Marine power solutions provider. Offering a complete marine energy harvesting ecosystem with marine surveillance solution. New customers and partnerships added in 2020, and a solid long-term goal with clear objectives.
Products and Solutions
PB3 PowerBouy / Hybrid PowerBouy
Subsea Battery
Marine Surveillance Solution
Customers
● In November 2020, the Company entered into an agreement with the Offshore Operators Committee (“OOC”) under which the Company will provide engineering and technical services for a new project under the DeepStar Global Technology Consortium Program
● In October 2020, the Company entered into an agreement with Adams Communication & Engineering Technology, Inc. to conduct a feasibility study for the evaluation of a PB3 PowerBuoy® power and 5G communications solution in support of the U.S. Navy’s Naval Postgraduate School’s SLAMR.
Partnerships
● In June 2020, we signed a memorandum of understanding with Mackay Marine, a division of Mackay Communications, Inc., to further optimize our Marine Surveillance System payload for both the PB3 and hybrid PowerBuoy®. Mackay Marine manufacturers and supplies a wide variety of technically advanced equipment for commercial, military, and personal marine applications.
● In February 2020, we signed a letter of intent with Taiwan-based BAP Precision, Inc. (“BAP”) to provide PowerBuoy® joint surveillance solutions for government agency contract pursuits for policing territorial waters.
We continue to commercialize our products and solutions for use in remote offshore power and real-time data communications applications, and in order to achieve this goal, we are pursuing the following business objectives:
Products and Solutions
PB3 PowerBouy / Hybrid PowerBouy
Subsea Battery
Marine Surveillance Solution
Customers
● In November 2020, the Company entered into an agreement with the Offshore Operators Committee (“OOC”) under which the Company will provide engineering and technical services for a new project under the DeepStar Global Technology Consortium Program
● In October 2020, the Company entered into an agreement with Adams Communication & Engineering Technology, Inc. to conduct a feasibility study for the evaluation of a PB3 PowerBuoy® power and 5G communications solution in support of the U.S. Navy’s Naval Postgraduate School’s SLAMR.
Partnerships
● In June 2020, we signed a memorandum of understanding with Mackay Marine, a division of Mackay Communications, Inc., to further optimize our Marine Surveillance System payload for both the PB3 and hybrid PowerBuoy®. Mackay Marine manufacturers and supplies a wide variety of technically advanced equipment for commercial, military, and personal marine applications.
● In February 2020, we signed a letter of intent with Taiwan-based BAP Precision, Inc. (“BAP”) to provide PowerBuoy® joint surveillance solutions for government agency contract pursuits for policing territorial waters.
We continue to commercialize our products and solutions for use in remote offshore power and real-time data communications applications, and in order to achieve this goal, we are pursuing the following business objectives:
- Integrated turn-key solutions sales or leases incorporating our products and services.
- Expand customer system solution offerings through new complementary products that enable shorter and more cost-efficient deployments
- Concentrate sales and marketing efforts in specific geographic markets
- Expand our relationships in key market areas through strategic partnerships and collaborations
- Outsourcing of fabrication, deployment and service support.
- Cost reduction and solution development.
Trade active:
Broad market sell-off continued on Monday, price wicked through the bottom trend line support but quickly recovered creating a Bullish daily hammer candle. RSI showing less momentum to the downside. Current average $4.80
Comment:
False break on the bullish hammer candle, but price is still holding the lower trend line on very weak volume. Reversal Doji on 2-26 Daily or a possible bullish Harami Cross 2-25 and 2-26. Uptrend is still valid as 12EMA still above 50EMA. RSI bounced near support looking to break the midline to the upside. Current Average $4.80
Comment:
New patent issued today 3-2 titled “ Electric power generation and storage buoy ”
Comment:
During another heavy market sell off the daily uptrend is broken as EMAs cross on 3/4, price breaks through lower demand area on increasing volume, and RSI fails to hold support. Q3 ER missed revenue by 50%. Sold some of this position for a loss and lowered my average to $4.55. Holding the rest of my position and will add when a new uptrend is confirmed. Still Bullish long term.