Monday, July 14, 2008

Hawaii Wave Project has Positive Impact on Ocean Power Technologies' Bottom Line

London paper, City A.M. reports that Ocean Power Technologies ("OPT") saw full-year revenues increase 89% to $4.8m, though losses increased to $14.7m, compared to a net loss of $9.6m in the prior year. "OPT continued to make good progress during fiscal year 2008, as evidenced by our strong revenue growth mainly due to projects in Hawaii, Spain and Scotland," it said.

Read more about the Hawaii wave energy project at

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