Last $2.72 USD
Change Today -0.01 / -0.37%
Volume 210.9K
OPTT On Other Exchanges
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

ocean power technologies inc (OPTT) Snapshot

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52 Week High
03/11/14 - $7.01
52 Week Low
05/6/13 - $1.47
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ocean power technologies inc (OPTT) Details

Ocean Power Technologies, Inc. engages in the development and commercialization of proprietary systems that generate electricity by harnessing the renewable energy of ocean waves primarily in the United States, Europe, Asia, and Australia. It offers utility PowerBuoy system to supply electricity to a local or regional electric power grid; and autonomous PowerBuoy system that is designed to generate power for use independent of the power grid in remote locations. The company sells its products to public utilities, independent power producers, and other governmental entities and agencies, as well as public and private entities that use electricity in and near the ocean. Ocean Power Technologies, Inc. was incorporated in 1984 and is headquartered in Pennington, New Jersey.

34 Employees
Last Reported Date: 07/12/13
Founded in 1984

ocean power technologies inc (OPTT) Top Compensated Officers

Chairman of the Board and Chief Executive Off...
Total Annual Compensation: $439.7K
Compensation as of Fiscal Year 2013.

ocean power technologies inc (OPTT) Key Developments

OPTT Seeks Acquisitions

Ocean Power Technologies, Inc. (NasdaqGM:OPTT) is looking for acquisition opportunities. It intends to use a portion of the net proceeds to acquire or invest in complementary businesses, products and technologies. It evaluates acquisition opportunities and engages in related discussions with other companies from time to time and may use a portion of the proceeds from this offering in connection with one or more such acquisitions.

Ocean Power Technologies, Inc. Announces Retirement of George W. Taylor as Executive Vice Chairman and Co-Founder

Ocean Power Technologies, Inc. and Dr. George W. Taylor, Executive Vice Chairman and co-founder of the company, have agreed on a transitional arrangement for Dr. Taylor effective March 18, 2014. Dr. Taylor will retire from the position of Executive Vice Chairman and as an employee of the company and its subsidiaries, effective immediately. Dr. Taylor continues to serve on the Board of Directors of the company, and the company expects that Dr. Taylor will continue to assist OPT in a consulting role with the company in order for it to have access to his broad and deep knowledge of and experience with the company and its technology.

Ocean Power Technologies, Inc. Announces Management Changes

Ocean Power Technologies, Inc. has appointed David Heinz as vice president of autonomous power and Mark Featherstone as CFO. Mr. Heinz previously held the position of vice president and General Manager of the Maritime Systems division of iRobot Corp. Previously Mr. Heinz served as a Major General in the US Marine Corps, where he ran large acquisition programs, performed oversight of worldwide military operations, and had tours with aviation squadrons in combat situations. Mark brings to the Company significant experience as a senior finance and accounting officer at private and public companies, including Heat Transfer Products Group, Quaker Chemical Corporation, Coty Inc., and Scott Paper Company.


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Price/Sales 21.7x
Price/Book 2.0x
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TEV/Sales 19.9x

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