Ocean Industries, Taiwan, has hinted that they are getting ready to go to an initial public offering with their venture capital partners Venture Associates.
At Ocean Industries the rumours are abound are that this is definitely in the pipeline, according to a source close to the Taiwan based company. If this speculation turns out to be true then it will lead to a surge in stock purchases presently being managed by the venture capital group Venture Associates.
“Ocean Industries are now in a position to seriously effect their technology in an open market environment”
“Ocean Industries have been testing their generator in a real-life environment for over 3 years and are confident that their technology is the best available on the open market and are, therefore, looking forward to generating more capital for production through an Initial Public Offering through Venture Associates.
Venture Associates formed a clean energy fund in 2003, the focus of which is on investments in the cleantech sector, including investments in alternative energy, energy storage and efficiency, advanced materials, and water purification. Venture Associates partner with strong management teams in early stage clean technology companies to help bring innovative products and services to market and therefore find symbiosis in the products offered by Ocean industries.
