Ocean Power Technologies Inc. relocated its corporate headquarters and manufacturing operations to Monroe Township, N.J., from Pennington, N.J., effective Dec. 18.

The new location "enhances our manufacturing capabilities and advances our safety and quality programs," President and CEO George Kirby said in a Dec. 19 release. "This new location also provides us the ability to scale the business by continuing to grow our manufacturing, sales and marketing teams to drive business development."