Charles Dunleavy – CEO

Good day, everyone and welcome to Ocean Power Technologies’ third quarter 2010 audio webcast. Today’s conference is being recorded and webcast. At this time I would now like to turn the call over to the Chief Executive Officer of Ocean Power Technologies, Mr. Charles Dunleavy.

Thank you. Good morning and welcome to Ocean Power Technologies’ audio webcast for the third quarter ended January 31, 2010. Today we issued our third quarter earnings press release and we will be filing our quarterly report on Form 10-Q with Securities and Exchange Commission. Our public filings can be viewed on the SEC website at sec.gov or you may go to our website oceanpowertechnologies.com. Please advance to slide two. During the course of this conference call, management may make projections or other forward-looking statements regarding future events or financial performance of the company within the meaning of the Safe Harbor provision of the Private Securities Litigation Reform Act of 1995. As indicated in the slide, these forward-looking statements are subject to numerous assumptions made by management regarding future circumstances over which the company may have little or no control and involve risks and uncertainties and other factors that may cause actual results to be materially different from any future results expressed or implied by such forward-looking statements. We refer you to the company’s Form 10-Q and other recent filings with the Securities and Exchange Commission for a description of these and other risk factors. Moving to slide three, I’d now like to take you through some of the key developments during this quarter before discussing the financials and our strategy for growth. I’m delighted to have been appointed by the Board of Directors as the Chief Executive to execute OPT’s commercialization strategy and maximize new growth opportunities as they arise. I intend to appoint a new Chief Financial Officer in due course, and we are already reviewing a list of strong candidates. OPT has a highly talented and experienced team, great technical depth, and unique intellectual property as well as excellent partners and customers globally. I’m very grateful for…

Ladies and gentlemen, thank you for participating today. You may now disconnect.