MONROE TOWNSHIP, N.J., Nov. 23, 2020 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy solutions, today announced that Jorge Franco has joined the Company as Regional Sales Representative based in Spain. Reporting to OPT Vice President, Global Sales Jeff Wiener, Mr. Franco will concentrate on opportunities in Southern Europe.

"Southern Europe offers opportunities for OPT’s offshore power and communications solutions, particularly in the oil and gas industry," said George H. Kirby, President and Chief Executive Officer of OPT. "Jorge has significant relationships within leading companies operating in the region, and we believe his experience will be beneficial to serving OPT’s existing and prospective customers. We are excited to have him represent our solutions.”

Mr. Franco was most recently Global Account Vice President for Halliburton servicing the ENI and REPSOL accounts. He has more than 20 years of experience in multinational technical companies selling products and services for offshore operations in Venezuela, Italy, Argentina, Mexico, West Africa, and Southeast Asia to improve customers' productivity. Mr. Franco holds a Civil Engineering degree from Argentina’s Universidad Nacional del Sur and a Petroleum Engineering post-graduate certification from the University of Tulsa.

About Ocean Power Technologies
Headquartered 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.