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SDE Constructs Second Power Plant in China

December 5, 2012

TEL AVIV, Israel, December 5, 2012 /PRNewswire/ –

SDE [http://www.sde-energy.com ] builds and constructs sea
[http://www.youtube.com/watch?feature=player_embedded&v=aKRLEjQKctY ] wave power plants
[http://mendocoastcurrent.wordpress.com/2008/07/26/more-on-israeli-company-building-wave-energy-plants-in-china ]
, lately shipped a second sea wave power plant to China, according
to an agreement of $0.8Mil. Recently a new agreement of $1.2Mil was signed under which SDE
will construct two additional power plants of 500kW each. The partnership registered a
local Chinese company with the Chinese government as a main share holder, to build sea
wave power plants along the Chinese coast line.

SDE shipped to china a second power plant producing electricity from sea waves,
according to an agreement of $0.8Mil. Recently a new agreement of $1.2Mil was signed under
which SDE will construct two additional power plants of 500kW each. The power plant was
built in Israel except of the buoys that will be built in China by the local company owned
by the partnership and the Chinese government as a main share holder. The power plant will
be installed in Hainan Island, which is the biggest island in China, located 30 km from
Guangdong region. The power plant is capable of producing 150kW per hour comparing to the
next power plant that will be installed on this island, producing 500kW per hour, which is
already under construction in Israel.

This 150 kW power plant would be the 12th power plant [http://docs.com/PF1F ] SDE is
constructing in total, and the second one that will be installed in China with local
Chinese partners. The power plant was developed and engineered in an environmentally
friendly manner, beside to the fact that electricity is produced without any Environmental
pollution.

The Company also has a large module of its unique system in its factory in Israel that
stimulates wave movement and electricity production using the hydro-pneumatic system.

China especially needs the implementation of SDE’s technology due to the very high
infection rates. As published in the “TIME” magazine
[http://www.time.com/time/specials/2007/article/0,28804,1661031_1661028_1661016,00.html ]“,
“Linfen” and “Tianying” are the most Contaminated Chinese cities worldwide. The World Bank
reported that 16 of the 20 most polluted cities in the world are located in China.
Therefore the Chinese government made it a top priority to reduce pollution by using
renewable energy sources like solar, wind and wave energy.

SDE has a unique invention for generating electricity from sea waves and was recently
ranked by a team of independent scientists on PESWiki
[http://peswiki.com/index.php/Congress:Top_100_Technologies_--_Categorized ], is related
Wikipedia as the world’s first technology for electricity from sea waves and between 100
of the world’s leading green technology companies. The Technology advantages include Storm
resistance (the system is only 10% on waters, and 90% on land), low productions costs of
only 2 cents per kw/h, full Utilization of wave energy
[http://www.youtube.com/watch?v=UFXVNKmoi34 ], from coming and returning tidal and more.

The company was established 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 12 power
plants of its unique technology, and has established JV with local partners around the
world, including in countries such as: Chile, Mexico, Tanzania, Kenya, and of course
China. Until this day, Investors has invested in the company more than 2.5 million
dollars, and this days the company is signing more agreements.

In the last few years we are witnessing a significant rise in demand for green and
renewable energy. In light of global warming, desertification, floods and other disasters,
all around the world people have come to understand that we can no longer continue
producing energy by contaminating the environment and that there’s an urgent and essential
need to develop sustainable alternatives.

There is a special need for sustainable energy alternatives, in light of the death of
thousands of people every year, due to Fuel burning and etc. Recently, India was almost
completely paralyzed due to the biggest power shortage in history that influenced about
600 million people that were left without electricity. Flights were canceled, and giant
traffic jams occurred all over the capital of India. In addition, greenhouse gas
emissions, as a result of population growth in China and India, is one of the causes for a
Rapid increase in global warming.

Former Shell [http://www.shell.com ] oil CEO, Mr. John Hofmeister, said
[http://www.craftysue.com/wordpress/2010/08/25/oil_energy_independence/#.TrjsY_Tz2Ok ] to
the London Magazine, “The Independent [http://www.independent.co.uk ]“, that oil barrel
prices will soon be over 150$. He added that countries that will not generate alternative
renewable sources of energy will go bankruptcy.

In addition, it was recently reported by the FT
[http://www.ft.com/intl/cms/s/0/de6c5f9c-1c2c-11e2-a14a-00144feabdc0.html#axzz2E53CT0ow ],
that Siemens has announced its solar activities for sell due to losses, and will focus on
areas hydro Hydroelectric and wind.

SDE Is being constantly approached from governments and electric companies worldwide,
which are interested in SDE’S sea wave power plants, as a clean, reliable source of
energy.

        For more information please contact:
        Mr. Shmuel Ovadia
        Managing Director
        Tel: +972(50)5211683
        Fax: +972(0)3-6319239
        Email: abe@shani.net
        Website: http://www.sde-energy.com

SOURCE SDE Ltd


Source: PR Newswire