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Ocean Power Technologies' CEO Discusses F2Q12 Results - Earnings Call Transcript

Ocean Power Technologies, Inc (OPTT)

F2Q12 Earnings Call

December 09, 2011 10:00 am ET


Charles Frederick Dunleavy - Chief Executive Officer and Director

Brian M. Posner - Chief Financial Officer, Principal Accounting Officer, Secretary and Treasurer


Gerard Adams

Robert Littlehale

Robert W. Stone - Cowen and Company, LLC, Research Division



Good day, ladies and gentlemen, and welcome to the Ocean Power Technologies' Fiscal Year 2012 Second Quarter Conference Call. [Operator Instructions] As a reminder, this conference is being recorded and webcast. I will now turn the call over to the Chief Financial Officer of Ocean Power Technologies, Mr. Brian Posner.

Brian M. Posner

Thank you. Welcome to Ocean Power Technologies' Earnings Conference Call for the second quarter ended October 31, 2011. OPT issued its earnings press release earlier today, and this coming Monday we will file the company's quarterly report on Form 10-Q with the Securities and Exchange Commission. All public filings can be viewed on the SEC website at, or you may go to the OPT website, With me on today's call is Chuck Dunleavy, our Chief Executive Officer.

Please advance to Slide 2 of our presentation. 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 this 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.

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