Nice to see REH and EDF kicking on with CETO and formalising...

Nice to see REH and EDF kicking on with CETO and formalising their agreement.

http://www.londonstockexchange.com/LSECWS/IFSPages/MarketNewsPopup.aspx?id=1680307&source=RNS

Of course they're going to say positive things in their annoucements but in markets like this, I still like reading the comments below!!

Mike Proffitt, Chief Executive Officer of REH, commented:

“We are very pleased indeed to have concluded our CETO Collaboration Agreement with EDF EN and we look forward to working with them to develop CETO wave power projects across the Northern Hemisphere.

“EDF EN’s interest in the CETO wave power technology demonstrates that the CETO wave energy device has an exciting commercial future ahead and the potential to be a global success.”

Paris Mouratoglou, Chairman of EDF Energies Nouvelles, said:

“EDF Energies Nouvelles is committed to develop new renewable energy technologies. The wave energy potential is very significant and has been identified as one of our future sources for growth. We are delighted to announce the signing of our final agreement with REH and look forward to a successful development of the promising CETO technology.”