BioPower Systems Collaborates With City of San Francisco on Wave Energy Project

SYDNEY, Oct. 22 /PRNewswire/ -- Australia's ocean energy company, BioPower
Systems, today announced that it had entered into a collaborative agreement
with the City of San Francisco to investigate the generation of wave energy
from the Pacific Ocean.

Under the agreement, BioPower will work with the San Francisco Public
Utilities Commission (SFPUC) to assess the feasibility of a project located
eight kilometres (five miles) off San Francisco's western beaches with a
generating capacity of between 10MW and 100MW. The proposed Oceanside Wave
Energy Project would consider installation of a wave farm using BioPower's
modular wave energy system, bioWAVET.

John Doyle, Acting Manager of Infrastructure at the SFPUC, said that the
project has the potential to add yet another source of renewable energy to the
City's power network. "The feasibility of ocean waves as an energy source is
being considered and this could lead to further project development."

Pending the results of a feasibility study, BioPower and the City of San
Francisco will work together to develop the project aimed at supplying clean
renewable electricity into the City's power grid by 2012.

The bioWAVET system is designed to supply utility-scale grid-connected
renewable energy while being out of view, and without affecting marine life.
The unique system sways in tune with the forces of the ocean, and naturally
streamlines when extreme conditions prevail, leading to cost-competitive
lightweight designs. Multiple bioWAVET devices, each with a capacity of 1MW,
would be installed as an undersea wave energy farm, with the combined power
output supplied to the on-land grid via subsea cable.

BioPower's CEO, Dr Tim Finnigan, said the collaboration was further
endorsement of the clear potential of the company's proprietary technology.

"Due in large part to Mayor Gavin Newsom's leadership, San Francisco is set to
become the model for renewable-powered cities of the future. It comprises an
environmentally aware populace that is supportive of renewable energy
alternatives as long as they prove to be cost effective, reliable, and
non-intrusive.

"We have already assessed the potential for economic energy production using
bioWAVET at the proposed project site, and the results are very promising. We
are confident that our collaboration with the City of San Francisco will
translate into substantial economic and environmental benefits," Dr Finnigan
added.

About The City and County of San Francisco

San Francisco was incorporated as a City on April 15th, 1850 by act of the
Legislature. Although City Government has played a key role in San Francisco's
development, the true wealth of this City resides with the creative and
entrepreneurial spirit of its pioneering Citizens. The City today is governed
by the Mayor and the Board of Supervisors. The San Francisco Public Utilities
Commission is a public agency of the City and County of San Francisco that
provides water, sewage, and power services to 1.6 million customers within
three San Francisco Bay Area counties.

About BioPower Systems

Australia's ocean energy company, BioPower Systems, is commercialising wave
and tidal energy systems that incorporate revolutionary designs based on the
concept of biomimicry. BioPower is designing its systems to naturally avoid
extreme ocean forces, using light-weight construction, resulting in
anticipated cost savings. The proprietary bioWAVETM and bioSTREAMTM
technologies are designed to have a combination of lighter, more resilient
structures to deliver both lower capital costs and lower energy generation
costs.

www.biopowersystems.com

Media Contact:

Sabine Prill
BioPower Systems Pty Ltd
Suite 213, National Innovation Centre
Australian Technology Park
4 Cornwallis St
Eveleigh NSW 2015
Australia
T: +61 (0)2 9209 4237
F: +61 (0)2 9209 4232
E: sprill@biopowersystems.com

SOURCE BioPower Systems

Sabine Prill of BioPower Systems Pty Ltd, +61 (0)2-9209-4237, Fax: +61
(0)2-9209-4232, or sprill@biopowersystems.com