TEL-AVIV, Israel, December 15, 2014 /PRNewswire/ --
WERPO (OTC BB:BBRD) - is announcing its newest addition to the team - Mr. Uri Ben-Noon, Formerly CEO of the Israel Electric Company [IEC] and Ex-Chairman & CEO of the chemical conglomerate Dead Sea Works Ltd.
WERPO has officially added Mr. Uri Ben-Noon to its team of experts, as an external adviser. Mr. Ben-Noon was formerly CEO of the Israel Electric Company [IEC] and has vast experience in all elements concerning energy projects. Mr. Ben-Noon was also a Chairman & CEO of the chemical conglomerate Dead Sea Works Ltd. and in this capacity he has gained expertise particularly useful to the promotion and success of WERPO's unique sea wave energy system.
Mr. Shmuel Ovadia, Director of WEPO, expressed his confidence that Mr. Ben-Noon will add his vast experience to the promotion of the company's sea wave energy solution: "I believe Mr. Ben-Noon is a wonderful addition to the team. He will assist us in the completion of our sea wave energy projects around the world; his experience will be a great asset to the completion of orders WERPO has, with potential revenue of several Hundred Million Dollars."
About Wave Electricity Renewable Power Ocean (WERPO)
WERPO was erected in 2014 to take on the public shell of BBRD in the OTC market, and this in order to promote its unique sea wave energy system. The technology developed by its affiliate, SDE Ltd, is based on the utilization of sea waves to yield hydraulic pressure that produces electricity while exploiting the full potential of wave speed, height, depth, rise and fall, and currents beneath the surface of the water. Energy density in waves is high compared with other renewable energy sources such as wind power and solar power. Over a year, the energy output is approximately 3 times that of solar or wind technology.
Results and experimental fieldwork conducted in Israel and abroad indicate that the energy production from sea waves by SDE's technology cost of 2-6 cents for 1KW, a significantly lower cost compared to other renewable energy technologies (for example, wind energy - 12 cents, Solar Energy 16 cents). In addition, SDE's technology allows an annual output of 65% - significantly higher yield compared to other renewable energies (wind energy - an annual output of 24%, solar energy an annual output of 22%).
Under the development of SDE the system attained patents worldwide, as well as patents pending and was even chosen number one in the world in its field by an independent team of scientists (PESWiki). Currently WERPO holds all rights to SDE's technology, IP, contracts, subsidiaries and so on. In this manner, WERPO hopes to spread this unique sea wave energy solution around the world, aiding those regions most in need.
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
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Maximum Performance Advisors, Inc.