Ocean Power Technologies develops and is commercializing systems that generate electricity using the renewable energy of ocean waves. The company offers two PowerBuoy products, which consist of its utility PowerBuoy system and its autonomous PowerBuoy system. OPTT’s utility PowerBuoy system is designed to supply electricity to a local or regional electric power grid; its autonomous PowerBuoy system is designed to generate power for use independent of the power grid in remote locations. For more information, visit the company’s Web site: http://www.oceanpowertechnologies.com
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