 As of the 5th of March 2011 the model has been redeployed at the same site, primarily as a data collector for the EU funded Cores Project.It was developed by the HMRC in Cork and is now owned and developed by the spun off Oceanenergy.The OE Buoy is a version of a device known as the Backward Bent Duct Buoy (BBDB) which was invented in 1986 by wave energy pioneer and Japanese naval commander Yoshio Masuda.