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Stock Market & Financial Investment News

News Breaks
June 10, 2014
14:41 EDTOPTTOcean Power terminates CEO Charles F. Dunleavy
Ocean Power Technologies announced that it has terminated Charles F. Dunleavy as CEO and as an employee of the company, effective June 9. Dunleavy has also been removed from his position as Chairman of the Board of Directors. David L. Keller, who has served as a Non-Executive Director of the company since October 2013, has assumed the position of Interim CEO, effective yesterday, and will continue in this position while the company searches for a permanent replacement.
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July 15, 2014
09:21 EDTOPTTOn The Fly: Pre-market Movers
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July 14, 2014
17:28 EDTOPTTOcean Power says VWP unit intends to terminate Funding Deed
Ocean Power discloses in a regulatory filing that on July 8, Victorian Wave Partners ,VWP, an indirect consolidated subsidiary of Ocean Power Technologies, tendered a notice to the Australian Renewable Energy Agency, ARENA, of VWPs intent to terminate the Renewable Energy Demonstration Program Funding Deed, dated as of September 9, 2010, entered into between VWP and the Commonwealth of Australia, as amended by a Deed of Variation dated January 9. Unless agreed otherwise, pursuant to the terms of the Funding Deed, it will terminate on October 8.
16:25 EDTOPTTOcean Power trading halted, pending news

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