#b#Expansions#/b#

Ocean Power Technologies (OPTT), 1590 Reed Road, Building A, Suite 1, Pennington 08534; 609-730-0400; fax, 609-730-0404. Frederick Dunleavy, CEO. www.ocean­powertechnologies.com.

Ocean Power Technologies has received $5 million of a $65 million grant from Australian Renewable Energy Agency for its subsidiary, Victorian Wave Partners, to build a wave power station of the Australian coast.

The renewable power company, based on Reed Road in Pennington, created Victorian Wave Partners as a “project-specific energy” to construct the planned power station, which will be off the coast of Portland. The project will use Ocean Power’s PowerBuoy Wave Energy Systems to generate enough energy to supply 19,000 homes (about 19 megawatts.)

#b#Management Moves#/b#

Heartland Payment Systems (HPY), 90 Nassau Street, Third Floor, Princeton 08542; 888-798-3131; fax, 609-683-3815. Robert Carr, CEO. www.heartlandpaymentsystems.com.

Heartland Payment Systems has hired Samir Zabaneh as its new CFO. The Nassau Street-based payment processing company brought Zabaneh on board from a previous post as CFO at Moneris Solutions Corporation, a Toronto-based payment processor. Zabaneh is a graduate of Northeastern University, with a master’s from Boston College and an MBA from Suffolk University.

#b#Crosstown Moves#/b#

Vitale Inspection Services LLC, 77 Concord Avenue, Hamilton 08619; 609-588-8668; fax, 609-588-8668. Carlo Vitale, president/inspector. www.vitaleinspection.com.

Vitale Inspection Services LLC has moved from Quakerbridge Commons to 77 Concord Avenue in Hamilton.

#b#Downsizing#/b#

Triassic Technology Inc., 57 Hamilton Avenue. www.triassictechnology.com.

Triassic Technologies, an environmental consulting company, has closed its office on Hamilton Avenue in Hopewell. Its seven employees now work from home offices. The company’s owner, Gil Oudijk, lives in Brazil.

Karen Polidoro, president of the company, says closing the office was a cost-reduction measure that also made life more convenient for the employees, who spend a lot of time on-site with clients anyway. Much of Triassic’s business involves industrial site cleanup.

#b#Leaving Town#/b#

Distinctive Design and Supply, 87 East Broad Street, Hopewell.

Distinctive Design and Supply, a specialty building materials distributor, has closed its Hopewell location. Its listed phone number and web site were disconnected.

#b#Deaths#/b#

Lawrence Peter Shemley, 65, on April 3. He worked for Ronson Aviation and was later a computer programmer for Cenlar Central Loan Administration in Trenton.

Tim Moore, 64, on April 3. He was a consultant and product manager for 3M Health Care in Princeton.

Kathleen Renz, 72, on April 3. She was a microbiologist and director in regulatory affairs at Bristol-Myers Squibb.

Hendrick Vanderheiden, 61, on April 4. He worked at Air Products in South Brunswick for 20 years.

John P. Mahon, 66, on April 4. He was an Internal Revenue Service agent for more than 40 years.

R. Peter Hodge, 77, on April 5. He had been owner and director of Mather-Hodge Funeral Home since 1971 and served as director of the YMCA of Princeton.

Facebook Comments