OAKVILLE, ON, Canada, via ETELIGIS INC., 11/19/2014 – – Blackbird International Corporation (OTC Pink: BBRDD) (PINKSHEETS: BBRDD), is pleased to announce that its fully owned affiliate , Wave Electricity Renewable Power Ocean (WERPO), having received the rights for all of SDE Ltd’s technological property, patents, expertise and contracts has taken control of SDE’s endeavors in China.
It has been authorized to further work with the Chinese government on a pilot project as part of a larger effort.
A second power plant producing electricity from sea waves has been shipped to China according to an initial agreement of $0.8M. Another Agreement of $1.2M was signed by which two additional power plants of 500kW each will be fabricated. The power plants are built in Israel except for the buoys that will be built in China by a local company owned by the partnership of WEPRO and the Chinese government as a main share holder. The power plant will be installed in Hainan Island, which is the biggest island in China and located 30 km from the Guangdong region. The power plant is capable of producing 150kW per hour.
China especially needs the implementation of WERPO’s technology due to the very high rates of pollution. The World Bank reported that 16 of the 20 most polluted cities in the world are located in China. Therefore the Chinese government made it a top priority to reduce pollution by using renewable energy sources.
About Wave Electricity Renewable Power Ocean (WERPO)
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. Scientists from around the world claim that using 1% of wave energy can provide the equivalent electricity of 500 times the world energy consumption. 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%). One added benefit of the technology, says the company, is that it bears low production costs of 2 cents per kilowatt-hour only, though governments are willing to pay between 8 and 44 cents per kWh for use of the system.
One added benefit of the technology, says the company, is that it bears low production costs of 2 cents per kilowatt-hour only, though governments are willing to pay between 8 and 44 cents per kWh for use of the system.
SDE was selected by a team of international scientists as number one in the world in Sea Wave Energy Technologies, numbers six in Tidal Energy and River Energy, and was ranked as one of the Top 100 Clean Energy Technologies. SDE had been invited to Ecuador by the minister of renewable energy and electricity to come and introduce its unique technology. Ecuador has special interest in building Sea Wave power plants in different protected fragile sites around the Galapagos Island such as Isla Santa Cruz, Isla Isabela, Isla San Cristobal, Isla Baltra and Isla Floreana.
The Israeli company with its proven track record of installations across the globe has several projects around the world with government entities as well as with the private sector. SDE has established 11 joint ventures with local partners in 9 different countries including a second project in China.
About Blackbird International Corporation
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.
Wave Electricity Renewable Power Ocean
SOURCE: Blackbird International Corporation