Ocean Power Technologies Expands Commercial Team With Indonesia-Based Representative
August 26 2020 - 09:00AM
Ocean Power Technologies, Inc. (“OPT” or “the Company”)
(NASDAQ: OPTT), a leader in innovative and cost-effective ocean
energy solutions, today announced the addition of Gilar Prakoso to
the OPT Commercial team as Asia-Pacific Representative, based in
Jakarta, Indonesia.
“The Asia-Pacific region presents significant opportunities for
OPT’s power and communications solutions among nations concerned
with maritime border enforcement and safeguarding vast oceanic
resources,” said George H. Kirby, President and Chief Executive
Officer of OPT. “Gilar’s fluency with local maritime agencies and
industry, and his established relationships are essential to
growing OPT’s customer base and cultivating regional partnerships.
We are excited to have him on board to execute our market expansion
strategy and promote our capabilities in this area of the
world.”
In Indonesia and throughout the Asia-Pacific region, OPT is
developing new opportunities for protecting territorial waters,
fortifying illegal fishing prosecution and prevention, and
supporting oil well decommissioning in the area. The addition of an
Asia-Pacific Representative builds on the Company’s existing
business relationship with Taiwan-based satellite data
solutions provider BAP Precision, Inc. to pursue joint
surveillance solutions for government agencies announced earlier
this year.
In his role, Mr. Prakoso will provide local and regional support
of OPT’s commercial activities, including direct sales, strategic
relationships, and project execution.
Mr. Prakoso was most recently Senior Officer at Directorate
General of Capture Fisheries with the Ministry of Marine Affairs
and Fisheries for the Republic of Indonesia. In that role, he
monitored the Food and Agriculture Organization (FAO) of the United
Nations’ Regional Fisheries Livelihood Program, supported and
monitored the FAO Regional Fisheries Livelihood Programme (RFLP) in
Kupang, East Nusa Tenggara, and developed an alternative livelihood
program for small-scale fishermen. He was also the main contributor
to the marine and fisheries geographic information system for
Indonesia’s One Map Policy, specifically informing the national map
and geodatabase of fishing ports, fisheries management areas, and
utilization level of fish resources.
Mr. Prakoso holds a Master of Environmental Science and
Management degree from the University of Rhode Island as well as a
Bachelor of Science degree in Fisheries from Bogor Agricultural
University in Indonesia. He also has a Post-Baccalaureate
Certificate in geographic information systems and remote sensing
from the University of Rhode Island.
About Ocean Power TechnologiesHeadquartered in
Monroe Township, New Jersey, OPT aspires to transform the world
through durable, innovative, and cost-effective ocean energy
solutions. Its PowerBuoy® solutions platform provides clean and
reliable electric power and real-time data communications for
remote offshore and subsea applications in markets such as offshore
oil and gas, defense and security, science and research, and
communications. To learn more, visit
www.oceanpowertechnologies.com.
Forward-Looking StatementsThis release may
contain forward-looking statements that are within the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are identified by certain words or
phrases such as "may", "will", "aim", "will likely result",
"believe", "expect", "will continue", "anticipate", "estimate",
"intend", "plan", "contemplate", "seek to", "future", "objective",
"goal", "project", "should", "will pursue" and similar expressions
or variations of such expressions. These forward-looking statements
reflect the Company’s current expectations about its future plans
and performance. These forward-looking statements rely on a number
of assumptions and estimates which could be inaccurate and which
are subject to risks and uncertainties. Actual results could vary
materially from those anticipated or expressed in any
forward-looking statement made by the Company. Please refer to the
Company’s most recent Forms 10-Q and 10-K and subsequent filings
with the SEC for a further discussion of these risks and
uncertainties. The Company disclaims any obligation or intent to
update the forward-looking statements in order to reflect events or
circumstances after the date of this release.
Contact InformationInvestors: 609-730-0400 x401
or InvestorRelations@oceanpowertech.com Media: 609-730-0400 x402 or
MediaRelations@oceanpowertech.com
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