Seakinetics Eyes Substantial Upside in Marine Energy Sector: Agreesto Participate in the Development of Wave Energy Turbine

FRANKFURT, GERMANY -- (MARKET WIRE) -- 03/31/09 --  Seakinetics Corp
(FRANKFURT: SKTS), an emerging growth company in renewable energy
technologies, reports that in conjunction with its joint venture
partner, RE-Tech Project Finance, the Company plans to launch a
significant initiative this Spring to provide financial and technical
support for the development of a proprietary wave energy turbine
currently in the final design stages in Israel.
 
Says Jack Dhaliwal, Seakinetics' Chief Technology Officer, "The
Israeli invention is by far totally unique in the industry. If
successful, I firmly believe that by reducing the conventional costs
of generating power through marine energy, it will allow wave energy
farms to rival wind or solar. Ocean energy power is where wind power
was a half a century ago. With tens of thousands of kilometers of
potential wave power now available from the world's ocean surfaces, I
am confident that by deploying leading edge technologies on wave
farms around the world, the benefits to both the investor and
consumer will be very gratifying".
 
Adds Mr. Dhaliwal,' Wave energy will be big business over the short
to medium term. Our research is telling us that ocean energy can
supply at least 10% of the world's electricity needs. And for
Seakinetics, that truly represents an opportunity of unusual scope
and dimension."
 
Seakinetics Corp. (www.seakineticscorp.com) is a public Corporation
established in 2008 for the purpose of designing, developing, and
marketing ground breaking technologies in the renewable energy field.
Shares of Sea kinetics Corp are traded on the Open Market Segment of
the Frankfurt Exchange. A public offering of Sea kinetics shares was
not made in connection with their inclusion on the Open Market
Frankfurt.
 
RE-TECH Project Finance is a privately held developer and financier
of new processes and methodologies used to harness power in the most
cost effective and efficient way possible.
 
Forward-Looking Statements
 
This press release contains "FORWARD-LOOKING STATEMENTS" within the
meaning of the Private Securities Litigation Reform Act of 1995.
Statements in this release are forward-looking statements based on
current expectations and assumptions that are subject to known and
unknown risks, uncertainties, or other factors which may cause actual
results, performance, or achievements of the company to be materially
different from any future results, performance, or achievements
expressed or implied by such forward looking statements.
 
Actual results could differ materially because of factors such as the
effect of general economic and market conditions, entry into markets
with vigorous competition, market acceptance of new products and
services, continued acceptance of existing products and services,
technological shifts, and delays in product development and related
product release schedules, any of which may cause revenues and income
to fall short of anticipated levels. All information in this release
is as of the date of this release. The company undertakes no duty to
update any forward-looking statement to conform the statement to the
actual results or changes in the company's expectations.
 
Contacts:
Michael S Wexler
In NA: 1-613-731-5935
In Europe: 48-668-159-995
michael.wexler@globalvanet.com
 
This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.