Representative Cynthia Thielen Speaks With Oceanlinx Dr Tom Denniss Founder

Part 3of 4 Chief Technology Officer
Dr Tom Denniss founded the Company (initially called Energetech Australia Pty Ltd) in 1997 and spent nine years as the Company's first CEO. He developed the core technology that Oceanlinx is now commercializing. Prior to forming the Company, he spent four years lecturing in mathematics and oceanography at the University of NSW and five years in an investment bank. He has continued as a prominent contributor to the marine technology industry over many years through both academia and industry conferences and committees around the globe. He is the recipient of a number of awards for his pioneering work in wave power.

As Chief Technology Officer Dr Denniss will continue to improve and advance Oceanlinx OWC technology as well as use his extensive global network of relationships with academic and industry leaders to further enhance the Company's position and profile as well as expand the Company's investment and business portfolio. Oceanlixn is coming to Maui

1997: Oceanlinx is founded by Dr. Tom Denniss (as Energetech Australia Pty Limited)
1999: Energetech receives a A$750,000 Federal Government grant to develop the Port Kembla project
November 2001: Energetech closes a round of venture capital funding with the Connecticut Innovations Incorporated in the USA, enabling the establishment of a US subsidiary, Energetech America
2002: Three European investment groups specializing in innovative energy technology invest US$3.75 million, and German based RWE Dynamics invests US$750,000
Marc 2003: The first full-scale Denniss-Auld turbine is successfully constructed and tested
November 2003: Energetech America receives grant funding of US$500,000 from two state renewable funds for the development and construction of a wave energy project in Rhode Island, USA
May 2004: Energetech is awarded a A$1.21 million research & development grant by the Australian Federal Government, facilitating its Wave Energy Optimisation program
March 2005: Energetech launches its Industry Advisory Service division
April 2005: The Centre for Energy and Greenhouse Technologies invests A$500,000
October 2005: Energetechs patented Denniss-Auld Turbine generates power and, via the desalination plant, fresh water at the test location in Port Kembla
December 2006: Energetech completes a permanent installation of its Port Kembla Wave Energy Plant
February 2007: £6.0 million fundraising with institutional investors
April 2007: The company changes its name to Oceanlinx
November 2007: £5.9 million investment from institutional and venture capital investors.
September 2008: $A16.0 million investment package from European venture capital investors.

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