Ocean Power Technologies, Inc

Transportation Industry Products

Ocean Power Technologies' PB40 PowerBuoy Receives Final Permit Approvals for Deployment

PENNINGTON, N.J.Â- — Ocean Power Technologies, Inc. (Nasdaq:OPTT) ( OPT" or "the Company") announced today that the PB40 has received final permit approval from the New York District Army Corps of Engineers. In addition, after receiving permit approval, the Company has also provided the required notice periods to the U.S. Coast Guard and other parties involved in the permitting process....

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Transportation Industry Products

Ocean Power Technologies to Deploy PB40 PowerBuoy Off New Jersey

PENNINGTON, N.J. - Ocean Power Technologies, Inc. (Nasdaq:OPTT) ( OPT" or "the Company"), announced today that the PB40 PowerBuoy® fabricated for the WavePort Project has shipped from Santander, Spain to Bayonne, NJ with the intent to deploy off the coast of New Jersey in the first quarter of 2015. The PowerBuoy is expected to arrive around mid-November and having been disassembled for...

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Electrical Equipment & Systems

Ocean Power Technologies Awarded $2.6 Million Contract by Mitsui Engineering & Shipbuilding for Development and Supply of Japan Utility PowerBuoy® System

PENNINGTON, N.J.Â- – Ocean Power Technologies, Inc. (Nasdaq:OPTT) ( OPT" or "the Company") today announced that the Company has received a $2.6 million contract from Mitsui Engineering & Shipbuilding Co., Ltd. ("MES") to provide the final design and supply of key components of a PowerBuoy system intended for deployment off the coast of Japan to demonstrate its utility application in local...

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Electrical Equipment & Systems

Ocean Power Technologies Demonstrates Sonar Surveillance in DHS Autonomous PowerBuoy Application

PENNINGTON, N.J.Â- – Ocean Power Technologies, Inc. (Nasdaq:OPTT) ( OPT" or "the Company") today announced the successful in-ocean operation of an acoustic sonar system integrated with its APB-350 Autonomous PowerBuoy®, marking an important expansion of the system's maritime surveillance capabilities. In addition to the sonar's ability to detect sub-surface vessels, the three-week...

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Agricultural & Farming Products

Ocean Power Technologies Deploys Autonomous PowerBuoy Under U.S. Department of Homeland Security Program

PENNINGTON, N.J.Â- – Ocean Power Technologies, Inc. (Nasdaq:OPTT) ( OPT" or "the Company") today announced the deployment off New Jersey of its innovative autonomous wave energy device, marking an important milestone in the roll-out of the Company's Autonomous PowerBuoy® ("APB") product line. This latest deployment, 35 miles off the coast and in 43 meters of water depth, is in...

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