Ocean Power Technologies Sees Solid Growth on Horizon with More than $1 Billion in Projects in Oregon and Australia

SUGAR LAND--September 17, 2012--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, reported continued progress on several major projects in the third quarter of 2012, including the first license for a wave power station to be issued by the U.S. Federal Energy Regulatory Commission (FERC). Industrial Info is tracking more than $1 billion in planned OPT projects.