DALLAS, Oct. 19, 2009 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring electric power company Ocean Power Technologies, Inc. (Nasdaq:OPTT). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Ocean Power Technologies, Inc. (Nasdaq:OPTT) should be of particular interest to other power companies: Exelon Corp. (NYSE:EXC), American Electric Power Co., Inc. (NYSE:AEP), Duke Energy Corp. (NYSE:DUK) and FirstEnergy Corp. (NYSE:FE).
It is available at: http://www.beaconequity.com/i/OPTT
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Ocean Power Technologies, Inc. (OPTT) develops and commercializes proprietary electricity generation systems of renewable energy through harnessing the power of ocean waves. The Company's PowerBuoy system is designed to supply electricity to local and regional power plants; the autonomous PowerBuoy system generates and supplies electricity independent of the grid to remote locations.
Message Board Search for OPTT: http://www.boardcentral.com/boards/OPTT
In the report, the analyst notes:
"On October 13, the Company announced that it signed an engineering agreement with Lockheed Martin, helping the Company move its PowerBuoys closer to mass production. The agreement stipulates that the goal is to develop utility-scale marine power systems of 10MW of power covering 30 acres located off the west coast.
"On October 8, the Company announced that it signed an agreement with Mitsui Engineering, Idemitsu Kosan and Shipbuilding Co. Ltd. to develop a marine energy power station in Japan. Reuters reported that the agreement to build a power station off the coast of northern Japan is scheduled to commence next year or 2011, and involves a proposal to deliver either a 40 kilowatt or 150 kilowatt system."
To read the entire report visit: http://www.beaconequity.com/i/OPTT
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