Ocean Power Technologies (OPTT), the small company engaged in the development and commercialization of systems that generate electricity by harnessing the power of the ocean waves has reported better than expected results with a loss of .38/share compared to estimates for .40/share on revenues that were double the expectations at 1.77 million.  Revenues surged due to an increase in the company’s work on the US Navy utility PowerBuoy Hawaii project.

“We have made a good … Read the rest