TEL-AVIV, Israel, May 28, 2015 /PRNewswire/ --
Blackbird International Corporation (OTCBB: BBRD), a
global leader in renewable sea wave energy technology, is pleased
to announce a major milestone for the company. Its fully
owned subsidiary, WERPO, together with Beijing Capital Group (BCG)
which represents WERPO in China,
are in discussions with one of the most important electric
companies in China for the purpose
of building a very large infrastructure for ocean powered
generators to produce clean and efficient electricity. WERPO
concludes that this agreement has great potential in promoting
WERPO's sea wave energy systems across China as well as a model for the entire
region.
WERPO has initially proposed to build a 100 MW Power Station
which should generate approximately $25
Million in annual revenues.
Shmuel Ovadia, director at WERPO
and inventor of its proprietary sea wave energy technology, stated,
"China is one of WERPO's strategic
locations; it has the potential to supply enough energy for all of
China due to the region's vast
expanse of ocean. This is most important since there are growing
environmental concerns in China."
As Bloomberg pointed out in a recent
article, "World Energy Consumption to Increase 56% by 2040,
led by Asia." China has already surpassed the U.S. for
energy use since 2010.
In promoting renewable solutions, China must turn to sea wave technology to
supplement the energy lost from shutting down conventional and
nuclear-based power plants.
The Global Status Report, released by the Renewable Energy
Policy Network for the 21st Century, said China invested more in renewable energy than
all of Europe did in 2013. New
renewable power capacity surpassed new fossil fuel and nuclear
capacity in China for the first
time.
In 2013, China's investment in
renewable energy was $56.3 billion,
accounting for 61 percent of the developing-country investment in
renewables.
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 Blackbird International Corporation