HIGHLIGHTS

• // CETO Digital Development Programme achieving good progress towards cost reduction and performance targets to support CETO commercial pathway
• // Launched new spin-off product vision for a wave powered system for the aquaculture sector and other industries
• // Advanced Controllers achieving significant improvements with preparations underway for wave tank testing at the end of the year to validate Advanced Controller performance
• // Mooring Tensioner composite material testing commenced
• // Power Take-Off (PTO) hardware optimised to leverage new Advanced Controller capabilities
• // Carnegie featured as part of Hewlett Packard Enterprise premier business event – HPE Discover 2021
• // $1,000,000 sale of Carnegie’s legacy Higginsville gold royalty (post quarter end)
• // $465,000 cash received from the exercise of options
• // Reached over 3 GWh of energy generation at Garden Island Microgrid

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