Aquantis Inc. [website] situate in California U.S.A., was formed in 2011 to develop and commercialize marine current turbines. The company is built on the founders' three-decade legacy of successful wind power technology development, manufacturing and building power projects around the world. This deep knowledge is now applied to advancing ocean current power generation, joining with wind and solar toward displacing carbon fuels and helping to mitigate the burdens of climate change and degradation of the biosphere.

The team comprises technology and business professionals working in partnership with the National Laboratories of the U.S. Department of Energy and with the U.S. Navy. Since 2012, Aquantis and Mitsubishi Heavy Industries, Ltd. have collaborated on ocean turbine design, drawing on MHI's leadership in building submarines, unmanned underwater vehicles, and offshore oil and gas facilities.

Management adheres to corporate governance principles and best practices which promote sustainability related technology development and commercialization and provides accountability and control systems consistent with the highest standards.

The company's turbines are a breakthrough in marine renewable energy technology, which converts the kinetic energy of either gyre* or tidal ocean currents to electric power for submarine transmission to the land-based power grid. The Turbines operate at high efficiency, generating clean, predictable utility-scale electricity. The turbines integrate well proven power generating technology with a stable spar buoy vessel, moored to anchors on the seabed, giving resiliency to the structure in extreme sea states. The power generating system is driven by an upstream rotor with variable pitch blades.

* An ocean gyre is a large system of circular ocean currents formed by global wind patterns and forces created by Earth's rotation. The movement of the world's major ocean gyres helps drive the "ocean conveyor belt." The ocean conveyor belt circulates ocean water around the entire planet. Wind, tides, and differences in temperature and salinity drive ocean currents. The ocean churns up different types of currents, such as eddies, whirlpools, or deep ocean currents. Larger, sustained currents - the Gulf Stream, for example - go by proper names. Taken together, these larger and more permanent currents make up the systems of currents known as gyres. There are five major gyres: the North and South Pacific Subtropical Gyres, the North and South Atlantic Subtropical Gyres, and the Indian Ocean Subtropical Gyre.

The rotor sweep is well below the surface. Surface entry to access to all systems enables safe operation and maintenance. Aquantis has nine patents issued and three in process.

The breakthrough with proprietary turbine technology yields attractive lifecycle cost-of-energy through: 1) high power-to-weight ratio, 2) low cost deployment, and 3) ease of operation and maintenance.

The AQ Series Turbines are designed to strict maritime standards to ensure structural integrity and operational safety in the subsea environment.

Background

Prior to Aquantis, management created technologies for four generations of advanced wind turbines and the products and manufacturing capacity which led to the entry of both General Electric and United Technologies into the wind energy industry, in 2002 and 2010, respectively. The team's record of success was to a great extent attributable to its relentless focus on driving down the cost of energy through technological advances and operating efficiencies. No single factor is more important to the commercial viability of a renewable technology than its COE.

Management's leadership with Zond Systems (Zond, 1980 - 2000) and Clipper Windpower (Clipper, 2001 - 2010) demonstrated that with unrelenting focus on innovation, renewable energy technologies can achieve mainstream competitiveness forming the basis for multi-billion dollar global industries.

Aquantis is now positioned to launch ocean power generation, ushering in a major new segment of predictable renewable energy to complement the intermittency of wind and solar and help meet the surge in demand for renewables.