Ocean Power Technologies, Inc's CEO Discusses Q3 2012 Results - Earnings Call Transcript

Ocean Power Technologies, Inc (OPTT)

Q3 2012 Earnings Call

March 09, 2012 10:00 am ET

Executives

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

Charles Frederick Dunleavy - Chief Executive Officer and Director

Analysts

Jason Feldman - UBS Investment Bank, Research Division

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

Jeremy Hellman

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the Ocean Power Technologies' Fiscal Year 2012 Third 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. Please proceed, sir.

Brian M. Posner

Thank you. Welcome to Ocean Power Technologies' earnings conference call for the third quarter ended January 31, 2012. 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 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. 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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