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Thursday, November 26, 2009, 2:37AM ET - U.S. Markets Closed for Thanksgiving Day. Dow Up 0.29% Nasdaq Up 0.32%
Ocean Power Technologies, Inc (OPTT)On Nov 25: 8.77  Down 0.02 (0.23%)  
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Ocean Power Technologies, Inc
1590 Reed Road
Pennington, NJ 08534
United States - Map
Phone: 609-730-0400
Fax: 609-730-0404
Web Site: http://www.oceanpowertechnologies.com

DETAILS 
Index Membership:N/A
Sector:Utilities
Industry:Electric Utilities
Full Time Employees:57

BUSINESS SUMMARY 
Ocean Power Technologies, Inc. engages in the development and commercialization of proprietary systems that generate electricity by harnessing the renewable energy of ocean waves. The company’s product portfolio includes utility PowerBuoy system, which is designed 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. Its customers include public utilities, independent power producers, and other governmental entities and agencies. The company markets and sells its products in the United States and internationally. Ocean Power Technologies, Inc. was incorporated in 1984 and is headquartered in Pennington, New Jersey.
Key Statistics

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    CORPORATE GOVERNANCE 
    Ocean Power Technologies, Inc's Corporate Governance Quotient (CGQ®) as of 6-Nov-09 is better than 42.7% of CGQ Universe companies and 24.2% of Capital Goods companies.
    Brought to you by Institutional Shareholder Services.

    KEY EXECUTIVES 
     PayExercised
    Dr. George W. Taylor , 75
    Co-Founder and Exec. Chairman
    $ 636.00K $ 0
    Mr. Mark Robert Draper , 46
    Chief Exec. Officer, Exec. Director of UK Ocean Power Technologies Ltd
    $ 525.00K $ 0
    Mr. Charles F. Dunleavy , 60
    Chief Financial Officer, Principal Accounting Officer, Sr. VP, Sec., Treasurer
    $ 427.00K $ 0
    Mr. Herbert T. Nock , 59
    VP of Bus. Devel. & Marketing
    $ 242.00K $ 0
    Dr. Phil Hart ,
    Chief Technology Officer
    N/A N/A
    Dollar amounts are as of 31-Dec-09 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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