STONEHENGE METALS LIMITED ASX Code: SHE
Market Announcements Platform
ASX Limited, Exchange Centre,
20 Bridge Street, Sydney NSW 2000
PROTEAN™ OCEAN BASED FUNCTIONAL TESTING DEPLOYMENTS SUCCESSFULLY COMPLETED VIDEO RELEASE
Stonehenge Metals Limited (ASX:SHE) (Stonehenge or the Company) is pleased to provide a video filmed on one of the ocean based functional testing days.
On 11 August 2015 the Company completed its functional wet test of a single demonstration ProteanTM wave energy converter (WEC) in approximately 2.5 metres of water, at Coogee Beach, Western Australia. The program was designed to test the assembly of the device including: the beach launching equipment, ProteanTM mooring, counterweights and the core buoy and energy conversion mechanisms.
Upon being successfully deployed in the ocean, the Protean™ WEC operated in line with expectations and powered nine electrical loads within a lit display box. Click here to view footage.
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NEXT STEPSThe successful completion of the initial functional ocean testing enables the Company to proceed to the next stage of its commercialisation strategy with confidence. The current focus is to secure a deployment site with the potential for the 30 buoy demonstration farm to be the first part of a larger integrated power project. In so doing the Company will continue to advance its accelerated commercialisation strategy in parallel with the deployment of the 30 Protean™ WEC devices currently under fabrication. Active discussions with suitable parties have commenced with site selection and approvals expected in the coming weeks.
UPDATED WEBSITE
The Company advises that the Protean™ website has been updated: www.proteanwaveenergy.com
For further information see www.stonehengemetals.com.au,www.proteanwaveenergy.comor contact:
E: blane@stonehengemetals.com.au
Media Queries:
Fran Foo - Media & Capital Partners
T: +61 416 302 719
E: fran.foo@mcpartners.com.au
ABOUT STONEHENGE METALS LTDStonehenge has exercised its option to acquire the Protean™ WEC technology and has entered into agreements with the inventor of the Protean™ WEC technology, Sean Moore, to advance its commercialisation. Stonehenge is also the parent holding company of US based Protean Wave Energy, Inc. and is based in Perth, Western Australia. The Company is moving forward in its quest to build and deploy a commercially viable marine hydrokinetic energy system based on the ProteanTM wave energy converter technology to be located off the coasts of Western Australia and California. The Company has appointed veteran U.S. wave energy industry professional, William Toman, as the president of Protean Wave Energy Inc. (Protean) its U.S. subsidiary.
ABOUT PROTEAN WAVE ENERGY INC.Protean Wave Energy, Inc., based in Los Osos, California, is the U.S. subsidiary of Stonehenge Metals Limited. Stonehenge holds the rights to the ProteanTM wave energy technology intellectual property, globally and in the U.S., including the registered U.S. Trademarked names of ProteanTM and Protean PowerTM and the U.S patent associated with the Protean™ Wave Energy Converter.
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