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<P style="font-size: 14pt" align="center"><B>UNITED STATES<BR>
SECURITIES AND
EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P style="font-size: 18pt" align="center"><B>FORM 8-K</B>

<P style="font-size: 12pt" align="center"><B>CURRENT REPORT<BR>
Pursuant to
Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P style="font-size: 10pt" align="center"><B>Date of Report (Date of earliest
event reported): March 30, 2009</B>

<P style="font-size: 24pt" align="center"><B>OCEAN POWER TECHNOLOGIES,
INC.<BR>
</B><FONT style="font-size: 10pt">(Exact name of registrant as
specified in its charter) </FONT>
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cellpadding="0" width="100%" border="0">

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  <TD width="32%">&nbsp;</TD>
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  <TD width="33%">&nbsp;</TD>
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 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>Delaware</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>001-33417</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>22-2535818</B></TD>
 </TR>
 <TR valign="top">
  <TD>(State or other Jurisdiction of Incorporation)</TD>
  <TD>&nbsp;</TD>
  <TD>(Commission File Number)</TD>
  <TD>&nbsp;</TD>
  <TD>(IRS Employer Identification No.)</TD>
 </TR>

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cellpadding="0" width="100%" border="0">

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  <TD width="49%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="49%">&nbsp;</TD>
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  <TD style="border-bottom: #000000 1px solid"><B>1590 Reed
Road<BR>
Pennington, NJ<BR>
</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>08534</B></TD>
 </TR>
 <TR valign="top">
  <TD>(Address of Principal Executive Offices)</TD>
  <TD>&nbsp;</TD>
  <TD>(Zip Code)</TD>
 </TR>

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<P style="font-size: 10pt" align="center">Registrant&#8217;s telephone number,
including area code: <B>(609) 730-0400</B>
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cellpadding="0" width="30%" border="0">

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  <TD style="border-bottom: #000000 1px solid" nowrap><B>&nbsp;</B></TD>
 </TR>
 <TR>
  <TD nowrap>(Former name or former address if changed since last report.)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="left">Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions:

<P style="font-size: 10pt" align="left"><FONT face="Wingdings">o</FONT> Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)<BR>
<BR>
<FONT face="Wingdings">o</FONT> Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


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<P style="display: none; font-size: 10pt" align="center">1
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<P style="font-size: 10pt" align="left"><B>Item&nbsp;1.01. </B>&nbsp; <B>Entry into a Material Definitive
Agreement.</B>

<P style="font-size: 10pt" align="left">On March&nbsp;30, 2009, in support of
&nbsp;its on-going wave power project with the US Navy to demonstrate the
Company&#8217;s PowerBuoy&#174; &nbsp;system off the Hawaiian island of Oahu,
Ocean Power Technologies, Inc. (Nasdaq: OPTT and London Stock Exchange AIM:
OPT) (&#8220;OPT&#8221;) entered into an agreement with Sound and Sea
Technology, Inc. OPT will be eligible to receive US$1.1&nbsp;million over the
term of the agreement, which will primarily be used to help fund the continuing
upgrades and testing of the PowerBuoy, for improved ocean durability. The
project is currently expected to continue through December&nbsp;2009.
<BR>
&nbsp; <BR>
The foregoing description does not purport to be complete and
is qualified in its entirety by reference to the agreement, a copy of which
will be filed as an exhibit to OPT&#8217;s annual report on Form 10-K for the
period ended April 30, 2009.

<P style="font-size: 10pt" align="left"><B>Item&nbsp;8.01
</B>&nbsp; <B>Other Events.</B>

<P style="font-size: 10pt" align="left">On April&nbsp;1, 2009, OPT issued a
press release announcing the agreement. The full text of the press release is
filed as Exhibit&nbsp;99.1 to this Form 8-K and is incorporated herein by
reference.

<P style="font-size: 10pt" align="left"><B>Item&nbsp;9.01. </B>&nbsp; <B>Financial Statements and Exhibits.</B>
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<DIV style="margin-left: 0px; text-indent: 0px">(d) </DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Exhibits.</TD>
 </TR>
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  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">&nbsp;</DIV>
</TD>
  <TD>&nbsp;</TD>
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 </TR>
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<DIV style="margin-left: 0px; text-indent: 0px">99.1 </DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Press release issued by the Company dated
April&nbsp;1, 2009.</TD>
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<P style="font-size: 10pt" align="center">&nbsp;

<P style="font-size: 10pt" align="center">&nbsp;

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<P style="font-size: 10pt" align="center">SIGNATURE

<P style="font-size: 10pt; text-indent: 1%"
align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the
Securities Exchange Act of 1934, the Registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly authorized.


<P style="font-size: 10pt; margin-left: 46%; text-indent: 0%"
align="left">OCEAN POWER TECHNOLOGIES, INC.

<P style="font-size: 10pt" align="left">Date: April&nbsp;3,
2009

<P style="font-size: 10pt; margin-left: 46%; margin-top: -11pt" align="left">By:&nbsp; <U>/s/
CHARLES F. DUNLEAVY</U><br>Charles F. Dunleavy<BR>Senior Vice President and Chief
Financial Officer&nbsp; &nbsp;

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<P style="display: none; font-size: 10pt" align="center">3
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<DIV align="center" style="font-size: 10pt; margin-top: 10pt">EXHIBIT INDEX
</DIV>

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<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Exhibit No.</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

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<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press release issued by the Company dated
April&nbsp;1, 2009.</TD>
</TR>
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Form 8-K
UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to
Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest
event reported): March 30, 2009
OCEAN POWER TECHNOLOGIES,
INC.
(Exact name of registrant as
specified in its charter)
Delaware
001-33417
22-2535818
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
1590 Reed
Road
Pennington, NJ
08534
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number,
including area code:
(609) 730-0400
(Former name or former address if changed since last report.)
Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions:
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o
Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01.
Entry into a Material Definitive
Agreement.
On March 30, 2009, in support of
 its on-going wave power project with the US Navy to demonstrate the
Company's PowerBuoy®  system off the Hawaiian island of Oahu,
Ocean Power Technologies, Inc. (Nasdaq: OPTT and London Stock Exchange AIM:
OPT) ("OPT") entered into an agreement with Sound and Sea
Technology, Inc. OPT will be eligible to receive US$1.1 million over the
term of the agreement, which will primarily be used to help fund the continuing
upgrades and testing of the PowerBuoy, for improved ocean durability. The
project is currently expected to continue through December 2009.
The foregoing description does not purport to be complete and
is qualified in its entirety by reference to the agreement, a copy of which
will be filed as an exhibit to OPT's annual report on Form 10-K for the
period ended April 30, 2009.
Item 8.01
Other Events.
On April 1, 2009, OPT issued a
press release announcing the agreement. The full text of the press release is
filed as Exhibit 99.1 to this Form 8-K and is incorporated herein by
reference.
Item 9.01.
Financial Statements and Exhibits.
(d)
Exhibits.
99.1
Press release issued by the Company dated
April 1, 2009.
SIGNATURE
Pursuant to the requirements of the
Securities Exchange Act of 1934, the Registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly authorized.
OCEAN POWER TECHNOLOGIES, INC.
Date: April 3,
2009
By:
/s/
CHARLES F. DUNLEAVY
Charles F. Dunleavy
Senior Vice President and Chief
Financial Officer
EXHIBIT INDEX
Exhibit No.
Description
99.1
Press release issued by the Company dated
April 1, 2009.