AP reported a story on Ocean Power Technologies yesterday that” Environmental regulators in Oregon are proposing approval of a New Jersey company's plan to put 10 wave energy buoys off the central coast.”
Ocean Power Technologies, Inc. (Nasdaq:OPTT) is a pioneer in wave energy technology that harnesses ocean wave resources to generate reliable, clean and environmentally-beneficial electricity. OPT has a strong track record in the advancement of wave energy, and participates in an estimated $150 billion annual power generation equipment market. OPT’s proprietary PowerBuoy® system is based on modular, ocean-going buoys that capture and convert predictable wave energy into clean electricity. The Company is widely recognized as a leading developer of on-grid and autonomous wave energy generation systems, benefiting from 15 years of in-ocean experience. OPT is headquartered in Pennington, New Jersey with an office in Warwick, UK. More information can be found at www.oceanpowertechnologies.com.
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