Lancaster, PA (PRWEB)
June 22, 2017
Ocean Thermal Energy Corporation (OTCQB: CPWR) (the “Company”, “we” or “OTE”), a project developer for Ocean Thermal Energy Conversion (“OTEC”), clean hydrothermal energy plants, and Seawater District Cooling/Seawater Air Conditioning (“SWAC”) cooling plants, today announced that its stock symbol has changed to “CPWR” effective as of the opening bell on June 21, 2017.
“The confirmation of our symbol CPWR is a small but significant step as Ocean Thermal Energy Corp’s common stock will be identified with and tied to the power and sustainability of the seas. We are pleased with this turn of events as we continue to evolve as a public company generating energy, power, and potable water from the world’s oceans and seas,” commented Jeremy P. Feakins, Chairman and CEO of Ocean Thermal Energy Corporation.
About Ocean Thermal Energy Corporation
OTE is a Lancaster, Pennsylvania-based Company with plans and projects for deep-water hydrothermal clean-energy systems which include producing fossil-fuel free electricity through Ocean Thermal Energy Conversion (OTEC) and environmentally friendly cooling though Seawater Air Conditioning (SWAC). An important part of the technology is the production of large amounts of water for drinking, aquaculture, and agriculture.
OTE’s technology is best suited to tropical and subtropical regions of the world where about 3 billion people live. It utilizes the natural temperature differential in oceans to generate base-load, 24/7, clean, non-polluting electricity, as well as alternative, energy-efficient cooling systems and fresh water, the latter of which is essential for the entire world, particularly developing communities. Since the 1970s, OTEC and SWAC systems have been successfully demonstrated and operating in several locations around the world.