Ocean Power Technologies Inc
For the period ended Apr 30, 2024. Filed Jul 25, 2024.
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FY2024 · Filed Jul 25, 2024
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Item 2. Properties
Our headquarters are currently located in Monroe Township, New Jersey, where we occupy approximately 56,000 square feet under a lease expiring on April 30, 2026. We use this facility for administration, research and development, as well as manufacturing, assembly and testing of our products.
Additionally, we have a property located on the University of California Berkeley in Berkeley, California, where we occupy 1,220 square feet under a lease which is currently operating month-to-month. Additionally, we have begun leasing a property located in Richmond, California where we will occupy approximately 11,500 square feet under a lease expiring on June 18, 2028. We believe that our facilities are sufficient for our current needs and are in good condition in all material respects.
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