June 19, 2018 - 8:30 AM EDT
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Gil Lyons, Jr. Joins Ocean Thermal Energy Corporation's Advisory Board

Lyons to Provide Guidance and Support for the OTEC EcoVillage Project

LANCASTER, PA / ACCESSWIRE / June 19, 2018 / Ocean Thermal Energy Corporation (OTCQB: CPWR) ("OTE" or "the Company"), a project developer for Ocean Thermal Energy Conversion (OTEC) renewable energy, Seawater Cooling (SWAC), and water desalinization plants, today announced that Gil Lyons, Jr., Co-Founder and Director of the Sky Institute for the Future, has joined OTE's Advisory Board.

As a co-founder of the Sky Institute, Gil brings 34 years of real estate business experience to OTE's advisory board. He has specialized in smart growth initiatives, new construction, planning and zoning issues, and real estate sales and marketing. In his real estate career, Gil has worked with agriculture land preservation transactions, workforce and affordable housing issues, traditional neighborhood developments, Farmland and Forest Land Assessment Act transactions, and as a proponent for the adaptive reuse of historically significant and functionally obsolete structures.

Gil said, "The missions of the Sky Institute for the Future and Ocean Thermal Energy Corporation are perfectly aligned. I am thrilled to be part of the OTE team as we work to bring sustainable strategies in design, energy, town planning, and aquaculture and agricultural production to the Eco-Village communities across the globe."

Gil is currently a member of the National Association of Realtors and the NAR Green Resource Council, from which he holds the NAR Green Designation. Gil previously served with the Lancaster County Smart Growth Coalition, the Housing Coalition, and the Livable Community Task Force. Additional professional activities have included the creating and planning of Legacy Traditional Neighborhood communities on both Greenfield and Brownfield in-fill sites. He has a B.A. in Biology from Gettysburg College.

Jeremy P. Feakins, Chairman and CEO of Ocean Thermal Energy Corporation, commented, "Gil's experience in real estate and construction make him a powerful asset to our advisory board. Gil's skills and practical knowledge will help us advance our OTEC EcoVillage and other projects."

About OTEC and SWAC

Ocean Thermal Energy Conversion (OTEC) is a game-changing technology that leverages the temperature difference in the ocean between cold deep water and warm surface water in the tropics and subtropics to generate unlimited energy without the use of fossil fuels. It boasts a competitive advantage over alternative sources of electricity production regarding accessibility, predictability, affordability, and emissions. Seawater Air Conditioning (SWAC) technology produces air conditioning without the use of chemical agents. Acting alone, SWAC can reduce electricity usage by up to 90% when compared to traditional air conditioning systems. Both technologies can be configured to produce fresh water for drinking, agriculture, and economic development. Supporting the efforts for more sustainable living in developing nations around the world, OTE's OTEC and SWAC technologies drastically reduce the output of carbon emissions and produce renewable base-load (24/7/365) energy without the use of fossil fuels. This translates to slowing down climate change and cleaning up our atmosphere for a healthier planet for all.

About Ocean Thermal Energy Corporation

Ocean Thermal Energy Corporation (OTE) has over 25 years of experience and unrivaled know-how of optimal designs and economics of commercial Ocean Thermal Energy Conversion (OTEC) and Seawater Air Conditioning (SWAC) systems. OTE is an environmentally-focused project developer, using the skills and many years of experience of its Marine Scientists, Oceanographers, and Engineers to design, finance, build, own, and operate commercial scale, cost-effective, and scalable OTEC and SWAC systems worldwide.

OTE concentrates on emerging markets, which provide the opportunity to bring improved conditions to parts of our world devastated by a shortage of water and high-energy costs. These opportunities provide very attractive returns. Our technologies offer practical solutions to mankind's three oldest and most fundamental needs: clean drinking water, plentiful food, and sustainable, affordable energy without the use of fossil fuels.

For additional information regarding OTE, please visit the company's website at www.otecorporation.com.

About the OTEC EcoVillage

Ocean Thermal Energy Corporation is in the advanced planning stages for a global network of carbon-neutral, high-quality eco-resorts consisting of sustainable homes, condominiums, retail spaces, and an EcoHotel. Use of fossil-fuels is not allowed at the OTEC EcoVillage. The first OTEC EcoVillage is targeted for the US Virgin Islands where OTE has received regulatory approval for its 100% fossil-fuel free Ocean Thermal Energy Conversion (OTEC) system which will supply both the electricity and the water for the OTEC EcoVillage community. OTEC EcoVillage will be the world's first community powered entirely without the use of fossil fuels and using the natural resources of the ocean to deliver base-load electricity and water 24/7/365 days a year. OTEC EcoVillage will be a model for the future, living in harmony with nature, supplying affordable clean power and water for communities, and exemplifying best practices in ecologically responsible developments. For additional information regarding the OTEC EcoVillage, please visit the company's website at http://otececovillages.com.

About the Sky Institute for the Future

The mission of the Sky Institute is to implement pragmatic and sustainable strategies in design, energy, town planning, and agricultural production, and to create and incubate transformational ideas that will nourish healthy communities and educate current and future generations.

Safe Harbor Statement

Except for the historical information contained herein, this press release contains forward-looking statements made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that statements in this press release regarding OTE's plans or expectations constitute forward-looking statements. These statements involve risks and uncertainties that can cause actual results to differ materially from those in such forward-looking statements. These risks and uncertainties include, without limitation: a decision by any of the interested parties to not enter into a definitive power purchase agreement; the inability of the parties to successfully negotiate and enter into a definitive power purchase agreement; the inability of the parties to meet every closing condition contained in such definitive power purchase agreement and the protection and maintenance of OTE's intellectual property rights.

Additional information and factors that could cause actual results to differ materially from those in the forward-looking statements are contained in OTE's periodic reports filed with the Securities and Exchange Commission under the heading "Risk Factors." Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made, and the facts and assumptions underlying the forward-looking statements may change.

Except as required by law, OTE disclaims any obligation to update these forward-looking statements to reflect future information, events or circumstances.

Ocean Thermal Energy Corporation Contact:

Becky Wink Cooper
[email protected]

SOURCE: Ocean Thermal Energy Corporation

Source: ACCESSWIRE (June 19, 2018 - 8:30 AM EDT)

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