PR OUT TODAY: WERPO's Work in China - TEL AVIV, Israel, September 24, 2014 /PRNewswire/

http://finance.yahoo.com/news/werpos-china-104100864.html

In the last few years we are witnessing a significant rise in demand for green and renewable energy systems. In light of global warming, desertification, typhoons, floods and other disasters, all around the world people have come to understand that we can no longer continue producing energy by contaminating the environment and that there's an urgent and essential need to develop sustainable alternatives.

Sea wave energy is the only solution left for China - solar energy has been proven as not economical and wind energy is not a possibility as 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.

The energy market has two elements - financial and ecological. Fuel prices have gone up in the past couple of years by about 1000% and OPEC countries are absorbing all the cash reserves. The results of this can be seen in the financial crises in Europe and the US, yet conventional power stations keep being erected to keep up with the high demand for power. Not only are these plants not aiding the economy they are detrimental to the environment. Fuel burning pollutes the air and the harmful effects of this are experienced in China every day. Therefore, to our knowledge, the government decided to cut down on fuel burning and dismantle 30% of the conventional power plants. However, this decision, without a proper recourse to supply the lost power will end up doing more harm as local businesses and the like will use private generators that have no filters and so harm the environment even more. This is why we believe introducing sea wave technology is the only solution left for China today.

WERPO, having received the rights for all of SDE Ltd's technology, property, know-how, IP (patents and so on), contracts and subsidiaries, has thus taken control of SDE's endeavors in China. SDE's patent in China has been authorized this year, patent nu. ZL 200980000308.3 and this in addition to further work by SDE in China on a pilot project as part of a larger project with the Chinese government.

SDE shipped to China a second power plant producing electricity from sea waves, according to an agreement of $0.8M. A new agreement of $1.2M was signed under which SDE will construct two additional power plants of 500kW each. The power plant was built in Israel except of the buoys that will be built in China by the local company owned by the partnership 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, located 30 km from Guangdong region. The power plant is capable of producing 150kW per hour comparing to the next power plant that will be installed on this island, producing 500kW per hour, which is already under construction in Israel.

This 150 kW power plant would be the 12th power plant SDE is constructing in total, and the second one that will be installed in China with local Chinese partners. The power plant was developed and engineered in an environmentally friendly manner, beside to the fact that electricity is produced without any Environmental pollution.

The Company also has a large module of its unique system in its factory in Israel that stimulates wave movement and electricity production using the hydro-pneumatic system.

S.D.E.'s 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 1 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.), we can provide the best solution for the current energy crisis.

China especially needs the implementation of SDE's technology due to the very high infection rates. As published in the "TIME" magazine", "Linfen" and "Tianying" are the most Contaminated Chinese cities worldwide. 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 like solar, wind and wave energy.

For more information please contact us at info@werpo.us Tel: +972-3-6319239


BBRD