Earnings Call Excerpt
Ocean Power Technologies, Inc. (OPTT)
F4Q08 Earnings Call
July 15, 2008 11:00 am ET
Executives
Charles F. Dunleavy – Chief Financial Officer, Senior Vice President, Treasurer, Secretary & Director
George W. Taylor, Ph.D. – Chief Executive Officer & Director
Mark Robert Draper – Chief Operating Officer, Chief Executive Officer & Director
Presentation
Operator
Welcome to the Ocean Power Technologies fiscal year 2008 audio webcast. (Operator Instructions) At this time for opening remarks I would like to turn the call over to the Chief Financial Officer of Ocean Power Technologies, Charles Dunleavy.
Charles F. Dunleavy
Welcome to Ocean Power Technologies audio webcast for the fiscal year ended April 30, 2008. Yesterday we issued our yearend earnings press release and we have filed our annual report on Form 10K with the Securities & Exchange Commission.
For access to our public filing you can view them on the SEC website at www.SEC.gov or you may go to our website, www.OceanPowerTechnologies.com and click on the investor relations tab then click on SEC filings. 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 of 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 10K and other recent filings with the Securities & 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 W. Taylor, Ph.D.
It has been a little more than a year since our IPO and listing on NASDAQ and we are encouraged and pleased by the progress OPT has made over the past 12 months. Before we discuss the financial results, Mark Draper and I would like to take a few minutes to highlight OPT’s business, our strategy and the progress we have made through the past year. We expect that this will enable us to capitalize on our worldwide opportunities.
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