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ocean thermal energy corp (CPWR) Snapshot

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ocean thermal energy corp (CPWR) Details

Ocean Thermal Energy Corporation develop projects for renewable power generation, desalinated water production, and air conditioning. It produces electricity; fresh water for agriculture and human consumption; and desalinated water for potable, agricultural, and fish farming/aquaculture uses. The company was founded in 1998 and is headquartered in Lancaster, Pennsylvania.

5 Employees
Last Reported Date: 03/22/19
Founded in 1998

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ocean thermal energy corp
Ocean Thermal Energy Corporation Reports Earnings Results for the First Quarter Ended March 31, 2019

Ocean Thermal Energy Corporation announced earnings results for the first quarter ended March 31, 2019. For the first quarter, the company announced operating loss was USD 417,419 compared to USD 764,214 a year ago. Net loss was USD 232,291 compared to USD 951,810 a year ago. Basic eps was USD 0 compared to basic loss per share of USD 0.01 a year ago.

Ocean Thermal Energy Corporation Reports Earnings Results for the Full Year Ended December 31, 2018

Ocean Thermal Energy Corporation announced earnings results for the full year ended December 31, 2018. For the full year, the company announced operating loss was USD 4.051 million compared to USD 12.702 million a year ago. Net loss was USD 7.880 million compared to USD 14.591 million a year ago. Basic loss per share was USD 0.06 compared to USD 0.13 a year ago.

Ocean Thermal Energy Mulls Acquisitions Of Synergistic International And US Based Companies; Provides Update

Ocean Thermal Energy Corporation (OTCPK:CPWR) plans to acquire synergistic international and US based companies. To accelerate the implementation of OTEC technology for projects in the U.S., the Caribbean, the Asia Pacific region, and eventually worldwide, the company has engaged in meaningful discussions since the beginning of the year with its legal, accounting, and investment partners to acquire two established OTEC and Seawater Air Conditioning (SWAC) engineering companies. Both companies are currently under review and consideration and have ongoing, revenue-producing contracts. Ocean Thermal Energy Corporation believes acquiring OTEC and SWAC engineering and project companies, whose goals and objectives mirror its own, is a way to further advance its own projects and grow the business.


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