Ocean Power Technologies, Inc. announced that it has established a presence in Houston, Texas to more effectively support the company's oil & gas business development activities.

David Marchetti, OPT's new Director of Global Applications, will manage the Company's daily business development activities in Houston. Mr. Marchetti brings an impressive set of technical and business skills he developed over his 28-year career in the oil and gas industry. He had held various positions with increasing levels of responsibility spanning from business development, engineering and product development, manufacturing and operations, to aftermarket. David has a proven track record and demonstrated expertise in oil and gas subsea production systems, remotely operated vehicle systems, and general machine design. In his global applications role for OPT, David's focus will be to work closely with customers to understand their challenges, and to develop unique solutions which integrate the OPT PowerBuoy in order to support customer subsea remote offshore operations from concept through deployment and beyond.