Ocean Power Technologies Establishes New Business Unit to Drive Growth

New Unit Will Focus on Addressing Global Market Potential for Autonomous PowerBuoys
PENNINGTON, N.J., Nov. 6, 2012 (GLOBE NEWSWIRE) — Ocean Power Technologies, Inc. (Nasdaq:OPTT) (“OPT” or “the Company”), a leading wave energy technology company, today announced the formation of an Autonomous PowerBuoy Business Unit within the Company. This new group will target and develop opportunities in the large potential market for OPT’s non-grid-connected PowerBuoys.
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Categories: Enviro/Energy/Engineering Industry Network

Author:NJ Tech Council

The New Jersey Tech Council helps companies grow and supports the tech, innovation and entrepreneurial ecosystems in the state and region.

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