News Release

REF NO.: 117

SUBJECT: New electricity-generating technology goes through final testing at Marine Institute Flume Tank

DATE: August 15, 2017

Waterotor Energy Technologies Inc. (WET) of Ottawa, Ont., is testing new submerged electricity-generating technology at the Fisheries and Marine Institute (MI) of Memorial University flume tank this week.

The Waterotor is the only machine in the world to provide high-efficiency electrical output from very slow-moving water. Water flow currents as slow as two m.p.h. (swimming speed) from rivers, canals and ocean currents can be converted into electricity output for less than five cents per kilowatt hour. Unlike other tidal and propeller electricity-generating devices, Waterotor captures more than 30 per cent of the energy at speeds of currents below 6.5 m.p.h., which has never been demonstrated before.

After millions of dollars in research, development and testing of the fully-patented invention, the WET team chose to use the world class flume tank at MI to finalize the design specifications prior to entering its planned commercialization phase.

“We are pleased to be able to support WET in the testing of their new electricity-generating technology,” said Dr. Paul Winger, director of MI’s Centre for Sustainable Aquatic Resources (CSAR). “The world’s largest flume tank provides the space and capabilities necessary for the final phase of testing for this unique system and we look forward to the outcomes.”

A select cadre of WET's initial customers — coming from as far away as the South Pacific — will be joining the WET team at the institute to see the Waterotor technology in operation and to negotiate initial business contracts with the Waterotor senior management team.

The inventor of this innovative technology and founder/CEO of WET, Fred Ferguson, as well as manufacturing partners Lee Aerospace, RTS Plastics and Black & Macdonald Engineering, are pleased to see Waterotor’s move into the commercial phase of its development.

“At present, 1.2 billion people do not have access to electricity. Waterotor offers access to an affordable, reliable and continuous green energy solution to satisfy this need, and an opportunity to significantly improve their quality of life," said Mr. Ferguson.

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