Wave energy developer OPT announces new board member

OPT Powerbuoy

Ocean Power Technologies, Inc. has elected David L. Keller to the company's board of directors, the wave energy developer has announced.

Keller joins the Ocean Power Technologies (Nasdaq: OPTT) board as former members David L. Davis and Bruce A. Peacock announced their retirement during the company's annual meeting of stockholders earlier this month.

"We are very pleased to announce David's addition to our board of directors," OPT CEO Charles F. Dunleavy said. "He brings strong experience in the energy and infrastructure sectors. His background in these areas, as well as his management experience in international markets, will serve the company as we move forward."

Keller is currently an independent director of ThermoEnergy Corporation, which engages in the global development, sales, and commercialization of proprietary municipal and industrial wastewater treatment and power generation technologies.

He has also served as president, CEO and director of Global Power Equipment Group Inc., preceded by time as president and chief operating officer of The Babcock & Wilcox Company.

"We look forward to working with David on many exciting initiatives," Dunleavy said.

New Jersey-based Ocean Power Technologies recently announced that it had been selected by Offshore Europe to launch its "PowerBuoy" generating devices into the global oil and gas sector.

OPT was also one of a number of companies receiving funding from the U.S. Department of Energy as part of its marine and hydrokinetic development program.

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