|Description||Ocean Wave Electricity Production|
|Venture Round, 1/10 ||$1.03M|
Navatek, Ltd. was founded in 1979 and operates out of offices in Honolulu, Hawaii with 47 employees and annual sales of $17 million. Navatek is a subsidiary of privately-owned Pacific Marine, founded in 1944, with 350 employees and annual revenues of $73 million. Parent company Pacific Marine also owns Pacific Shipyards International LLC, the Stateâ€™s largest commercial ship repair company.
Since its founding 30 years ago, Navatek has been producing innovation through research â€“ inventing, developing, building and testing at sea advanced ship hull designs and associated technologies (e.g. ride control systems) for the U.S. Navy and for foreign military allies of the U.S.; and for commercial clients. Navatek holds 23 U.S. and foreign patents on its inventions, with six patents pending. A number of Navatek proprietary, patented technologies have transitioned to commercialization, with additional technologies scheduled to enter the market in the near future.
Our research team has world-class expertise in advanced hull form hydrodynamic research and naval architecture. We maintain our own shipyard facilities and demonstration vessels, supported by a staff whose breadth of experience spans all aspects of ship and boat construction as well as commercial vessel operations. Leveraging our hydrodynamics and ocean engineering expertise, Navatek also conducts research in the areas of wave energy conversion (WEC) systems and energy storage systems; and provides hydrodynamics/computational fluid dynamics (CFD) consulting services to outside clients.