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Protean Wave Energy Ltd completes initial deployment phase at Bunbury

Protean Wave Energy Ltd (ASX:POW) is a wave technology company focused on the commercialisation of its proprietary Protean™ Wave Energy Convertor (NYSE:WEC) system.

The system is an innovative technology that is designed to convert all six degrees of wave motion into a usable form of energy.

The company is targeting opportunities in Australia, while also continuing to seek additional partnerships and commercial deployment opportunities in international markets.

POW has now completed the first phase of Stage One of deployment of the demonstration wave energy farm at the Port of Bunbury in Western Australia, which consists of deploying a convertor.

The port is located 182 kilometres south of Perth and is surrounded by some of the world's richest areas of wave energy.

It is also strategically located to be a natural distribution point which embraces mining, manufacturing, agricultural and pastoral areas.

The performance of the pilot convertor is currently being assessed, ahead additional deployments.

Next steps

POW said that two additional convertors have been fabricated and are fitted with GPS tracking and remote sensor equipment to collect performance data.

The company intends to sequentially deploy these following completion of final testing of their data collection equipment, and evaluation of the performance of the pilot convertor.

Performance and environmental data will be also evaluated for a Pre-Feasibility assessment that is targeting the deployment of the company's first commercial pilot wave farm.

Demonstration wave farm

The multi-buoy demonstration wave farm will be deployed progressively with Stage 1 consisting of 3 Protean™ WEC buoys.

The demonstration wave farm will be in operation for up to a maximum period ending 30 September, 2016.

Over this time data will be collected via a sensor package on each buoy.

The performance and environmental data will be evaluated with a view to optimise the system design and refine key inputs for the PFS.

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