Lancaster, PA- May 17, 2017 – Ocean Thermal Energy Corporation (OTCQB: OTEC) (the “Company” or “OTEC”), a builder and operator of clean hydrothermal energy plants and developer of Seawater Air Conditioning plants for large commercial properties worldwide, announced today it has retained PCG Advisory Group (PCG) as its agency of record for investor relations, corporate communications, and advisory services.
Jeremy Feakins, Chairman and CEO of Ocean Thermal Energy Corporation, stated, “We are very pleased to announce that we have engaged PCG Advisory to communicate our story as OTE begins a new chapter as a publicly traded company. We felt we needed a seasoned team to refine our corporate messaging and present OTE’s story to a broad audience in an effective manner. We are confident in PCG’s abilities to provide the necessary exposure to the investment community at this important time.”
“Ocean Thermal Energy Corporation has an extremely exciting story to tell,” said Jeff Ramson, Founder and CEO of PCG Advisory Group. “OTE has a unique business model and we feel they have an important message investors need to hear. We welcome OTE to our roster of clients and embrace the opportunity to present the company to our extensive network. We look forward to working with OTE’s management team and are a pleased to serve as the Company’s Investor Relations agency of record.”
About Ocean Thermal Energy Corporation
OTE is a Lancaster, Pennsylvania-based Company with plans and projects for deep-water hydrothermal clean-energy systems which include producing fossil-fuel free electricity through Ocean Thermal Energy Conversion (OTEC) and environmentally friendly Seawater Air Conditioning (SWAC). An important part of the technology is the production of large amounts of water for drinking, aquaculture, and agriculture.
OTE’s technology is best suited to tropical and subtropical regions of the world where about 3 billion people live. It utilizes the natural temperature differential in oceans to generate base-load, 24/7, clean, non-polluting electricity, as well as alternative, energy-efficient cooling systems and fresh water, the latter of which is essential for the entire world, particularly developing communities. Since the 1970s, OTEC and SWAC systems have been successfully demonstrated and operating in several locations around the world.
For additional information regarding OTE, please visit the Company’s website at www.otecorporation.com.
About PCG Advisory Group
Founded in 2008, PCG Advisory Group is dedicated to the delivery of top tier capital markets advisory services, strategic and tactical digital and social media communications, and cutting edge media and public relations for public and privately held companies.
The team at PCG has extensive experience with life sciences and healthcare, high technology, financial services, alternative energy, and emerging growth companies from around the globe.
PCG’s Capital Markets Advisory Services include overall investor strategy development to increase and leverage investor awareness, visibility, and credibility.
PCG’s Social and Digital Media services include leveraging social and professional digital media sites to effectively and accurately communicate client stories. As an aggregation, distribution, and engagement platform, PCG reaches thousands of individual, retail, and institutional investors using proprietary techniques, search engine optimization, online marketing, website development, and our proprietary and extensive distribution network.
PCG’s Media and Public Relations services are a strategic and integral component of all Corporate Communications. The media and public relations team works with print, broadcast, online news sites, and bloggers to tell the best client story at the right time. We also have the capabilities to assist a company during a merger, acquisition, or crisis.
Communicating the client’s story accurately and effectively is tantamount to maximizing exposure to its current and potential stakeholders.
Safe Harbor Statement
Except for the historical information contained herein, this press release contains forward-looking statements made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that statements in this press release regarding OTE’s plans or expectations following the approval from the US Virgin Islands Public Services Commission constitute forward-looking statements. These statements involve risks and uncertainties that can cause actual results to differ materially from those in such forward-looking statements. These risks and uncertainties, include, without limitation: a decision by any of the interested parties to not enter into a definitive power purchase agreement; the inability of the parties to successfully negotiate and enter into a definitive power purchase agreement; the inability of the parties to meet every closing condition contained in such definitive power purchase agreement and the protection and maintenance of OTE’s intellectual property rights. Additional information and factors that could cause actual results to differ materially from those in the forward-looking statements are contained in OTE’s periodic reports filed with the Securities and Exchange Commission under the heading “Risk Factors.” Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made, and the facts and assumptions underlying the forward-looking statements may change. Except as required by law, OTE disclaims any obligation to update these forward-looking statements to reflect future information, events or circumstances.
PCG Advisory Group
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