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TheStreet Open House

Ocean Power Technologies Management Discusses Q1 2013 Results - Earnings Call Transcript

Ocean Power Technologies (OPTT)

Q1 2013 Earnings Call

September 14, 2012 10:00 am ET

Executives

Chris Witty

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

Phil Hart - Chief Technology Officer

Analysts

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

Michael Frederick Legg - Roth Capital Partners, LLC, Research Division

George Santana - Ascendiant Capital Markets LLC, Research Division

George Santana - New Earth Capital Group

Presentation

Operator

Good morning, ladies and gentlemen, and welcome to the Ocean Power Technologies Fiscal 2013 First Quarter Conference Call. [Operator Instructions] As a reminder, this conference is being recorded and webcast. I would now like to turn the conference over to Mr. Chris Witty of the company's investment relations firm, Darrow Associates. Please go ahead, sir.

Chris Witty

Thank you. Welcome to Ocean Power Technologies earnings conference call for the first quarter ended July 31, 2012. OPT issued its earnings press release earlier today and the company will soon file its quarterly report on Form 10-Q with the Securities and Exchange Commission. All public filings can be viewed on the SEC website at www.sec.gov or you may go to the OPT website at oceanpowertechnologies.com.

With me on today's call from the company is Brian Posner, our Chief Financial Officer; and Phil Hart, Chief Technology Officer. Chuck Dunleavy, OPT's Chief Executive Officer, could not be here today due to business travel overseas.

Advancing 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 or 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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