The Economist Names Liquid Robotics as Top Innovator for the World Ocean Innovation Challenge

CACAIS, PORTUGAL--(Marketwired - Jun 5, 2015) - THE ECONOMIST EVENTS' WORLD OCEAN SUMMIT - Liquid Robotics^®, a pioneer of unmanned ocean robots, was honored by The Economist as the winner in the inaugural Ocean Innovation Challenge. Announced at The Economist's World Ocean Summit Gala event sponsored by National Geographic and Blancpain, Liquid Robotics was honored for the Wave Glider, their revolutionary wave powered ocean robot. Selected by a distinguished panel of judges composed of international luminaries in the ocean, investment and governmental sectors, the Wave Glider was chosen from over 60 global entrants for their pioneering technology that "contributes most to the 'blue economy,' while presenting an environmentally sustainable and commercially viable solution." Roger Hine, Co-Founder, CTO and inventor of the Wave Glider accepted the award on behalf of Liquid Robotics.

"We are absolutely delighted that Liquid Robotics has won the inaugural Ocean Innovation Challenge," said Charles Goddard, executive director, World Ocean Summit, The Economist. "Sixty competitors came in from the beginning and were whittled down to three and then to one. We feel Liquid Robotics was a tremendously deserving winner mainly due to the importance of ocean monitoring as it will be one of the most critical things in the future of our understanding of the ocean and how we interact in the Blue Economy. We are delighted this particular innovation has won."

"We are honored and thrilled to be named the winner of The Economist's inaugural Ocean Innovation Challenge," said Gary Gysin, President and CEO of Liquid Robotics. "This recognition underscores the importance and unlimited potential robotics has to offer to all economies including the Blue Economy. When we look back decades from now we'll be amazed at the discoveries and new businesses fostered through ocean robotics and we are thrilled to be leading this charge."

About Liquid Robotics:

Liquid Robotics instruments the ocean with fleets of networked, wave powered ocean robots. Wave Gliders are transforming ocean observation, making data collection and monitoring easier, safer and more cost effective. We solve critical problems for defense, oil & gas, commercial and science customers. Liquid Robotics is a venture-backed company. Visit www.liquidr.com.

Liquid Robotics and Wave Glider are registered trademarks of Liquid Robotics, Inc., in the United States and other countries.