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Ocean Power Collaborates With Lockheed Martin on Wave Energy

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Sept. 13 (Bloomberg) -- Ocean Power Technologies Inc. said it agreed to collaborate with Lockheed Martin Corp. on a commercial-scale wave power generation project at Reedsport, Oregon.

The venture follows a $2.4 million contract awarded to Ocean Power from the U.S. Department of Energy, according to a statement on Business Wire today.

Link to Statement:{NSN LRGJW03V7U9U <GO>}

Link to Company News:{LMT US <Equity> CN <GO>} Link to Company News:{OPTT US <Equity> CN <GO>}

To contact the reporter on this story: Louise Downing in London at ldowning4@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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