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Dynamic quotes 
OFFON

OCEAN POWER TECHNOLOGIES, INC.

(OPTT)
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Business Summary
Logo Ocean Power Technologies, Inc.
Ocean Power Technologies, Inc. is developing and seeking to commercialize its systems that generate electricity by connecting the renewable energy of ocean waves. The Company's PowerBuoy systems use technologies that convert the mechanical energy created by the rising and falling of ocean waves into electricity. The Company focuses on developing its PowerBuoy product line, which is based on modular, ocean-going buoys. Its autonomous PowerBuoy generates power for use in remote locations, independent of an existing power grid. The Company focuses on developing and commercializing its PowerBuoy products and services for use in autonomous power applications. The Company markets its PowerBuoys in the United States and internationally. The autonomous PowerBuoy integrates a power take-off (PTO) and onboard system for energy storage and management. Its PowerBuoy product is the PB3. PB3 can act as an uninterruptable power supply (UPS), which recharges itself by harvesting energy from the waves.

Number of employees : 36 people.
Sales per Business
2020
USD (in Million)%
EGP1.2172%
Eni S.p.A0.17310.3%
Other0.1508.9%
Premier Oil UK Limited0.1488.8%
Sales per region
20192020Delta
USD (in Million)%USD (in Million)%
North America0.632100%1.68100% +166.14%
Managers
NameAgeSinceTitle
George H. Kirby502015President, CEO & Executive Director
Matthew T. Shafer492016CFO, Treasurer & Vice President
Terence James Cryan582014Chairman
John W. Lawrence--Secretary & General Counsel
Jeffrey R. Wiener372019Vice President-Global Sales
Members of the board
NameAgeSinceTitle
Terence James Cryan582014Chairman
George H. Kirby502015President, CEO & Executive Director
Clyde Winston Hewlett662020Director
Diana Garvis Purcel532020Director
Peter E. Slaiby-2020Director
Equities
Vote QuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 51,006,800 50,971,493 99.9% 21,040 0.0% 99.9%
Shareholders
NameEquities%
Morgan Stanley & Co. LLC 1,040,392 2.04%
BlackRock Fund Advisors 712,032 1.40%
The Vanguard Group, Inc. 531,451 1.04%
Anson Funds Management LP 397,117 0.78%
BofA Securities, Inc. 276,127 0.54%
Bank of America, NA (Private Banking) 276,055 0.54%
Geode Capital Management LLC 254,204 0.50%
AWM Investment Co., Inc. 211,891 0.42%
Sabby Capital LLC 150,000 0.29%
Manatuck Hill Partners LLC 100,000 0.20%