WASHINGTON, April 23 /CNW/ - Finavera Renewables Inc. (the Company) (TSX-V:FVR) advises that CEO Jason Bak will be making a presentation to a United States Congress Joint Subcommittee Oversight Hearing. The Subcommittee Hearing titled "Renewable Energy Opportunities and Issues on the Outer Continental Shelf" includes the House Subcommittee on Fisheries, Wildlife and Oceans, and the House Subcommittee on Energy and Mineral Resources.
Mr. Bak's testimony before the Joint Subcommittee Hearing on April 24th will focus on the potential of wave energy in the United States.
What: Finavera Renewables CEO to address US Congress Natural Resources Subcommittees
When: Tuesday, April 24, 2007, 2:00pm Eastern.
Where: Room 1324 Longworth House Office Building, Washington, DC.
View: The presentation will be streamed online at: http://resourcescommittee.house.gov.
About Finavera Renewables Inc. (www.finavera.com)
Finavera Renewables Inc. is dedicated to the development of renewable energy resources and technologies. The Company's objective is to become a major renewable and green energy producer by developing and operating its assets in the wind and wave energy sectors. Finavera Renewables Inc. is developing the patented 'AquaBuOY' wave energy converter, a device that is based on proven and sustainable buoy technology. The Company is developing wave energy projects for AquaBuOY use in the United States, Portugal, South Africa and Canada. The Company is also developing wind energy projects in Canada and Ireland. In Ireland, two wind projects are being developed with a potential capacity of 175MW and in Canada, 18 potential wind projects are being developed with a potential capacity exceeding 1500MW. Data collection and environmental studies have commenced at a number of sites in both countries.
On behalf of the Board of Directors,
Jason Bak
CEO, Finavera Renewables Inc.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Statements in this news release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute Forward-looking statements. Such statements represent management's conclusion based on numerous assumptions and are subject to all the risks and uncertainties inherent in the Company's business, including development risks. Further information concerning such risks is set forth in the Company's disclosure, including its MD&A. Consequently, actual results may vary materially from those described in the Forward-looking statements.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this release.