Ocean Power Technologies, Inc. announced financial results for its Fiscal 2014 third quarter and the nine months ended January 31, 2014.
Highlights
“We are very grateful for the support of the Australian Government and ARENA in working with us to make positive improvements to the funding deed and for their supporting our unique and game-changing technology,” said Charles F. Dunleavy, Chief Executive Officer of OPT . “This new agreement significantly improves our ability to attract investors during the early stages of the project. We also appreciate the involvement of Lockheed Martin and its continuing efforts as the project enters its next phase.” Dunleavy continued, “During the quarter we have also taken important steps to improve the Company’s execution capability with the hiring of experienced members of the executive team and expanding our capital base.”
Press release, March 14, 2014; Image: opt