TEL-AVIV, Israel, January 21, 2015 /PRNewswire/ --
WERPO (OTCBB: BBRD), a global leader in renewable sea wave energy technology, is pleased to announce a major milestone for the Chinese market. WERPO has signed an agreement with Beijing Capital Group (BCG), who will exclusively represent WERPO in China. WERPO believes that this agreement has vast potential in promoting WERPO's sea wave energy systems across China and beyond.
Shmuel Ovadia, director at WERPO and inventor of its proprietary sea wave energy technology, stated that "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". According to Mr. Ovadia the cooperation with BCG "is a major milestone for implementation of WERPO's sustainable energy solutions".
Steve Cole, NASA Headquarters and Leslie McCarthy, NASA's Goddard Institute for Space Studies, published that "2014 - warmest year in modern record". With global warming still a major threat, there is a greater emphasis placed on profitable and durable renewable energy systems. Sea wave energy is the only solution left for China - solar energy has been proven to be not economical and wind energy is not a possibility as harsh weather conditions would damage the wind turbines severely. These same harsh weather conditions only benefit production of energy from sea waves, as higher waves store more energy, and WERPO's system is equipped to handle such extremes.
In the cooperation between WERPO and BCG, both parties hope to aid in implementing sea-wave energy in China, assisting with its energy needs as well as creating jobs and making China a leader in the renewable energy sector. BCG will represent WERPO exclusively in China.
Through this new relationship with BCG, WERPO expects to achieve its expansion goals in China in the near future and see a real change in the energy sector in the region by introducing its unique technology.
Beijing Capital Group is a large scale enterprise under the State Owned Assets Supervision and Administrative Commission (SASAC) of the Beijing Municipal Government. Since its 1995 asset reorganization, Beijing Capital Group has established three core businesses: (i) financial services and investments, (ii) urban infrastructure development, particularly with respect to water treatment, environmental infrastructure and highway construction, and (iii) real estate.
Beijing Capital Group is an influential conglomerate with outstanding brand recognition throughout China. With various subsidiaries it plays a substantial role in the public, as well as private, markets in the region.
Beijing Capital Group is planning its future according to the strategic arrangements of Beijing SASAC. It has clearly defined its strategic position in increasing the competitiveness of its core businesses in financial services, real estate and infrastructure through international collaboration and operations, management innovation and structural adjustment. BCG is working with international strategic investors for more cooperation in China and abroad. It is speeding up efforts to establish modern corporate governance, attract talent and provide incentives at international standards.
About WERPO, sea wave energy technology:
WERPO, having received the rights for all of SDE Ltd's technology, property, know-how, IP (patents, et. al.), contracts and subsidiaries, is able to promote its sea wave energy solution in China.
WERPO's unique technology is based on the utilization of sea waves' rise and fall to yield hydraulic pressure that produces electricity, while exploiting the full potential of wave speed, height, depth and currents beneath the surface of the water. With this technology, chosen number one in its field by an independent team of scientists form PESWiki and also as one of the top 100 renewable energies (http://peswiki.com/index.php/Directory:S.D.E._Energy_Ltd.), WERPO can provide the best solution for China's energy needs.
WERPO holds a patent in China (patent nu. ZL 200980000308.3), and continues the work on finalizing the pilot plant with its local partners.
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.
For further information please contact:
Maximum Performance Advisors, Inc.