NEW YORK, Feb. 24, 2011 /PRNewswire/ -- Magnuss, LLC will present at CleanEquity Monaco 2011; the conference is on March 3rd & 4th at the Sporting d'Hiver, Monaco.
Magnuss, LLC was included, by expert selection, as one of the world's most inspiring cleantech companies, to present to industry-specific, senior financial and strategic investors, policy makers, legislators, end users and media.
Magnuss, LLC is a leading renewable energy ship propulsion technology firm that develops onboard systems designed for today's global shipping fleet. Magnuss not only affords a sustainable competitive cost advantage for owner/operators in the worldwide shipping market, but also helps these organizations meet the needs of increasing environmental legislation. The Magnuss suites of proprietary technologies generate financial value through increased fuel savings and emission reductions. The firm's chief product, the Magnuss VOSS (Vertically-variable Ocean Sail System) is a mechanical sail -- a rotating cylinder installed on a ship that converts wind power into forward thrust, employing a principle of physics called the Magnus Effect. Using the VOSS, fuel consumption can be cut by up to 50%. Payback for an owner is expected to be 2-3 years depending on vessel type, wind conditions and fuel price. Virtually all existing cargo vessels and new builds can be retrofitted or outfitted with the Magnuss VOSS wind propulsion system.
Innovator Capital, the London specialist investment bank, hosts the annual invitation-only event. CleanEquity Monaco's regional host is the Monaco Chamber of Economic Development.
Other local partners include Prince Albert II of Monaco's Foundation, the Monte Carlo SBM, and the Stelios Philanthropic Foundation. Collaborators for the 2011 event include The United Nations (UNEP Fi), Covington and Burling, PR Newswire, The Carbon War Room, Invest Securities, 21 Ventures and Biocode Incubation.
SOURCE CleanEquity Monaco