Ann: Investor Presentation, page-12

Hi All

A question: I didn't see anything in the presentation or previous info about the cost structure of this WEC technology. The renewable energy industry is notorious for not actually being economically viable without government incentives/subsidies - is this technology different? The NEM has become extremely competitive at both the retail and wholesale level, unless the WEC technology delivers electricity at less than circa $1500/kW (capex & opex) its going to struggle to compete against wind and solar (both around that cost range and being driven down).

Cheers, Sharks.