Search results for: opts

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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.

  • 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, […]

  • 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 […]

  • 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.

  • 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.

  • 3 May 2017
    Business & Finance, Technology

    Ocean Power Technologies (OPT) has raised over $7 million through its underwritten public share sale.

  • 6 November 2012
    Business & Finance

    Ocean Power Technologies, Inc. (OPT), a leading wave energy technology company, today 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 […]

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

    US-based wave energy developer Ocean Power Technologies (OPT) has named Christopher Phebus as its new Vice President of Engineering.

  • 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.

  • 5 January 2016
    Business & Finance

    Ocean Power Technologies (OPT), a New Jersey-based wave energy developer, has reported a decrease in net loss for the second quarter of fiscal year 2016 in the amount of $1.4 million compared to the same period a year earlier. The net loss for the three months ended October 31, 2015 was $3.0 million as compared […]

  • 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.

  • 14 September 2011

    Ocean Power Technologies, Inc. (“OPT” or the “Company”) announced it will collaborate with Lockheed Martin in connection with OPT’s proposed commercial-scale wave power generation project at Reedsport, Oregon. Lockheed Martin will provide design, manufacturing, system integration and supply chain management expertise to enhance OPT’s PowerBuoy(R) technology. This builds on previous work conducted by Lockheed Martin […]

  • 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 […]

  • 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 […]