you are correct, this ticker CPWR is Ocean Thermal
Post# of 38
Grab shares of this while you can. Company is sitting on some big time catalysts; project and acquisition that can come down the pipeline any week now.
Huge market, no competitors (Lockheed Martin and Naval Energies are big time players in OTEC however they are both working with OTE on their projects as partners, and tremendous need in the world for sustainable energy in tropical regions (i.e. PR blackout two days ago) and an even greater need for potable water.
DD and short term catalysts
-USDoD/Lockheed Martin project for Naval Base expected in April
-discussions for further navy bases performing same ESA
-USVI OTEC EcoVillage first master design completed..closing on land is next step
-potential acquisition which is a GAME CHANGERRRR..as i understand it, it's looking like it's coming along very nicely and in the hands of OTE with completing DD and confirming it's positive impact on OTE...revenue, contracts, infrastructure, engineers, human resource personnel, global offices around world...GAME CHANGER
-NASDAQ up listing
-Hurricane devastation in the Caribbean last year brought attention to need to find alternative energy sources and generation of potable water
-South Africa's water crisis has the world paying attention to the water crisis
-oh yea, Baha Mar is still on the table, a $400+M contract that once the resort is completed, negotiations will begin again...this project is not dead, and again $400+M in revenue over 20 year contract!
-THERE IS NO TECHNOLOGY THAT EXISTS, THAT CREATES ENERGY AND DESALINATED WATER LIKE OTEC!!! THIS IS THE HUGE OPPORTUNITY THAT CPWR HAS AND WILL SOLVE FOR THE WORLD. It's only a matter of time.