Ocean Power Technologies, Inc.
| Nasdaq: OPTT
Ocean Power Technologies, Inc. is a wave-energy technology company, which engages in developing and commercializing proprietary systems that generate electricity by harnessing the renewable energy of ocean waves. It offers two PowerBuoy products, which consist of Utility PowerBuoy system and Autonomous PowerBuoy system. The Utility PowerBuoy system is designed to supply electricity to a local and regional power grid, utilities and other electrical power producers. The Autonomous PowerBuoy system is designed to generate power for use independent of the power grid in remote locations. The company was founded by George W. Taylor and Joseph R. Burns on April 19, 1984 and is headquartered in Pennington, NJ.