2008 - MPS Founded by Dr Gareth Stockman and Dr Graham Foster
The WaveSub was originally invented after a detailed study of the requirements for an improved method of wave energy extraction and understanding the problems preventing devices reaching commercialisation.
MPS quickly raised sufficient capital to develop and test a small-scale model of their WaveSub.
The first WaveSub patent was filed in July 2008 and following this a thorough review and benchmarking exercise was carried out. The result was that the WaveSub offered substantial advantages over existing devices and the decision was made to form a company to develop the WaveSub.