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Article: Wave winner not so swell.

Article from:
Australasian Business Intelligence
Article date:
November 8, 2009
Copyright

Byline: Giles Parkinson

Nov 08, 2009 (The Australian - ABIX via COMTEX) -- Ocean Power Technologies (OPT) has won the $A66.5m grant to build a $A200m wave energy facility in Victoria. OPT beat rivals bidders including Oceanlinx and Carnegie Wave Technology to secure the contract. It will collaborate with Leighton Contractors to build the 19 megawatt plant. However, OPT's former sponsoring broker on the London Stock Exchange's Alternative Investment Market, Collins Stewart, has criticised the US firm for being unable to deliver on projects.

Publication Date: 9 November 2009 

 
OCEAN POWER TECHNOLOGIES (AUSTRALASIA) PTY LTD 
OCEAN POWER TECHNOLOGIES ...

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