Newburyport: Bill Staby, Founder and CEO of Resolute Marine Energy, left, points out diagnostic equipment for the oscillating wave surge converter, pictured, to Jeffrey Simon, the director of the Massachusetts Recovery and Reinvestment Office. The surge converter, in the development stage, will be lowered into the ocean to convert wave energy to electricity and Simon was visiting to the the impact stimulus funds have had on the company, its research, employees and supporting businesses. Bryan Eaton/Staff Photo

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