20 Apr 2012 - AC Horn Becomes Equity Partner In Neptune Wave Power
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AC Horn Becomes Equity Partner In Neptune Wave Power
Neptune Adds Doug Horn to its Advisory Board
Dallas, Texas, April 20, 2012 – Neptune Wave Power, LLC, announced today that AC Horn & Co. became an equity partner in the company. In addition, Doug Horn, President and CEO of AC Horn will join Neptune’s Advisory Board going forward. AC Horn has been Neptune’s fabrication partner for all ocean-bound wave energy conversion devices to date.
“We are very excited to join such an important and exciting undertaking as a shareholder,” said Doug Horn, President and CEO of AC Horn & Co. “We have had the opportunity to gain great insight into Neptune’s technology and value proposition through the fabrication of Neptune’s ocean-bound Model 3.0 and Model 3.1 wave energy conversion devices. We look forward to being part of the success of the company as we continue to work with Neptune’s strong management and science teams.”
“We are very excited about the validation and vote of confidence from AC Horn. AC Horn joins our growing list of strategic partners and investors that strongly believe in our wave energy conversion technology,” said Rene Larrave, CEO of Neptune Wave Power. “By joining our Advisory Board, Doug Horn also helps us strengthen our skills and oversight as we work towards commercialization of our technology.”
About Neptune Wave Power
Neptune Wave Power has developed patented technology that will produce cost-effective commercial quantities of electric power using a generation system harnessing kinetic energy from ocean waves. The generation cost compares favorably not only with that of other generation systems such as wind power or alternative proposed wave energy capturing devices, but with many other conventional power sources as well. Neptune Wave Power is headquartered in Dallas, Texas. For more information, visit www.neptunewavepower.com.
About AC Horn & Co.
Since 1907, AC Horn and Company has achieved a reputation of excellence and integrity in custom precision metal fabrication with a worldwide customer base. Over its history, AC Horn has been very successful at adapting to the ever evolving marketplace. Today, the company believes employees and customers are critical to their continued success and to continue building on their reputation. AC Horn & Co. is headquartered in Dallas, Texas. For more information, visit http://www.achornco.com.
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