abc news video, page-2

we are on a winner !Never mind the retracement, just a chance to buy cheaper. This co, will get a lot of interest all around the world and when the contracts start coming in the shareholder will be thankful they had the initiative to buy into such innovative and clean technology.
I copied the co's website CETO schematics .

What is CETO?
Unlike other wave energy systems currently under development around the world, the CETO wave power converter is the first unit to be fully-submerged and to produce high pressure seawater from the power of waves.
By delivering high pressure seawater ashore, the technology allows either zero-emission electricity to be produced (similar to hydroelectricity) or zero-emission freshwater (utilising standard reverse osmosis desalination technology). It also means that there is no need for undersea grids or high voltage transmission nor costly marine qualified plants.
Overall Power and Water Schematic

HomeAbout CNM
AlertWhat is CETO?
Unlike other wave energy systems currently under development around the world, the CETO wave power converter is the first unit to be fully-submerged and to produce high pressure seawater from the power of waves.
By delivering high pressure seawater ashore, the technology allows either zero-emission electricity to be produced (similar to hydroelectricity) or zero-emission freshwater (utilising standard reverse osmosis desalination technology). It also means that there is no need for undersea grids or high voltage transmission nor costly marine qualified plants.
Overall Power and Water Schematic

CETO units are fully submerged and permanently anchored to the sea floor meaning that there is no visual impact as the units are out of sight. This also assists in making them safe from the extreme forces that can be present during storms. They are self-tuning to tide, sea state and wave pattern, making them able to perform in a wide variety of wave heights and in any direction. CETO units are manufactured from steel, rubber and hypalon materials, all proven for over 20 years in a marine-environment.

sorry, the animation did not appeared. but you can see at cnm site. www.carnegiecorp.com.au/tech/wave-energy/what-is-ceto.php