Ocean Power Technologies

Ocean Power Technologies (Nasdaq:OPTT) is a pioneer in renewable wave-energy technology that converts ocean wave energy into electricity. OPT specializes in advanced autonomous (not grid connected), cost-effective, and environmentally sound ocean wave based power generation and management technology. The PowerBuoy® wave energy system integrates patented technologies in hydrodynamics, electronics, energy conversion, and computer control systems to extract the natural energy in ocean waves. The result is a leading edge, ocean-tested, proprietary autonomous system that turns wave power into reliable, clean, and environmentally beneficial electricity for remote offshore applications. Wave power is abundant in all areas of the world and its harnessing offers a dependable clean source of renewable and cost effective energy. OPT’s PowerBuoy® product line provides persistent and reliable power and real-time communications for marine applications.