SOURCE: Ocean Thermal Energy Corporation

Ocean Thermal Energy Corporation

July 21, 2014 06:00 ET

Ocean Thermal Energy Corporation Listed on the GXG Markets

LANCASTER, PA and LONDON, UNITED KINGDOM--(Marketwired - Jul 21, 2014) - Ocean Thermal Energy Corporation (GXG: OTEC) (ISIN: SE0006028023) ("OTE" or the "Company") is pleased to announce that its securities have been admitted to trade on the GXG Markets First Quote platform with the symbol OTEC. GXG Markets runs an SME dedicated exchange that operates a European Regulated Market, as well as two junior markets regulated under GXG Markets' Multilateral Trading Facility authorization.

Mr. Jeremy P. Feakins, Executive Chairman of Ocean Thermal Energy Corporation commented on this landmark event for the Company: "We are delighted that our securities are now admitted to trade on the GXG First Quote and settle electronically via EUROCLEAR, Sweden. The GXG Markets provide an excellent exchange for our initial listing as it promotes a full regulatory environment that is cost-efficient while giving our shareholders access to a modern, electronic trading platform without burdensome expense to OTE typical of other exchanges. The public stock listing will allow OTE to raise additional future capital, provide excellent investor visibility and support OTE's growing pipeline of global projects for renewable energy, drinkable water and opportunities for sustainable food production."

About Ocean Thermal Energy Corporation:

OTE is a turnkey supplier of Ocean Thermal Energy Conversion (OTEC) and Seawater Air Conditioning (SWAC) Systems worldwide. The Company provides financing, design, construction and operation of OTEC and SWAC systems and has offices in Pennsylvania, Virginia, The Bahamas, Cayman Islands, United States Virgin Islands, Hawaii, London, UK and Stockholm, Sweden. OTE traces its roots back to 1988 and has a multidisciplinary team of experienced corporate executives, scientists and ocean engineers, together with strong strategic alliances with premier corporations and financing institutions. For additional information regarding OTE, please visit the Company's website at www.otecorporation.com.

Safe Harbor
This press release contains forward-looking statements that relate to Ocean Thermal Energy Corporation (OTE) plans, objectives and estimates within the meaning of the federal securities laws, including statements concerning financial projections, financing activities, product development activities and sales and licensing activities. Such forward-looking statements are not guarantees of future results or performance, are sometimes identified by words of condition such as "should," "could," "expects," "may," "plans," or "intends," and are subject to a number of risks and uncertainties, known and unknown, that could cause actual results to differ materially from those intended or anticipated. Such risks include, without limitation: problems securing the necessary financing to continue operations, problems encountered in commercializing OTE's technology, difficulties experienced in product development, roadblocks experienced in sales and marketing activities and longer than expected project development processes. To the extent permitted by applicable law, Ocean Thermal Energy Corporation makes no commitment to update any forward-looking statement or to disclose any facts, events, or circumstances after the date of this release that may affect the accuracy of any forward-looking statement. No regulatory body or exchange has reviewed or approved the contents of this press release and neither accepts responsibility for the adequacy or accuracy of this press release.

Contact Information

  • For further information, please contact:

    James D. Greenberg
    Director and Chief Sustainability Officer
    Tel: +1 800 298 5819