Ocean Power Technologies (OPTT) Posts Q4 Loss of 21c/Share

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Ocean Power Technologies Announces Results for the Fiscal Fourth Quarter and Full Year Ended April 30, 2014

July 29, 2014 7:02 PM EDT

PENNINGTON, N.J., July 29, 2014 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (Nasdaq: OPTT) ("OPT" or "the Company") today announced financial results for its Fiscal 2014 fourth quarter and full-year ended April 30, 2014 ("fiscal 2014").

David L. Keller, Interim Chief Executive Officer of OPT, stated, "There have been several significant events and much change since the Company last reported financial results. We believe we have fully disclosed this information in our filings. These events have caused us to redirect the Company's strategy and advancement of our technological capabilities. We remain focused on bringing our developing technology to... More