Ocean Power Technologies Progresses on Key Wave Energy Projects in Fiscal Third-Quarter 2014, Expands in Japan

SUGAR LAND--March 17, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--Ocean Power Technologies Incorporated (NASDAQ:OPTT) (OPT) (Pennington, New Jersey), which designs and produces wave-energy devices for the renewable power sector, continued to face delays on a key project in Oregon in the third quarter of the company's 2014 fiscal year, but made progress on several others, including what will soon become the world's largest wave energy project in Australia. Industrial Info is tracking more than $1 billion in active projects involving OPT.

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