Ocean Power Ships First Stirling Test Unit to Statoil
EL DORADO HILLS, Calif., Oct 10, 2000 (BUSINESS WIRE) -- On Friday Oct. 6, 2000, Sigma, a wholly owned subsidiary of Ocean Power Corp., shipped the first Stirling engine test container for installation at the test site at Mongstad on the west coast of Norway.
After installation at the test site, operated by the oil company Statoil, the planned verification test will be started with natural gas as fuel.
This test program is the latter part of a 3-4 year co-operation project between Sigma, Statoil and SND (the Norwegian Governmental Development Fund).
For further information, contact: Joseph P. Maceda, president, Ocean Power Corp. at 916/933-8100, or visit Sigma's website at www.sigma-el.com .
The above statements in regard to Ocean Power which are not purely historical are forward-looking statements including Ocean Power's beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based on information available to Ocean Power as of such date. It is important to note that actual outcome and the actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties such as technological, legislative and marketplace changes.
CONTACT: Ocean Power Corp.
Joseph P. Maceda, 916/933-8100
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Opinion:
- This is the first move in OP's development strategy to commercialize the Sigma 3Kw unit. Statoil is the largest utility in Norway in addition to being one of the most profitable oil companies in the world. |
