June 8, 2009 (FinancialWire) — Ocean Power Technologies, Inc. (NASDAQ: OPTT) (Current Market Cap: US$71.37 Mil.) has appointed Angus Norman as chief executive of Ocean Power Technologies Ltd., the company’s UK-based subsidiary.

Norman joins OPT from EDF Energy, where he held the position of managing director of sustainable solutions. EDF Energy provides power to a quarter of the UK population.

Pennington, New Jersey-based Ocean Power Technologies is engaged in the development of wave-energy technology. The company’s proprietary PowerBuoy system is based on modular, ocean-going buoys that capture and convert predictable wave energy into electricity.

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