UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current
Report Pursuant to Section 13 or 15(d) of
the Securities Act of 1934
Date of Report (Date of earliest event reported): December 19, 2017
Ocean
Power Technologies, Inc.
(Exact name of registrant as specified in its charter)
| Delaware | 001-33417 | 22-2535818 | ||
(State
or other jurisdiction |
(Commission File Number) |
(I.R.S.
Employer |
| 28
Engelhard Drive Monroe Township, New Jersey |
08831 | |
| (Address of principal executive offices) | (Zip Code) |
(609)
730-0400
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| [ ] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| [ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| [ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14-2(b)) | |
| [ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CRF 240.133-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).
Emerging growth company [ ]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.[ ]
| Item 8.01 | Other Events |
On December 19, 2017, Ocean Power Technologies, Inc. issued a press release announcing it had completed its move to an expanded new office location in Monroe Township, New Jersey. A copy of the press release is furnished as Exhibit 99.1 to this report and is incorporated herein by reference.
| Exhibit Number | Description | |
| *99.1 | Press release dated December 19, 2017 regarding move to expanded new office location. |
*Furnished herewith.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: December 19, 2017
| OCEAN POWER TECHNOLOGIES, INC. | |
| /s/ George H. Kirby III | |
| George H. Kirby III | |
| President and Chief Executive Officer |
Exhibit 99.1
Ocean Power Technologies Completes Move to its Expanded New Location in Monroe Township, New Jersey
MONROE TOWNSHIP, N.J., December 19, 2017 (GLOBE NEWSWIRE) — Ocean Power Technologies, Inc. (Nasdaq: OPTT) today announced it has completed the relocation of its corporate headquarters and manufacturing operations, effective December 18, 2017. The expanded facility is located at 28 Engelhard Drive in Monroe Township, New Jersey, approximately 40 miles southwest of New York City.
“We are excited to have moved into our expanded facility. The new location will help enable our future growth and support for customers around the world. It enhances our manufacturing capabilities and advances our safety and quality programs. This new location also provides us the ability to scale the business by continuing to grow our manufacturing, sales and marketing teams to drive business development,” said George Kirby, President and CEO of Ocean Power Technologies.
“The move to the new location is an important step for our company, our customers and our employees, and it has come at the right time to address what we believe is increased demand for our products and services. We are prepared to welcome guests from around the world to better acquaint them with our business and technology and this new campus will allow for manufacturing of multiple buoys in a highly technical space. We will be able to hire the best and brightest talent from a surrounding area that is home to more scientists and engineers per square mile than anywhere in the country. This relocation is certainly a key milestone for Ocean Power Technologies.” Kirby added.
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 seeking to commercialize its proprietary PowerBuoy technology, which is based
on a modular design and 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 additional information:
www.oceanpowertechnologies.com
https://www.facebook.com/oceanpowertechnologies/?ref=bookmarks
https://www.linkedin.com/company/413774/
https://twitter.com/OceanPowerTech?lang=en
https://www.instagram.com/oceanpowertechnologies/?hl=en
Investor Relations Contact:
Andrew Barwicki
Barwicki Investor Relations Inc.
Phone: 516-662-9461
Media Contact:
Marilyn Vollrath
Reputation Partners LLC
Phone: 414-376-8834