Ocean Power Technologies Announces Adoption of New Employment Inducement Incentive Award Plan and Grant of Inducement Award
In addition, on the same date, the Compensation Committee of the Company’s Board of Directors granted an inducement award to
About Ocean Power Technologies
Headquartered in New Jersey, Ocean Power Technologies (Nasdaq:OPTT) is a pioneer in renewable wave-energy technology that converts ocean wave energy into electricity. OPT has developed and is commercializing its proprietary PowerBuoy technology, which has undergone periodic ocean testing since 1997. OPT specializes in designing cost-effective, and environmentally sound ocean wave based power generation and management technology for industries such as oil & gas, maritime security, defense, and telecommunications.
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Barwicki Investor Relations Inc.
Reputation Partners LLC
Source: Ocean Power Technologies, Inc.