Sea Wave Power Plant No' 2 to China

Sea Wave Power Plant No' 2 to China PR Newswire TEL AVIV, Israel, August 20, 2012 TEL AVIV, Israel, August 20, 2012 /PRNewswire/ -- SDE has signed an export agreement to sell sea wave power plants for a total sum of 1.2 million U.S. Dollars. SDE is in the final stages of building the second power plant in a series of 3 power plants that will be built on Chinese soil. The deal that SDE signed with their local partners is worth a total of 1.2 million dollars. The 150 kW sea wave power plants will be installed in the province of Guangzhou, in the city of Dong Ping. The power plant will be manufactured in Israel, except the buoys part of the system that will be assembled in China. The third model will be a 500Kw power plant that will be executed in Guangzhou in the nearest future. thThis 150 Kw power plant would be the 12 power plant SDE is constructing over all, and the 2ed one that will be assembled in China. The Company also has a large module of its unique system in its factory in Israel that stimulates wave movement and electricity production using a hydro-pneumatic system. The company has started 16 years ago, by the inventor of the system and acting CEO of the company today, Mr. Shmuel Ovadia. Ever since it was founded, SDE has built 11 power plants of its unique technology, and has established 11 JV with local partners around the world, including in countries such as: Chile, Mexico, Tanzania, Kenya, and of course China.