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Article: Ocean Power Technologies and Leighton Contractors Sign Agreement to Develop Wave Power Stations.
- Article from:
- Business Wire
- Article date:
- December 19, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PENNINGTON, N.J. -- Ocean Power Technologies (Australasia) Pty Ltd ("OPTA"), a subsidiary of Ocean Power Technologies, Inc. (Nasdaq: OPTT and London Stock Exchange AIM: OPT) ("OPT") is pleased to announce that it has signed an agreement with Leighton Contractors Pty Ltd ("Leighton") to develop wave power projects off the east and south coasts of Australia.
This agreement is in line with OPT's global plan to form alliances with strategic partners in key areas of the world and will expand the company's activities in Australia.
The initial phase of work will be for OPTA and OPT to identify potential project sites and assess their commercial prospects, under ...