Earnings Call Excerpt
Ocean Power Technologies, Inc. (OPTT)
F1Q09 (Qtr End 07/31/08) Earnings Call Transcript
September 9, 2008 9:00 am ET
Executives
Charles Dunleavy – SVP and CFO
George Taylor – CEO
Mark Draper – COO
Presentation
Operator
Good day, everyone, and welcome to the Ocean Power Technologies audio webcast. Today’s conference is being recorded and webcast. At this time for opening remarks and introductions I would like to turn the call over to the Chief Financial Officer of Ocean Power Technologies, Mr. Charles Dunleavy. Please go ahead, sir.
Charles Dunleavy
Thank you. Good morning and welcome to Ocean Power Technologies audio webcast for the first quarter ended June 30, 2008. Earlier today we issued our first quarter results press release and we will be filing our Form 10-Q with the Securities and Exchange Commission today. For access to our public filings, you can view them on the SEC website at www.sec.gov or you may go to our website, oceanpowertechnologies.com. I will be joined on today’s webcast by Dr. George Taylor, Chief Executive Officer, and Mark Draper, Chief Operating Officer.
During the course of this conference call, management may make projections or other forward-looking statements regarding future events or financial performance of the company within the meaning of the Safe Harbor provision of the Private Securities Litigation Reform Act of 1995.
As indicated in the slide, these forward-looking statements are subject to numerous assumptions made by management regarding future circumstances over which the company may have little or no control that involve risks and uncertainties and other factors that may cause actual results to be materially different from any future results expressed or implied by such forward-looking statements. We refer you to the company’s Form 10-Q and other filings with the Securities and Exchange Commission for a description of these and other risk factors.
I will now turn the call over to George Taylor, our Chief Executive Officer.
George Taylor
Thank you, Chuck, and thanks to everyone who has joined us for today’s webcast. Our last webcast was in July when we reported our results for fiscal year ended April 30, 2008. In the short time (inaudible) since then, I’m pleased to tell you that we’ve made enhancements with both our technology and projects for our customers such as the US Navy, PNGC Power in Oregon, Iberdrola in Spain, and the Scottish government. This work along with the June agreement with Griffin Energy, a leading diversified West Australian energy supplier, are encouraging signs that OPT continues to gain traction in the global alternative energy marketplace.
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