Ocean Power Technologies, Inc

Ocean Power Technologies to Exhibit its PB3 Commercial PowerBuoy at Offshore Technology Conference in Houston TX
Controls & Controllers

Ocean Power Technologies to Exhibit its PB3 Commercial PowerBuoy at Offshore Technology Conference in Houston TX

PENNINGTON, N.J., April 04, 2017 - Ocean Power Technologies, Inc. (Nasdaq:OPTT) announced today that it will be attending one of the largest offshore ocean technology events in the world: The Offshore Technology Conference (OTC) to be held in Houston, TX from May 1st through May 5th, 2017 where it will also exhibit its PB3 commercial PowerBuoy product. OPT’s PB3 is a reliable and persistent...

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Transportation Industry Products

Ocean Power Technologies Announces Successful Completion of Its Lease Stage Gate Review and Significant Product Performance Validation Milestones

PENNINGTON, N.J. -- Ocean Power Technologies, Inc. (NASDAQ:OPTT) (“OPT” or the “Company”) announced today the successful completion of the pre-requisite stage gate review with Mitsui Engineering and Shipbuilding (“MES”), which allows OPT to proceed with the PB3 shipment to Japan.Â-  OPT also announced its operational performance validation for two PB3 PowerBuoys® currently...

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Cleaning Products & Equipment

Ocean Power Technologies Announces New Contract with the U.S. Department of Defense Office of Naval Research

PENNINGTON, N.J. - Ocean Power Technologies, Inc. (NASDAQ:OPTT) (“OPT” or “the Company”) announced today that it has been awarded a contract (or “Contract”), valued at nearly $250,000, by the U.S. Department of Defense Office of Naval Research (“ONR”) to conduct the design of a new mass-spring oscillating PowerBuoy for mission critical sensors.Â-  Such a PowerBuoy differs...

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Communication Systems & Equipment

Ocean Power Technologies Announces the Deployment of its First Commercially Designed PB3 PowerBuoy®

PENNINGTON, N.J. - Ocean Power Technologies, Inc. (NASDAQ:OPTT) (“OPT” or the “Company”) announced today the deployment of its commercial design of the PB3 PowerBuoy® approximately four miles off of the coast of New Jersey.Â-  The commercial PB3 incorporates multiple enhancements over early prototypes including a redesigned power take-off (“PTO”), a high-capacity, modular...

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Material Processing

Ocean Power Technologies Announces the Deployment of its PB3 PowerBuoy with Integrated Payload from National Data Buoy Center

Ocean Power Technologies Announces the Deployment of Its PB3 PowerBuoy with Integrated Payload from National Data Buoy Center PENNINGTON, N.J. - Ocean Power Technologies, Inc. (NASDAQ:OPTT) (“OPT” or “the Company”) announced today that it has re-deployed the PB3-A1 PowerBuoy® (“PB3 PowerBuoy” or “PB3-A1”) off the coast of New Jersey after completion of necessaryÂ- ...

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Cleaning Products & Equipment

Ocean Power Technologies Partnered with the National Data Buoy Center

PENNINGTON, N.J. -Â- Ocean Power Technologies, Inc. (Nasdaq:OPTT) today announced that it is partnering with the National Data Buoy Center (“NDBC”) under a Cooperative Research and Development Agreement (“CRADA”) to conduct ocean demonstrations of its innovative Self-Contained Ocean Observing Payload (“SCOOP”) monitoring system integrated into OPT’s APB350 PowerBuoy®....

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Cleaning Products & Equipment

Ocean Power Technologies, Inc. Announces APB350 (A1) PowerBuoy Achieves Significant Performance Milestones

Ocean Power Technologies, Inc. Announces APB350 (A1) PowerBuoy Achieves Significant Performance Milestones PENNINGTON, N.J.Â- – Ocean Power Technologies, Inc. (Nasdaq:OPTT) today announced that its APB350 (A1) PowerBuoy® has achieved several significant milestones. Total cumulative deployment time has exceeded 125 days and energy generated has surpassed 1,000 kWh...

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Communication Systems & Equipment

OPT Announces Redeployment of APB350 (A1) PowerBuoy and Selected Performance Data Gathered During Initial Deployment

PENNINGTON, N.J. - Ocean Power Technologies, Inc. (Nasdaq:OPTT) today announced that it redeployed the APB350 (A1) PowerBuoy off the coast of New Jersey and resumed sea trials. OPT is also releasing selected performance data gathered during the A1's initial deployment as well as initial results of the Accelerated Life Testing ( ALT") on its redesigned APB350 Power TakeOff ("PTO") system....

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Cleaning Products & Equipment

Ocean Power Technologies Successfully Deploys APB350 PowerBuoy Off the Coast of Atlantic City, New Jersey

PENNINGTON, N.J. - Ocean Power Technologies, Inc. (Nasdaq:OPTT) ( OPT" or "the Company") announced today that it successfully deployed its APB350 A1 PowerBuoy approximately 14 miles northeast of Atlantic City, New Jersey. The APB350 A1 contains an improved Power Takeoff (PTO) system compared to the APB350 that was deployed in 2011 in connection with the U.S. Navy's Littoral Expeditionary...

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Cleaning Products & Equipment

Ocean Power Technologies Successfully Deploys PB40 PowerBuoy Off the Coast of New Jersey

OPT PB40 PowerBuoy heads for deployment with New York City skyline in the background PENNINGTON, N.J.Â- – Ocean Power Technologies, Inc. (Nasdaq:OPTT) ( OPT" or "the Company") announced today that it has successfully deployed its PB40 PowerBuoy off the coast of New Jersey. The deployment is OPT's first since late 2013 and is a critical step in its intensified efforts to commercialize...

