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Paul Jordan to Join Ocean Power Technologies Limited
Paul Jordan to Join Ocean Power Technologies Limited
Oct 10, 2005 at 12:00 AM EDT
Paul has over nine years' experience in business development at both Rolls Royce and latterly the Carbon Trust. At the Carbon Trust, he was a key contributor to the Innovation Team, developing new low carbon technologies, with a primary focus on the Trust's Marine Energy Challenge. The objectives of the Challenge included the assessment of whether marine energy could become cost-competitive and what support could be provided to accelerate the growth of the industry.
Prior to the Carbon Trust, Paul worked at Rolls-Royce divisions in the UK, Thailand and the US. As part of Rolls-Royce Power Ventures, he focused on project development of 5MW to 150MW gas turbine and diesel engine power projects in the UK and Americas.
Paul graduated from Newcastle University with a Masters in Mechanical Engineering (Europe), with Spanish as chosen language. Subsequently, he completed an MBA at INSEAD, Paris in 2002. Mark Draper commented “Paul is a high calibre individual and has demonstrated his ability in both marine renewables and business development disciplines. These abilities and experience will be invaluable as we continue to commercialise the OPT technology both in mainland Europe and in the UK.”
Paul Jordan commented “OPT is one of the world's premier wave power companies with the expertise and resources to make a big difference. I believe they have the right business model for sustained success in this rapidly developing industry, and I am delighted to be joining the company at this exciting time”
For Further Information Contact:
Mark R. Draper, Chief Executive
Ocean Power Technologies Ltd
Telephone: 01926 623371
Ken Cronin
Gavin Anderson & Company
Telephone: 02075 541 442
Background Information
Ocean Power Technologies Limited.
Based in Warwick, Ocean Pow er Technologies Ltd is the European subsidiary of Ocean Pow er Technologies, Inc., the w orld's first publicly listed w ave pow er company. OPT is commercialising its proprietary technology for the generation of electrical pow er using the energy of ocean w aves. OPT Limited is currently building a w ave pow er station w ith Iberdrola S.A. in Spain, and developing other European opportunities. OPT's w ave energy systems are based on modular, buoy-like structures, called Pow erBuoysTM, w hich are “intelligent” systems capable of responding to differing w ave conditions. The Company's ocean-tested systems have the potential to provide cost competitive, clean electrical pow er on a large scale. For further information, see the Company's w ebsite: w w w .oceanpow ertechnologies.com.