Why Now? Why Us?
The proven technology Ocean Thermal Energy Conversion (OTEC) uses warm and cold ocean water temperature differentials to make clean 24/7 electricity. Seawater Air Conditioning (SWAC), also previously proven, uses the deep cold ocean water for cooling buildings. Both technologies can produce plentiful amounts of fresh drinking water and dramatically reduce carbon emissions. With 20 years of rising oil prices, OTEC is becoming profitable while SWAC is already commercialized and successfully operating in several locations around the world. Our Company’s robust pipeline of global OTEC and related SWAC projects each have projected gross revenues ranging from $400 million - $800 million, and can bring tremendous environmental and humanitarian benefits across the globe. Join us and our hundreds of financially savvy and caring investors.
OTE is offering 9,000,000 Shares of its Common Stock for $0.85 per share ($7,650,000 in the aggregate). Only investors who are “accredited investors,” as defined by Rule 501 of SEC Regulation D, are permitted to purchase Shares. OTE, a renewable energy company with World Headquarters in Lancaster, Pennsylvania and offices in Manassas, Virginia; Nassau, The Bahamas; London, UK; and, George Town, Cayman Islands, brings the first large scale multi-applications of Seawater Air Conditioning (SWAC) and Ocean Thermal Energy Conversion (OTEC) systems to global markets. In addition to its Energy Services Agreement to build, own and operate the world’s largest deep ocean SWAC system in The Bahamas, OTE has concluded that other SWAC and OTEC contracts are likely to follow in various locations such as the US Virgin Islands, the Caribbean, East Africa, the Pacific Rim and US Department of Defense bases. Memoranda of Understanding (MoUs) have been signed for at least four projects.
THIS INFORMATION IS NOT AN OFFER OR SOLICITATION OF SECURITIES. THE COMPANY'S SECURITIES HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED AND SALES THEREOF MAY BE MADE ONLY TO ACCREDITED INVESTORS AS DEFINED IN RULE 501 OF REGULATION D THAT ARE APPROVED BY THE COMPANY AND THE MANAGING DEALER.
**A PORTION OF RULE 501 PROVIDES THAT FOR AN INDIVIDUAL TO BE CONSIDERED AN ACCREDITED INVESTOR, HE OR SHE MUST HAVE A NET WORTH OF AT LEAST ONE MILLION US DOLLARS, NOT INCLUDING THE VALUE OF ONE'S PRIMARY RESIDENCE OR HAVE INCOME OF AT LEAST $200,000 EACH YEAR FOR THE LAST TWO YEARS (OR $300,000 TOGETHER WITH HIS OR HER SPOUSE IF MARRIED) AND HAVE THE EXPECTATION TO MAKE THE SAME AMOUNT THIS YEAR. TO VIEW THE FULL TEXT OF THE DEFINITIONS OF ACCREDITED INVESTOR, PLEASE GO TO: http://www.sec.gov/answers/accred.htm.