Search results for: opt

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  • 28 June 2016
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    Ocean Power Technologies (OPT) has redeployed its wave energy device, the PB3-A1 PowerBuoy, off the coast of New Jersey.

  • 13 June 2017
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    Ocean Power Technologies (OPT) has informed that its PB3 commercial PowerBuoy is meeting all of its performance requirements after eight weeks of deployment off Japan.

  • 9 April 2018
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    Ocean Power Technologies (OPT) will be discussing its anchorless PowerBuoy solution at the Navy Forum next week in Maryland.

  • 28 April 2017
    Business & Finance, Technology

    Ocean Power Technologies (OPT) is looking to raise around $7 million of gross proceeds through its latest underwritten public share sale.

  • 5 April 2019
    Research & Development, Technology

    Ocean Power Technologies (OPT) and Acteon Field Life Service, a subsidiary of Acteon have entered into a non-exclusive memorandum of understanding to develop, explore and exploit mutual opportunities in the global oil and gas and renewable markets. George H. Kirby, president and CEO of OPT, said: “We see a strong potential in this collaboration, where […]

  • 16 December 2012
    Business & Finance

    Ocean Power Technologies, Inc. (“OPT” or “the Company”) announced financial results for its fiscal 2013 second quarter and the six months ended October 31, 2012. Highlights OPT reported an operating loss of $9.2 million for the six months ended October 31, 2012, relatively unchanged from the comparable period in fiscal 2012. The Company announced the […]

  • 18 May 2018
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    Wave energy company Ocean Power Technologies (OPT) has named Matthew May as the company’s Vice President for Global Business Development.

  • 6 September 2011
    Business & Finance

      Ocean Power Technologies, Inc.  a leading wave energy technology company, announces that it will be participating in the Rodman & Renshaw Annual Global Investment Conference on September 12, 2011. The conference will take place at the Waldorf Astoria Hotel in New York City. Charles F. Dunleavy, Chief Executive Officer of OPT, is scheduled to […]

  • 6 November 2012
    Business & Finance, Operations & Maintenance

    Ocean Power Technologies, Inc. (OPT), a leading wave energy technology company, announced the formation of an Autonomous PowerBuoy Business Unit within the Company. This new group will target and develop opportunities in the large potential market for OPT’s non-grid-connected PowerBuoys.  While OPT continues actively to pursue its grid-connected Utility Systems business, the new business unit […]

  • 17 July 2017
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    US-based wave energy company Ocean Power Technologies (OPT) has reported a 27% decrease in net loss for the fiscal year 2017 as compared to the figures from year before.

  • 3 June 2016
    Business & Finance

    New Jersey-based wave energy developer, Ocean Power Technologies (OPT), is looking to raise $1.6 million from its latest public offering of common stock and warrants.

  • 7 April 2017
    Business & Finance, Research & Development, Technology

    US-based wave developer Ocean Power Technologies (OPT) will relocate to new corporate headquarters and manufacturing center in New Jersey.

  • 7 July 2015
    Business & Finance, Operations & Maintenance

    Ocean Power Technologies (OPT) has reported an increase in net loss of $2 mln for the fiscal year ended April 30, 2015, due to the increase in the project costs. The net loss for the fiscal year was $13.2 million, as compared to a net loss of $11.2 million for the year ended April 30, […]

  • 24 October 2013
    Business & Finance, Equipment, Research & Development

    Ocean Power Technologies, Inc. and Mitsui Engineering & Shipbuilding Co., Ltd. today announced that they have signed a new agreement to cooperate in the development and commercialization of OPT’s PowerBuoy® technology. Building on the successful work previously done together by the companies, this agreement sets forth the terms of technology licensing and other financial arrangements […]

  • 11 September 2017
    Business & Finance, Technology

    Ocean Power Technologies (OPT) has reported a decrease in net loss of 29% for the first quarter of fiscal year 2018, compared to the same period a year earlier.

  • 6 December 2018
    Business & Finance, Operations & Maintenance, Research & Development, Storage, Technology

    US-based ocean energy developer Ocean Power Technologies (OPT) has signed a letter of intent to enter into long-term supply agreement with NEC Energy Solutions for its subsea battery products.

  • 20 June 2017
    Business & Finance, Research & Development, Technology

    Ocean Power Technologies (OPT) has released a video explaining the working principles behind its PowerBuoy wave energy technology.

  • 26 July 2017
    Business & Finance, Environment, Operations & Maintenance, Research & Development, Technology

    Wave energy developer Ocean Power Technologies (OPT) has established an office in Houston, Texas, to support its oil & gas business development activities.

  • 9 January 2012

    Ocean Power Technologies, Inc.  (“OPT” or “the Company”), a leading wave energy technology company, today announced that it will participate in the 14th Annual Needham Growth Conference on January 11, 2012. The conference will take place at the New York Palace Hotel in New York City. Brian M. Posner, Chief Financial Officer of OPT, is […]

  • 21 October 2015
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    Ocean Power Technologies (OPT) has begun the testing of a redesigned APB350 power take-off (PTO) system, in addition to completing the repairs on its APB350 A1 PowerBuoy. According to OPT, the accelerated life testing (ALT) consists of operating PTOs in tandem with accelerated operating profiles, which subjects the PTOs to various load conditions encountered in […]

  • 4 May 2018
    Authorities & Government, Business & Finance, Operations & Maintenance, Research & Development, Technology

    Wave energy company Ocean Power Technologies (OPT) has come step closer to resolving legacy issues with the conclusion of a US Securities and Exchange Commission (SEC) investigation.

  • 23 August 2018
    Business & Finance, Equipment, Operations & Maintenance

    Ocean Power Technologies said it has shipped its PB3 PowerBuoy to Ravenna, Italy for Eni deployment and use in its subsea operations. OPT will also provide to Eni deployment support, remote data collection and monitoring. Since signing in March 2018, OPT and Eni have attained several key milestones such as payload integration and testing of […]