd.