Blackbird International Is in Advanced Discussions to Erect a Manufacturing Plant and Major Power Stations in India

Oct 28, 2015, 08:00 ET from Blackbird International Corporation

TEL-AVIV, Israel, October 28, 2015 /PRNewswire/ --

Blackbird International Corporation (PK: BBRD), a global leader in renewable sea wave energy technology, is pleased to announce a major milestone for the company.

It's fully owned subsidiary, Wave Electricity Renewable Power Ocean WERPO was invited to meet the Indian Government in Gujarat, a State in Western India with a population of 60 Million.

Israel Enden from WERPO traveled to its capital, Ahmadabad and met the Cabinet Minister of Energy with his personnel and they have great interest in implementing WERPO's technology to their state.

They introduced WERPO to GEDA, India's Government agency dedicated to exploring new technologies in the renewable energy sector. The directors of the Institute are planning a trip to examine the WERPO power station model at WERPO's headquarters in Tel Aviv. They expressed the interest to implement its technology all over India's market of 1.1 Billion potential customers.

Most importantly, WERPO has also met investors in India who are willing to fund this technology and would like to set up a WERPO subsidiary in India to start building power stations. Construction would start in Gujarat with a 10 MW power station and eventually expanding all over India.

The cost to build a power station is one million dollars per MW and the maintenance is one-two Cents per KW. The selling price of 10 Cents per KW is much cheaper than all other renewable energies available today. This type of clean energy has potential for enormous profit margins.

Shmuel Ovadia, director at WERPO and inventor of its proprietary sea wave energy technology, stated, "India is one of WERPO's strategic locations; it has the potential to supply enough energy for all of India due to the region's vast expanse of ocean. This is most important since there is a growing demand of energy in India."

About Blackbird International Corporation 

Blackbird International Corporation (http://www.werpo.us) is the sole shareholder of Wave Electricity Renewal Power Ocean Ltd (WERPO).

About WERPO: 

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. This technology was chosen number one in its field by an independent team of scientists form PESWiki and also as one of the top 100 renewable energy systems. (http://peswiki.com/index.php/Directory:S.D.E._Energy_Ltd.).

WERPO also holds a patent in China (patent nu. ZL 200980000308.3), and continues the work on finalizing the pilot plant with its local partners.

For information on WERPO's activities, follow them on:

Twitter- @SDEenergyLTD

Facebook- http://www.facebook.com/WaveElectricityRenewablePowerOcean

LinkedIn- http://www.linkedin.com/company/werpo-wave-electricity-renewable-power-ocean

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. 


Investor Relations Contact:
High Point Communication, Inc.
+1-858-381-4677
shareholders@werpo.us


 

SOURCE Blackbird International Corporation