Los Angeles, CA – November 30, 2017
- StockWatchIndex today is initiating coverage on Ocean Thermal Energy Conversion Corporation (OTE) (OTCQB:CPWR), a
project developer in the Renewable Energy sector that provides water systems for entire communities and large commercial facilities, supplying renewable energy without the use of fossil-fuels, on an economically sustainable level to large Global markets.
Fossil-Fuel-Free Generation of Energy
The Company is utilizing proprietary design and technology developed by its team of oceanographers, engineers and marine scientists, combined with proven Ocean Thermal Energy Conversion (OTEC) technology to design, construct, own and operate large scale OTEC facilities for entire communities. The Company's facilities will produce and deliver electricity, seawater air conditioning (SWAC) and potable water in many subtropical and tropical regions of the world, no fossil-fuel required. The Company plans to file five patents for its technology
Renewable Energy Market Estimated to Grow to $777 Billion
This may as well be our most important SWI Research Reports of 2017. We believe that Ocean Thermal Energy Corporation (OTE) can become the leading developer in this sector. OTE currently has eight (8) projects in the pipeline in different stages of development and has signed Memorandums of Understanding with U.S. and Domestic Governments and/or teaming agreements with large developers. B
ased on its exceptional team of experts with significant experience in the sector, w
e believe that OTE is well positioned to become the "Gold Standard" in the OTEC sector.
Advanced Stage of Research and Designs
Based on the advanced stage of its research and designs, OTE has signed a Teaming Agreement with Naval Group, Paris, France, has entered into confidential strategic alliance negotiations with a large U.S. firm and is working on a confidential Department of Defense project under a purchase order from a large US Defense Contractor. Accordingly, OTE expects to generate significant revenues over the next five (5) years. To support the Company’s efforts in the stock market, OTE plans to up-list to NASDAQ or NYSE, as soon as listing requirements can be met.
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements. Forward-looking statements may include, without limitation, financial projections, statements regarding the plans and objectives of the Company's management for future
operations and the development, regulatory approvals and commercialization of the Company’s
products or services. Such forward-looking statements are not meant to predict or guarantee actual
results, performance, events or circumstances and actual events may differ considerably. Factors
that may cause actual results to differ materially from any projections may include, without limitation,
the Company’s inability to obtain additional financing, delays in the development of its products,
the impact of significant government regulation in the Renewable Energy Industry, existing or
increased competition, results of arbitration and litigation, stock volatility and liquidity and the
Company’s failure to implement
the Company’s business plans or strategies. The Company and/or this Publisher assume no obligation to update any forward-looking statements to reflect any event or
circumstance that may arise after the date of this release.
Ocean Thermal Energy Corporation
Jeremy P. Feakins - CEO
800 South Queen Street
Lancaster, Pennsylvania 17603
Toll free: 877-964-6463