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.
About BCG:
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.
Forward-Looking Statements
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.
+1-858-381-4677
shareholders@werpo.us
SOURCE WERPO