Ocean Power Technologies Inc (NYSE-A:OPTT) (OPT) announced that Rear Admiral Victorino “Vic” G. Mercado (Retired) has been retained as a special advisor to the company’s board of directors.
The provider of ocean energy and intelligent data services said Mercado served as US Assistant Secretary of Defense for Strategy, Plans, and Capabilities from July 2019 to January 2021, where he was a principal advisor to the US Department of Defense on national security and defense strategies, and the plans and future capability investments required to implement the strategies.
"As Vic consults with us, his deep security, strategy, and operational experience from his more than 35-year career in the US Navy and service at the Department of Defense will be invaluable as we build on our momentum in providing intelligent maritime solutions to the US Government and defense and security sectors, and carefully navigate the challenges of securing access to and protecting highly sensitive and confidential information," OPT chairman Terence Cryan said in a statement.
Ocean Power Technologies is a provider of ocean energy and intelligent data services through its innovative, low carbon distributed and autonomous ocean power and data solutions, combined with its offshore engineering and design services.
Contact Sean at sean@proactiveinvestors.com