TEL AVIV, Israel, January 26, 2015 /PRNewswire/ --
WERPO (OTCBB: BBRD) is announcing its partnership with SEEDSOWERS INVESTORS AND DEVELOPERS CO. in the Caribbean and Americas, with possible further expansion.
WERPO signed the final JV (Joint Venture) agreement with SEEDSOWERS. Mr. Hugh V Jarvis, president/CEO of SEEDSOWERS, will be WERPO's local representative in the following territories of the JV: Canada, Florida (US), Anguilla, Dominica, Grenada, Trinidad, Tobago and Suriname. In the first stage of the JV, 5 million dollars will be invested into a subsidiary of WERPO and SEEDSOWERS, yet to be erected. This investment capital is to be raised by SEEDSOWERS over a period of 24 months. In addition, in the first stage of the agreement, both parties are committed to implementing a 2 MW plant in the allotted territory and expand this sea-wave energy project in the second stage of the partnership to a minimum of 5 MW.
Wave energy is one of the most underused resources we have available to us today and in the Caribbean and Americas this is glaringly obvious. WERPO's and SEEDSOWERS' goal is to utilize this resource and save the region from future destruction stemming from fuel burning.
SEEDSOWERS INVESTORS AND DEVELOPERS CO. Ltd is a trading and investment company, based in Antigua & Barbuda. They operate through partnerships with various contractors in a vast array of projects, including water supply and treatment, housing construction and development, energy and more. Mr. Hugh V Jarvis, president/CEO of SEEDSOWERS, has been in close contact with WERPO's representatives and will continue to be WERPO's focal contact in the territory allotted for the duration of the JV. This partnership will rely on SEEDSOWERS connections with governments and local businesses to facilitate the implementation of WERPO's sea wave energy solution.
SEEDSOWERS will ensure WERPO's projects in the region will stimulate the local economy - utilizing the local economy is imperative and job creation is another goal, alongside supplying clean energy.
About WERPO, sea wave energy technology:
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 around the world.
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. With this technology, chosen number one in its field by an independent team of scientists from PESWiki and also as one of the top 100 renewable energies (http://peswiki.com/index.php/Directory:S.D.E._Energy_Ltd.), WERPO can aid the prevention of future global disasters.
WERPO's system is unique in its durability and low maintenance costs, making it the best possible solution for a renewable energy source.
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.
For further information please contact :
Maximum Performance Advisors, Inc.