Search results for: ocean-power-technologies

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A list of search results

  • 10 December 2019
    Technology

    Ocean Power Technologies (OPT) has reported net loss for the second quarter of fiscal 2020 ended October 31, 2019 of $3.2 million, compared to a net loss of $3.9 million for the prior-year period. The decrease in net loss was mainly attributable to lower cost of revenues and decrease in engineering and product development costs. […]

  • 21 October 2015
    Research & Development, Technology

    Ocean Power Technologies (OPT) has begun Accelerated Life Testing (ALT) on its redesigned APB350 power takeoff (PTO) system as part of its effort to demonstrate product reliability and durability, and to accelerate toward product commercialization. The OPT ALT process consists of operating PTOs in tandem with accelerated operating profiles, which subjects the PTOs to various […]

  • 12 March 2019
    Business & Finance

    Ocean Power Technologies (OPT), a provider of ocean energy solutions, has signed a master service contract with an unnamed offshore oil and gas operator.

  • 18 June 2014
    Business & Finance

    Glancy Binkow & Goldberg LLP, representing investors of Ocean Power Technologies, Inc., has filed a class action lawsuit in the United States District Court for the District of New Jersey on behalf of a class comprising all purchasers of Ocean Power Technologies securities between January 14, 2014 and June 9, 2014, inclusive. Ocean Power Technologies […]

  • 7 February 2017

    Renewable energy company Ocean Power Technologies (OPT) and HAI Technologies have formed an alliance which will focus on the offshore oil and gas sector. OPT said on Monday that the duo would pursue mutual opportunities through a joint applications development and marketing agreement targeting oil and gas subsea chemical injection systems where persistent power and […]

  • 18 June 2014
    Business & Finance

    Glancy Binkow & Goldberg LLP, representing investors of Ocean Power Technologies, Inc., has filed a class action lawsuit in the United States District Court for the District of New Jersey on behalf of a class comprising all purchasers of Ocean Power Technologies securities between January 14, 2014 and June 9, 2014, inclusive. Ocean Power Technologies […]

  • 31 January 2019
    Equipment

    Ocean Power Technologies and Saab Seaeye have entered into a joint development and marketing agreement.

  • 26 June 2018
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    Ocean Power Technologies (OPT) has received a new US patent for a method of controlling wave power generation equipment to optimize energy harvesting in low to moderate sea states.

  • 12 March 2015
    Business & Finance

    Ocean Power Technologies has announced results for the nine months period, ended with January 31, 2015. The net loss for the nine months period ended January 31, 2015, amounted to USD 9.9 mln, compared to the same period a year earlier, when the net loss for OPT was USD 7.9 mln. The company said that […]

  • 24 January 2013
    Business & Finance, Research & Development

    With advancements in technologies, Americans will soon be able to tap into energy derived from the ocean. Marine and hydrokinetic (MHK) technologies—which generate power from waves, tides or currents in ocean waters—are at an early but promising stage of development. Many coastal areas in the United States have strong wave and tidal resources close to […]

  • 24 October 2011

    Ocean Power Technologies, Inc. (“OPT” or “the Company”), a leading wave energy technology company, announced the launch of a new technology initiative to enhance the efficiency of the Company’s patented PowerBuoy(R) wave energy systems under the Company’s existing “WavePort” project. OPT will be working with a consortium of European companies and institutions to advance the […]

  • 5 April 2019
    Business & Finance, Technology

    Ocean Power Technologies (OPT) has priced an underwritten public offering of common stock and warrants looking to raise approximately USD 15 million. The New Jersey-based wave energy conversion specialist is looking to sell about 4.28 million shares of common stock at $3.50 a share plus common warrants to purchase 4.28 million shares of common stock […]

  • 26 January 2016
    Authorities & Government, Business & Finance

    Ocean Power Technologies (OPT) has received approximately $1.7 million through New Jersey’s Business Tax Certificate Transfer Program. The program enables companies to raise cash to finance their growth and operations and is administered by the New Jersey Economic Development Authority (NJEDA) and the New Jersey Department of the Treasury’s Division of Taxation. Under the program, […]

  • 5 December 2016
    Business & Finance, Research & Development, Technology

    New Jersey-based wave energy developer, Ocean Power Technologies (OPT), has teamed up with Sonalysts to explore and pursue mutual opportunities in defense, and oil and gas markets.

  • 12 May 2015
    Business & Finance

    Ocean Power Technologies (OPT) has appointed Robert Burger to the company’s Board of Directors. Rober Burger was President and CEO of MAN Diesel & Turbo North America, a German manufacturer of diesel engines for use in ships and power stations. Prior to that, he was President of the Service Americas business of LM Wind Power. […]

  • 9 September 2011
    Business & Finance, Operations & Maintenance, Research & Development

      Ocean Power Technologies, Inc.today announces financial results for its fiscal 2012 first quarter ended July 31, 2011. Recent Highlights *Revenue for the quarter was $1.9 million, compared to $1.4 million for the prior year, reflecting an increase in revenue from OPT’s project with the US Navy for maritime security and funding for the development […]

  • 16 December 2013
    Business & Finance

    Ocean Power Technologies, Inc. (OPT), a wave energy technology company, has announced the appointment of Mark A. Featherstone as Chief Financial Officer, effective December 12, 2013. Mr. Featherstone, 52, is a seasoned executive with 30 years of experience working with capital markets, regulatory and accounting matters, strategic alliances and treasury management. “We are very pleased […]

  • 5 October 2012
    Business & Finance

    Ocean Power Technologies, Inc., a leading wave energy technology company, announced that Terence J. Cryan was duly elected to the Company’s Board of Directors at the Company’s Annual Meeting of Stockholders held on October 4, 2012. In addition, Thomas J. Meaney retired from the Board of Directors effective with the Annual Meeting. Terence Cryan is […]

  • 3 March 2020
    Technology

    Ocean Power Technologies has signed a letter of intent with Taiwan-based BAP Precision (BAP) to provide PowerBuoy joint surveillance solutions for government agency contract pursuits for policing territorial waters. “BAP is an established provider of satellite data solutions for industry and government applications and I’m excited to formalize our relationship,” said George Kirby, OPT president […]

  • 16 December 2013
    Business & Finance

    Ocean Power Technologies, Inc. (OPT), a wave energy technology company, has announced the appointment of Mark A. Featherstone as Chief Financial Officer, effective December 12, 2013. Mr. Featherstone, 52, is a seasoned executive with 30 years of experience working with capital markets, regulatory and accounting matters, strategic alliances and treasury management. “We are very pleased […]

  • 1 May 2014
    Business & Finance

    Ocean Power Technologies, Inc. announced the election of Eileen M. Competti to the Company’s Board of Directors. In addition, the Company announced the retirement of Dr. George W. Taylor from the Board of Directors. Ms. Competti is currently Vice President, Global Competitiveness for The Babcock & Wilcox Company (BWC), a leader in clean energy technology […]

  • 11 June 2014
    Business & Finance, Project & Tenders

    Ocean Power Technologies, Inc. has announced that it has terminated Charles F. Dunleavy as Chief Executive Officer and as an employee of the Company, effective June 9, 2014. Dunleavy has also been removed from his position as Chairman of the Board of Directors. David L. Keller, who has served as a Non-Executive Director of the […]