This is only a guess on my part but when MO said that they had sent the Chief Technical Officer on a world wide search to find technology that would disrupt CCEs plan for Ceto 6, he would not have needed to go any further than Scotland.
The CTO, (with a copy of the latest research paper on multi tethered point absorber wave energy devices from the University of Adelaide), may have arranged a meeting with the hierarchy of Wave Energy Scotland in Edinburgh.
Knowing that they have some seventeen R & D projects for marine energy power take off systems on their programme, he presents the multi tethered WEC technology paper to them.
What he is after, is PTO technology that marries up with the changed characteristics, of a triple tethered Ceto 6 buoy.
My next guess is that they can offer several options from the programme that are compatible with the new C6 model.
My crystal ball is starting to cloud over, so I will leave it at that for now.
CCE Price at posting:
4.3¢ Sentiment: Buy Disclosure: Held
