Archive for June, 2011

RME Closes Seed Financing Round

June 30th, 2011

Boston, MA – Resolute Marine Energy, Inc. (RME) has closed its Seed financing round. Proceeds from the financing will be used to drive RME’s product development and intellectual property development activities. The round was led by several Boston-area family trusts with the participation of private individuals. RME CEO Bill Staby commented; “These funds will leverage the federal R&D grants we’ve been receiving and will allow us to move more quickly toward our goal of commercialization in 2013.” “We are committed both to building shareholder value and to creating and sustaining an enterprise our shareholders are proud to be part of.”

Dr. Dick K.P. Yue Joins RME Advisory Board

June 22nd, 2011

RME is pleased to announce that Dr. Dick K.P. Yue has joined RME’s Advisory Board. Dick is the Philip J. Solondz Professor of Engineering and Professor of Mechanical and Ocean Engineering at MIT where has been a faculty member in Ocean Engineering since 1983. His main research contributions are in theoretical and computational hydrodynamics, and he is internationally recognized for his expertise on ocean and coastal wave dynamics including extensive work in nonlinear wave mechanics, large-amplitude motions and loads on ships and offshore structures and for his seminal contributions in developing numerical methods for analyzing these types of problems. He has authored/co-authored more than two hundred papers and a two-volume textbook on wave hydrodynamics and ocean fluid mechanics.
“We’re honored to have Dick on our team,” said RME CEO Bill Staby. “Not only is he a recognized world leader in his field, but he is also incredibly creative and deeply committed to the idea that wave energy can play a significant role in the world’s renewable energy future”

RME Completes Tank Tests at BOEMRE’s Ohmsett Facility with FERC and DOE Observers

June 20th, 2011

During the week of June 6th – 10th, RME successfully completed another round of scale-model tank tests of a second-generation SurgeWECTM prototype at the Bureau of Ocean Energy Management Regulation & Enforcement (BOEMRE) Ohmsett facility in Leonardo, NJ. RME Senior Engineer Cliff Goudey commented, “This round of tank tests were of great value to our technology development program.” “A large facility such as Ohmsett not only provides more reliable performance assessment, but its wave-making capabilities allowed us to do our "model" tests at the same scale as the ocean tests we are planning for this fall.” “Indeed, the device and all associated test apparatus will remain largely unchanged between the two venues which will allow us to make more rapid progress under our DoE-funded Phase II SBIR R&D program.”
RME CEO Bill Staby also commented: “We were pleased that several officials from FERC and DoE took the time to visit us during the week to observe first-hand how SurgeWEC works and how rigorous tank testing protocols and experimentation can reduce the real and perceived risks associated with deploying these devices in the ocean.”

Julianne Zimmerman Joins RME Advisory Board

June 1st, 2011

RME is pleased to announce that Julianne Zimmerman has joined RME’s Advisory Board. Julianne provides strategic consulting services to organizations putting technology to work for the greater good. She has been active in the clean/greentech space since 2002, and in technology since 1989, with over 20 years experience in small and early-stage companies. She was previously a member of the three-person startup team and Director of Business Development of GreenFuel Technologies Corporation, an algae biofuel company, where she devised and executed the company’s communications program and managed the design and on-schedule deployment of the company’s first customer field trial. She also previously served as VP of Engineering at Ovation Products, a water purification company. Julianne was twice a finalist in the NASA astronaut selection program and she earned Bachelor’s degrees from MIT in Aeronautical / Astronautical Engineering and an MS from the University of Maryland in Aerospace Engineering.
“We’re so very pleased to have Julianne on our team,” said RME CEO Bill Staby. “She is perhaps the clearest business thinker and most effective communicator I have come across in my entire business career and we look forward to the benefits of her advice.”