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Company News

Ocean Power Technologies Announces Adoption of New Employment Inducement Incentive Award Plan and Grant of Inducement Award

MONROE TOWNSHIP, N.J., Jan. 19, 2018 - Ocean Power Technologies, Inc. (Nasdaq:OPTT) today announced that the Company’s Board of Directors adopted the Ocean Power Technologies, Inc. Employment Inducement Incentive Award Plan (the “Plan”) and, subject to the adjustment provisions of the Plan, reserved 500,000 shares of Company common stock for issuance pursuant to equity awards granted under...

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Ocean Power Technologies to Exhibit its PB3 Commercial PowerBuoy at Offshore Technology Conference in Houston TX
Controls & Controllers

Ocean Power Technologies to Exhibit its PB3 Commercial PowerBuoy at Offshore Technology Conference in Houston TX

PENNINGTON, N.J., April 04, 2017 - Ocean Power Technologies, Inc. (Nasdaq:OPTT) announced today that it will be attending one of the largest offshore ocean technology events in the world: The Offshore Technology Conference (OTC) to be held in Houston, TX from May 1st through May 5th, 2017 where it will also exhibit its PB3 commercial PowerBuoy product. OPT’s PB3 is a reliable and persistent...

Read More »
Transportation Industry Products

Ocean Power Technologies Announces Successful Completion of Its Lease Stage Gate Review and Significant Product Performance Validation Milestones

PENNINGTON, N.J. -- Ocean Power Technologies, Inc. (NASDAQ:OPTT) (“OPT” or the “Company”) announced today the successful completion of the pre-requisite stage gate review with Mitsui Engineering and Shipbuilding (“MES”), which allows OPT to proceed with the PB3 shipment to Japan.Â-  OPT also announced its operational performance validation for two PB3 PowerBuoys® currently...

Read More »
Cleaning Products & Equipment

Ocean Power Technologies Announces New Contract with the U.S. Department of Defense Office of Naval Research

PENNINGTON, N.J. - Ocean Power Technologies, Inc. (NASDAQ:OPTT) (“OPT” or “the Company”) announced today that it has been awarded a contract (or “Contract”), valued at nearly $250,000, by the U.S. Department of Defense Office of Naval Research (“ONR”) to conduct the design of a new mass-spring oscillating PowerBuoy for mission critical sensors.Â-  Such a PowerBuoy differs...

Read More »
Communication Systems & Equipment

Ocean Power Technologies Announces the Deployment of its First Commercially Designed PB3 PowerBuoy®

PENNINGTON, N.J. - Ocean Power Technologies, Inc. (NASDAQ:OPTT) (“OPT” or the “Company”) announced today the deployment of its commercial design of the PB3 PowerBuoy® approximately four miles off of the coast of New Jersey.Â-  The commercial PB3 incorporates multiple enhancements over early prototypes including a redesigned power take-off (“PTO”), a high-capacity, modular...

Read More »
Material Processing

Ocean Power Technologies Announces the Deployment of its PB3 PowerBuoy with Integrated Payload from National Data Buoy Center

Ocean Power Technologies Announces the Deployment of Its PB3 PowerBuoy with Integrated Payload from National Data Buoy Center PENNINGTON, N.J. - Ocean Power Technologies, Inc. (NASDAQ:OPTT) (“OPT” or “the Company”) announced today that it has re-deployed the PB3-A1 PowerBuoy® (“PB3 PowerBuoy” or “PB3-A1”) off the coast of New Jersey after completion of necessaryÂ- ...

Read More »
Cleaning Products & Equipment

Ocean Power Technologies Partnered with the National Data Buoy Center

PENNINGTON, N.J. -Â- Ocean Power Technologies, Inc. (Nasdaq:OPTT) today announced that it is partnering with the National Data Buoy Center (“NDBC”) under a Cooperative Research and Development Agreement (“CRADA”) to conduct ocean demonstrations of its innovative Self-Contained Ocean Observing Payload (“SCOOP”) monitoring system integrated into OPT’s APB350 PowerBuoy®....

Read More »
Cleaning Products & Equipment

Ocean Power Technologies, Inc. Announces APB350 (A1) PowerBuoy Achieves Significant Performance Milestones

Ocean Power Technologies, Inc. Announces APB350 (A1) PowerBuoy Achieves Significant Performance Milestones PENNINGTON, N.J.Â- – Ocean Power Technologies, Inc. (Nasdaq:OPTT) today announced that its APB350 (A1) PowerBuoy® has achieved several significant milestones. Total cumulative deployment time has exceeded 125 days and energy generated has surpassed 1,000 kWh...

Read More »
Communication Systems & Equipment

OPT Announces Redeployment of APB350 (A1) PowerBuoy and Selected Performance Data Gathered During Initial Deployment

PENNINGTON, N.J. - Ocean Power Technologies, Inc. (Nasdaq:OPTT) today announced that it redeployed the APB350 (A1) PowerBuoy off the coast of New Jersey and resumed sea trials. OPT is also releasing selected performance data gathered during the A1's initial deployment as well as initial results of the Accelerated Life Testing ( ALT") on its redesigned APB350 Power TakeOff ("PTO") system....

Read More »
Cleaning Products & Equipment

Ocean Power Technologies Successfully Deploys APB350 PowerBuoy Off the Coast of Atlantic City, New Jersey

PENNINGTON, N.J. - Ocean Power Technologies, Inc. (Nasdaq:OPTT) ( OPT" or "the Company") announced today that it successfully deployed its APB350 A1 PowerBuoy approximately 14 miles northeast of Atlantic City, New Jersey. The APB350 A1 contains an improved Power Takeoff (PTO) system compared to the APB350 that was deployed in 2011 in connection with the U.S. Navy's Littoral Expeditionary...

Read More »

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