Business
Ocean Thermal Energy Corporation (OTCQB: CPWR) Company Update
Ocean Thermal Energy Corporation (OTCQB: CPWR) Company Update.
About this update from Ocean Thermal Energy Corp.
[{"type":"text","content":"LANCASTER, PA / ACCESSWIRE / May 6, 2019 / Ocean Thermal Energy Corporation ("OTE" or the "Company") (OTCQB: CPWR), a renewable energy power plant and seawater cooling technology developer for Ocean Thermal Energy Conversion (OTEC) and Seawater Air Conditioning (SWAC), today is pleased to release an updated Corporate Deck and the following shareholder update:May 6, 2019Dear Ocean Thermal Energy Corporation Shareholders and Supporters,More than a billion people around the world do not have access to electricity and more than 2.8 billion people in 48 countries will face water stress or conditions of scarcity by 2025. By the middle of this century, this number will have reached almost 7 billion. Globally, 2.4 billion people live without access to improved sanitation.For children, the chances of survival dwindle in the absence of these essentials. Every day, 6,000 children die of water-related diseases. Young children are the first to get sick and die from waterborne and sanitation-related illnesses-including diarrheal diseases and malaria.Our Company and its investors have a clear vision: commercialize Ocean Thermal Energy Conversion (OTEC), a proven technology producing fossil-fuel free energy and an abundant water supply solution. OTEC technology will benefit future generations through sustainable growth, both profitably and responsibly, while inspiring affordable, sustainable living. OTEC does not emit carbon dioxide. It uses the temperature difference in the ocean to produce electricity and water. Energy and water from OTEC will never run out as long as the sun heats the ocean. To meet the goals of our vision, our staff has dedicated themselves to researching and developing OTEC systems. Milestones reached will help advance our mission to introduce our technology worldwide: Researched and developed methods to improve both OTEC technology and water production opportunities Signed a large seawater contract and completed preliminary designs for a Bahamian resort developer Publicized and introduced the merits of our renewable energy and potable water solutions to many different countries worldwide Conducted an in-depth study and presented the use of our technology for the US Virgin Islands Provided critical support for a US DoD energy project Entered into partnership arrangements with world-class US and Internat...