Ocean Power Technologies, Inc (OPTT)

Q1 2012 Earnings Call

September 09, 2011 10:00 am ET

Executives

Charles Dunleavy - Chief Executive Officer and Director

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

Analysts

Unknown Analyst -

Kent Holden - Ham Fund

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the Ocean Power Technologies' Fiscal Year 2012 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 the Chief Financial Officer of Ocean Power Technologies, Mr. Brian Posner.

Brian Posner

Thank you. Welcome to Ocean Power Technologies' Earnings Conference Call for the First Quarter ended July 31, 2011. OPT issued its earnings press release earlier today, and later today we'll 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 sec.gov, or you may go to the OPT website, oceanpowertechnologies.com. 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.

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