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): October 24, 2019

 

Ocean Power Technologies, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware   001-33417   22-2535818
(State or other jurisdiction
of incorporation)
 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

28 Engelhard Drive, Suite B
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 October 24, 2019 Ocean Power Technologies, Inc. issued a press release announcing participation in the OCEANS 2019 Conference & Exposition to be held October 27-31, 2019 in Seattle, Washington. A copy of the press release is furnished as Exhibit 99.1 to this report and is incorporated herein by reference.

 

Item 9.01 Financial Statements and Exhibits.

 

Exhibit Number   Description
     
*99.1   Press release dated October 24, 2019, Ocean Power Technologies, Inc. announcing participation in the OCEANS 2019 Conference & Exposition to be held October 27-31, 2019 in Seattle, Washington.

 

*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: October 24, 2019

 

  OCEAN POWER TECHNOLOGIES, INC.
   
  /s/ George H. Kirby III
  George H. Kirby III
  President and Chief Executive Officer

 

 

 

 

 

Exhibit 99.1

 

Ocean Power Technologies to Attend OCEANS 2019 Seattle Conference

 

MONROE TOWNSHIP, N.J., October 24, 2019 (GLOBE NEWSWIRE) — Ocean Power Technologies, Inc. (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy solutions, announced today that it will be attending the OCEANS 2019 Conference & Exposition October 27-31, 2019 in Seattle.

 

“We’re looking forward to attending OCEANS 2019,” said George H. Kirby, OPT President and Chief Executive Officer. “The event is a fantastic opportunity to discuss OPT’s transformative PowerBuoy® technology and the expertise of our Innovation and Support Services with international leaders representing academia, federal agencies, the U.S. Navy, and industry.”

 

Bi-annual OCEANS conferences are recognized for bringing together marine industry pioneers eager to learn about oceanic research, transport, and engineering technologies. The event is attended by more than 2,000 professionals, ranging from engineers and technologists to policy makers and educators, to highlight relevant topics, current trends, and cutting-edge technology to advance marine research, practices, and policies. To learn more visit https://seattle19.oceansconference.org/.

 

About Ocean Power Technologies

 

Headquartered in Monroe Township, New Jersey, Ocean Power Technologies aspires to transform the world through durable, innovative and cost-effective ocean energy solutions. Its PB3 PowerBuoy® and the near-term availability of its hybrid PowerBuoy® and Subsea Battery Solution, along with its Innovation and Support Services provide clean and reliable electric power and real-time data communications for remote offshore and subsea applications in markets such as oil and gas, defense and security, science and research, and communications. To learn more, visit www.oceanpowertechnologies.com.

 

Forward-Looking Statements

 

This release may contain “forward-looking statements” that are within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified by certain words or phrases such as “may”, “will”, “aim”, “will likely result”, “believe”, “expect”, “will continue”, “anticipate”, “estimate”, “intend”, “plan”, “contemplate”, “seek to”, “future”, “objective”, “goal”, “project”, “should”, “will pursue” and similar expressions or variations of such expressions. These forward-looking statements reflect the Company’s current expectations about its future plans and performance. These forward-looking statements rely on a number of assumptions and estimates which could be inaccurate, and which are subject to risks and uncertainties. Actual results could vary materially from those anticipated or expressed in any forward-looking statement made by the Company. Please refer to the Company’s most recent Forms 10-Q and 10-K and subsequent filings with the SEC for a further discussion of these risks and uncertainties. The Company disclaims any obligation or intent to update the forward-looking statements in order to reflect events or circumstances after the date of this release.

 

 

 

 

Investor Relations Contact:

Matthew Abenante, IRC

Porter, LeVay & Rose

Email: ocean@plrinvest.com

Phone: 212-564-4700

 

Business Development Contact:

David Marchetti, Senior Director, Americas

Ocean Power Technologies, Inc.

Email: dmarchetti@oceanpowertech.com

Phone: 609-730-0400

 

Media Contact:

Barry Jeckell

Ocean Power Technologies

Email: bjeckell@oceanpowertech.com

Phone: 609-730-0400

 

 

Ocean Power Technologies, Inc.

www.oceanpowertechnologies.com