Ocean Power Technologies, Inc. F4Q10 (Qtr End 04/30/10) Earnings Call Transcript

Ocean Power Technologies, Inc. (OPTT)

F4Q10 (Qtr End 04/30/10) Earnings Call Transcript

July 13, 2010 10:00 am ET

Executives

Brian Posner – CFO

Charles Dunleavy – CEO

Presentation

Operator

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Good day, everyone and welcome to Ocean Power Technologies’ fiscal year 2010 audio web cast. Today’s conference is being recorded and web cast. At this time for opening remarks, I would now like to turn the call over to Chief Financial Officer of Ocean Power Technologies, Mr. Brian Posner. Please proceed.

Brian Posner

Thank you. Good morning and welcome to Ocean Power Technologies’ audio web cast for the fiscal year ended April 30, 2010. Today we issued our year-end earnings press release and tomorrow we will be filing our annual report on Form 10-K with the Securities and Exchange Commission. Our public filings can be viewed on the SEC website at www.sec.gov or you may go to our website www.oceanpowertechnologies.com. It will be joined on today’s web cast by Charles Dunleavy, our Chief Executive Officer.

Please advance to slide two. 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 and 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-K and other recent filings with the Securities and Exchange Commission for a description of these and other risk factors.