CNM carnegie corporation limited

ceto update

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    Here's a CETO update from REH which they put out last night. Not sure why CNM haven't announced the same. Glad they didn't - i wanted to top up a bit and was worried the price might go back to 30 cents on this announcement.

    The link to the annoucnement is below but i'll post the news report on it below instead because it cuts and paste without going haywire.

    "Renewable Energy deploys 2nd CETO II Wave Energy prototype
    LONDON (Thomson Financial) - Renewable Energy Holdings PLC said it has successfully deployed the second CETO II Wave Energy prototype off the CETO test site at Fremantle in Western Australia.

    The aim-listed energy technologies company said it will deploy the third unit during the next week and subsequently complete this stage of the test project.

    Renewable Energy said it will complete the CETO development programme by 2009, and, in collaboration with EDF Energies Nouvelles SA, have found three potential sites for the roll-out of offshore wave power projects in the Northern Hemisphere.

    Chief executive Mike Proffitt said: 'The CETO II test project is progressing on target and continues to meet our performance expectations, which increases our confidence that CETO will be ready for commercial roll-out in 2009.'

    [email protected] jjo/tsm/ejp



    http://www.londonstockexchange.com/LSECWS/IFSPages/MarketNewsPopup.aspx?id=1726089&source=RNS
 
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