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<p><strong><b><font size=3 color="#006600" face=Verdana><span style='font-size:
12.0pt;font-family:Verdana;color:#006600'>January 16, 2008</span></font></b></strong><font
face=Verdana><span style='font-family:Verdana'><br>
</span></font><i><font size=4 face=Verdana><span style='font-size:13.5pt;
font-family:Verdana;font-style:italic'>Making Waves: Harnessing the Ocean's
Power</span></font></i><font size=2 face=Verdana><span style='font-size:10.0pt;
font-family:Verdana'><br>
7 - 9 pm, Lecture Hall C, Cape Cod Community College, Rte 132, West Barnstable</span></font><br>
<br>
<b><font size=2 face=Verdana><span style='font-size:10.0pt;font-family:Verdana;
font-weight:bold'>Bill Staby</span></font></b><font size=2 face=Verdana><span
style='font-size:10.0pt;font-family:Verdana'> of Resolute Marine Energy is
featured speaker at a January 16 forum addressing the worldwide status of wave
energy technology and the potential for local applications. The forum,
presented by Cape & Islands Renewable Energy Collaborative (CI<i><span
style='font-style:italic'>Renew</span></i>), is free and open to the public;
light refreshments will be served.<br>
<br>
Wave energy technologies convert the kinetic energy of ocean waves into clean
power. In </span></font><font size=2 face=Verdana><span style='font-size:10.0pt;
font-family:Verdana'>Europe</span></font><font size=2 face=Verdana><span
style='font-size:10.0pt;font-family:Verdana'>, demonstration projects and
initial commercial applications are under way. In the </span></font><font
size=2 face=Verdana><span style='font-size:10.0pt;font-family:Verdana'>United
States</span></font><font size=2 face=Verdana><span style='font-size:10.0pt;
font-family:Verdana'>, tests have been conducted off the coasts of </span></font><font
size=2 face=Verdana><span style='font-size:10.0pt;font-family:Verdana'>Hawaii</span></font><font
size=2 face=Verdana><span style='font-size:10.0pt;font-family:Verdana'>, </span></font><font
size=2 face=Verdana><span style='font-size:10.0pt;font-family:Verdana'>Oregon</span></font><font
size=2 face=Verdana><span style='font-size:10.0pt;font-family:Verdana'>, and </span></font><font
size=2 face=Verdana><span style='font-size:10.0pt;font-family:Verdana'>New
Jersey</span></font><font size=2 face=Verdana><span style='font-size:10.0pt;
font-family:Verdana'>, and plans were recently announced for a commercial wave
energy project near </span></font><font size=2 face=Verdana><span
style='font-size:10.0pt;font-family:Verdana'>Block Island</span></font><font
size=2 face=Verdana><span style='font-size:10.0pt;font-family:Verdana'> in </span></font><font
size=2 face=Verdana><span style='font-size:10.0pt;font-family:Verdana'>Rhode
Island</span></font><font size=2 face=Verdana><span style='font-size:10.0pt;
font-family:Verdana'>. A 2005 study by the Electric Power Research Institute
concluded that development of a large-scale wave energy facility off the Cape
Cod National Seashore could prove economically feasible, assuming development
of a worldwide experience base.<br>
<br>
At the January 16 forum, Bill Staby will review wave energy, introduce the
device being developed by his company, and discuss the technology’s
potential across regional, national, and global scales. Bill is an entrepreneur
with experience at both worldwide enterprises and technology start-ups. At CS
First Boston, he focused on strategic and corporate finance advisory
assignments for the electric utility industry. He is currently chief executive
officer of Resolute Marine Energy and a member of the Finance Committee of the
Ocean Renewable Energy Coalition in </span></font><font size=2 face=Verdana><span
style='font-size:10.0pt;font-family:Verdana'>Washington</span></font><font
size=2 face=Verdana><span style='font-size:10.0pt;font-family:Verdana'>, </span></font><font
size=2 face=Verdana><span style='font-size:10.0pt;font-family:Verdana'>DC</span></font><font
size=2 face=Verdana><span style='font-size:10.0pt;font-family:Verdana'>. <br>
<br>
Resolute is developing and testing a wave energy conversion system with an
initial commercial focus on powering ocean observation and other remote systems
that have modest energy requirements. The technology is designed for scale-up
to support large-scale, grid-connected, offshore energy applications. Resolute
is based in </span></font><font size=2 face=Verdana><span style='font-size:
10.0pt;font-family:Verdana'>Fall River</span></font><font size=2
face=Verdana><span style='font-size:10.0pt;font-family:Verdana'> at the </span></font><font
size=2 face=Verdana><span style='font-size:10.0pt;font-family:Verdana'>Advanced</span></font><font
size=2 face=Verdana><span style='font-size:10.0pt;font-family:Verdana'> </span></font><font
size=2 face=Verdana><span style='font-size:10.0pt;font-family:Verdana'>Technology</span></font><font
size=2 face=Verdana><span style='font-size:10.0pt;font-family:Verdana'> </span></font><font
size=2 face=Verdana><span style='font-size:10.0pt;font-family:Verdana'>Manufacturing</span></font><font
size=2 face=Verdana><span style='font-size:10.0pt;font-family:Verdana'> </span></font><font
size=2 face=Verdana><span style='font-size:10.0pt;font-family:Verdana'>Center</span></font><font
size=2 face=Verdana><span style='font-size:10.0pt;font-family:Verdana'> at the </span></font><font
size=2 face=Verdana><span style='font-size:10.0pt;font-family:Verdana'>University</span></font><font
size=2 face=Verdana><span style='font-size:10.0pt;font-family:Verdana'> of </span></font><font
size=2 face=Verdana><span style='font-size:10.0pt;font-family:Verdana'>Massachusetts</span></font><font
size=2 face=Verdana><span style='font-size:10.0pt;font-family:Verdana'>, </span></font><font
size=2 face=Verdana><span style='font-size:10.0pt;font-family:Verdana'>Dartmouth</span></font><font
size=2 face=Verdana><span style='font-size:10.0pt;font-family:Verdana'>.</span></font></p>
<p><font size=2 face=Verdana><span style='font-size:10.0pt;font-family:Verdana'>The
meeting will conclude with Q&A and time for conversation and networking.
Information will be available on CI<i><span style='font-style:italic'>Renew</span></i>
membership and on local clean energy programs and activities. </span></font></p>
<p class=MsoNormal><font size=3 color=navy face=Arial><span style='font-size:
12.0pt;font-family:Arial;color:navy'> </span></font></p>
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