Key Board Appointments Announced

Scottish based AWS Ocean Energy Ltd today announced the appointments of four key board directors to contribute to the commercialisation and development of the world’s most unique wave generating technology.

The new appointments bring an extraordinary range of internationally hand-picked professionals, with outstanding entrepreneurial success in the European renewables sector and in the commercialisation of major innovative engineering projects.

Chief Executive Simon Grey comments:”AWS is an exciting new technology with a long term future and we are delighted to welcome four exceptional leaders in their field to join our elite team at AWS“.

AWS plans to launch a pre-commercial model of its wave generator in 2008. Mr Grey would like to see the model tested in Scotland, at the European Marine Energy Centre in Orkney. This is where the Scottish Executive recently announced an £8 million funding programme for qualifying developers, for which AWS has applied.

The AWS generator is moored to the seabed and invisible from the surface, generating electricity when passing waves move an air-filled upper casing against a lower fixed cylinder. The Archimedes Wave Swing (AWS) generator has already completed successful trials in 2004, supplying electricity into the Portuguese national grid.

My Grey concludes “These new appointments underscore our steady progress towards the commercialisation of what we believe will be the world’s most efficient and powerful wave power system. Scotland is an ideal location for the development of wave power and we are delighted to have secured the backing of such a wide range of talents.”

The new board directors are Ahmed Moussa, Graham Bibby, John Anderson and William Ramsay. The experience they bring ranges from the pioneering development of Spain’s world-leading wind-power industry through to the creation of entrepreneurial enterprises in the Scottish engineering sector and the management of private equity investments in international energy projects.

All of the appointments take immediate effect.