wave energy at its best

COMMERCIAL IN CONFIDENCE

Wave Energy

at its best2006 Mk1 Full scale pilot unit

Sept 2011


Summary

Currently at TRL 7 and ready for pilot scale deployment at

very competitive costs compared to all renewable energies

28 patents (granted or pending) internationally

OLX is one of the most established and credible companies in

the international wave energy technology domain

OLX is ready to create a centre for excellence in wave

technology

OLX has commenced the final capital raising process before

commercialisation


Cost projections for greenWAVE

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Company history & background

Oceanlinx was founded by Dr Tom Denniss in 1997

The company currently employs:

• 12 members of staff in the Sydney office

• 10 members of staff across strategic national and international locations

• Over 100 years of staff experience in the development, installation and operation of

marine renewable systems.

100% Australian developed and owned technology

All core intellectual property is internationally patent protected

To date the company has spent $86m developing its wave energy

conversion systems

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System integration

5

Ocean

wavesOWC

Air

pressure

Air

turbineAsynchronous

generator

&

drive

Renewable

electricity


Technical milestones

40,000 hours of operational experience

5000 hours of electricity generation

Only wave energy converter to grid connect in Australia

2005 became the 1st wave energy device to generate desalinated water

aboard a WEC

1 of 3 devices to achieve grid connection internationally

Over 8000 hours of laboratory testing (aerodynamic & hydraulic)

Several years of academic collaboration:

• Hydraulic Marine Research Centre, Australian Maritime College

• Uni. of Wollongong, Queens Uni. Belfast, Sydney Uni., Uni. of New South Wales,

Uni. of Rhode Island, Uni. of Hawaii and most recently Uni. of Adelaide

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Development milestones - systems 2005: MK1 full scale prototype unit

o 500kW full scale system operation

o Single fixed shallow water OWC design

o Many thousands of hours of operation between 2005-2009

o 1st time production of desalinated water aboard a wave

energy converter

2007: MK2 3rd scale prototypeo Represented a 1.5MW rated generating plant

o Provided a significant amount of data on the operational

behaviour of a floating structure OWC in open sea

conditions

o Precursor to considerable technological improvements in

OWC design

2010: MK3PC 3rd scale prototypeo Represented a 2.5MW rated capacity unit

o Multi-boomerang OWC floating platform

o 1St Australian grid connected WEC

o Validated all design and operating parameters

o Demonstrated grid standard power output

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Oceanlinx Product and Deployment Evolution

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Air Turbines1st generation: Denniss-Auld

2nd generation: PAT turbine

3rd generation: airWAVE


greenWAVE

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MAIN FEATURESDirect evolution from MK1

Fixed concrete construction standing on seabed

Incorporates airWAVE turbine

Electrical power or Desalinated water

Capable of providing 1GL of RO water per year

OLX patented boomerang resonant OWC

Shallow water applications (10 – 15 m)

Robust design promotes survivability - 25 years


greenWAVE

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TECHNICAL DATALength 16.0 m

Width 22.0 m

Draft 10.0 m

Depth 16.0 m

Mass (concrete) 4000 tonnes

Capacity 1 MW

Water depth ~10 m


Commercial maturity of device developers

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Emerging Energy Program, October 2010


2006: St Louis, USA

The International Academy of Science names the Energetech technology as one of the Ten Most Outstanding Technologies in the World. This award spanned technologies of all forms, not just energy technologies.

2009: Shenzhen, China

The United Nations Industrial Development Organization (UNIDO) ranks Oceanlinx third in its annual list of the Top Ten Renewable Energy Investment Opportunities in the World.

2010: Sydney, Australia

The Annual EcoGen Conference names Oceanlinx’s latest wave energy device the Most Outstanding Clean Energy Technology Innovation of 2010.

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International awards and accolades


R & D completed and the designs are ready for full

scale manufacture

OLX is developing a greenWAVE project for 5MW in

Australia- energy levels in excess of 42kw/m

OLX intends to hold a Liquidity Event within the next 2

years

OLX has commenced a capital raising exercise for

AUS$20m

The new investments could be at OLX or project levels

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The way forward


2007 Mk2 1/3 scale research unit 2010 Mk3 Pre-Commercial scale unit

2005 Mk1 Full scale pilot unit 2007 Mk2 1/3rd scale research unit 2010 Mk3 1/3rd scale unit

Thank You