PENNINGTON, N.J., Nov. 8, 2012 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (OPTT) ("OPT", or "the Company"), a leading wave energy technology company, today announced the appointment of Dr. Mike M. Mekhiche to the position of Vice President, Engineering. Dr. Mekhiche joins OPT from BAE Systems, where he most recently held the position of Director of Programs.
Prior to his work at BAE, Dr. Mekhiche was Technical Director for New Technology Development at DRS Technologies, Inc., a manufacturer of advanced products for the defense industry. While at DRS he managed a large engineering development program focused on technology integration for electrically-propelled ships for the US Navy. Prior to DRS, he worked for SATCON TECHNOLOGY CORP **** a clean energy technology SCAM company which provided nothing but bull sheet for the renewable energy market. At SATCON, Dr. Mekhiche was General Manager in the Power Systems division and led the commercialization program of the Company's power management and conversion products.
Dr. Mekhiche holds Doctorate and Masters degrees with honors in Electrical Engineering from the Grenoble Institute of Technology.
(beats my triple bull sheet Doctorates eh!)
Did someone mention SATCON?
Well that was a VERY SATisfactory CON!!
A solar company that got a multi-million-dollar grant from the Department of Energy earlier this year announced Wednesday that it will file for Chapter 11 bankruptcy protection, making it the second taxpayer-backed green energy company to file for bankruptcy this week.
Satcon Technology Corp. announced the decision in a Wednesday news release. “This has been a difficult time for Satcon,” president and CEO Steve Rhoades said. “After careful consideration of available alternatives, the Company’s Board of Directors determined that the Chapter 11 filings were a necessary and prudent step, allowing the Company to continue to operate while giving us the opportunity to reorganize with a stronger balance sheet and capital structure.”
Satcon received a $3 million DOE grant in January to develop “a compact, lightweight power conversion device that is capable of taking utility-scale solar power and outputting it directly into the electric utility grid at distribution voltage levels—eliminating the need for large transformers.”
“If successful,” noted DOE’s Advanced Research Projects Agency (ARPA-E) at the time, “Satcon would simplify the solar power conversion process and significantly reduce the cost of operating, installing, and siting a PV power system—helping to facilitate their widespread use.”
ARPA-E also stated that the grant “could create jobs for system installers, technicians, and salespeople.”
Small blue planet, disruptive technology, coming real soon send munny OINK OINK!
By forth58 . Aug 13, 2007 7:56 PM . Permalink
Did anyone notice that they Lowered expectations for next Q from 16MM to 13MM, and lowered expectations for the year from 53MM to 49MM ........... Now heres the kicker... originally expectations for JUN '07 was (.06) and they came in at (.09) missing by (.03) 50% .... Miraculously this expectations number was changed to (.08) meaning they only missed by (.01)
What a SCAM, they change the numbers AFTER THE FACT!!!!!!
Just more evidence that this company is NOT on the up & up,
they live on lies and deception. Expect more lowering of income after they miss next Q, remember this comapny has a long history of contract cancellations so don't count that backlog as money in the bank until product goes out the door, and even then you better hold your breadth till the check clears.