Ocean Power Technologies(OPTT)

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Ocean Power Technologies gets follow-on order as major deliveries carried out
Proactiveinvestors NA· 2024-10-31 14:06
About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...
Ocean Power Technologies Secures Follow-On Order for WAM-V 8 and Delivers WAM-V 16 and WAM-V 22 to Latin America
GlobeNewswire News Room· 2024-10-31 12:15
MONROE TOWNSHIP, N.J., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced it has completed several major contractual milestones and delivered new unmanned surface vehicles, a WAM-V 16 and a WAM-V 22, to previously announced survey customers in Latin America. This delivery is part of the Company’s ongoing expansion into the region, worki ...
Ocean Power Technologies demonstrates defense capabilities with completion of Project Overmatch milestone
Proactiveinvestors NA· 2024-10-28 12:57
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2][3] - The news team operates from key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] - Proactive focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [2][3] Group 2 - The team delivers news and insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] - Proactive adopts technology to enhance workflows and improve content delivery [3][4] - All content published by Proactive is edited and authored by humans, ensuring adherence to best practices in content production [4]
Ocean Power Technologies Completes Major Milestone for Naval Information Warfare Center Pacific's Project Overmatch
GlobeNewswire News Room· 2024-10-28 12:15
MONROE TOWNSHIP, N.J., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) ("OPT" or the "Company"), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that it has completed the second set of exercises of the previously announced follow-on contract as a subcontractor to EpiSci and successfully deployed several of its WAM-V autonomous surface vehicles during the Mission Autonomy Proving Grounds (MAPG) as part of P ...
Ocean Power Technologies taps Remah International Group as UAE distributor
Proactiveinvestors NA· 2024-10-21 13:48
Group 1 - Proactive specializes in providing fast, accessible, and informative business and finance news content to a global investment audience [1][2] - The company focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [2] - Proactive's news team delivers insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [2] Group 2 - Proactive adopts advanced technology to enhance workflows, utilizing automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [2]
Ocean Power Technologies Appoints Remah International Group as Distributor in the UAE
GlobeNewswire News Room· 2024-10-21 12:15
MONROE TOWNSHIP, N.J., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced it has signed a Distributor Agreement with Remah International Group (“RIG”), a privately held and UAE headquartered company with a focus on both military and civilian services. Through its locally owned group of 48 companies, RIG partners with esteemed solution p ...
Ocean Power Technologies to showcase autonomous vehicle at Abu Dhabi event
Proactiveinvestors NA· 2024-10-16 14:39
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...
Ocean Power Technologies to exhibit Autonomous Vehicle Services at ADIPEC with Unique Group
GlobeNewswire News Room· 2024-10-16 12:15
Core Insights - Ocean Power Technologies, Inc. has shipped a WAM-V Unmanned Surface Vehicle to the UAE, following a partnership with Unique Group, an offshore services provider [1][2] - The WAM-V will be showcased at the ADIPEC event in Abu Dhabi, which will feature over 2,200 organizations from the global energy sector [1] - The CEO of OPT expressed optimism about increasing demand for services in the Middle East, particularly in the UAE, and anticipates meeting potential customers at ADIPEC [2] Company Overview - Ocean Power Technologies specializes in low-carbon marine power solutions, providing services for various sectors including defense, oil and gas, science, research, and offshore wind [3] - The company offers products such as PowerBuoy platforms for clean electric power and real-time data communications, as well as WAM-V autonomous surface vessels [3] - The headquarters is located in Monroe Township, New Jersey, with an additional office in Richmond, California [3]
Ocean Power Technologies Appoints Authorized Service Partner in Kuwait for PowerBuoys® and WAM-Vs®
GlobeNewswire News Room· 2024-10-14 12:15
MONROE TOWNSHIP, N.J., Oct. 14, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) ("OPT" or the "Company"), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced it has signed an agreement with 3B General Trading & Contracting Co. W.L.L. (3B) to explore projects in the offshore energy and maritime industry in Kuwait, including deployment of WAM-V® autonomous and unmanned surface vehicles and Next Generation PowerBuoys® equ ...
Ocean Power Technologies Confirms Shipment of AI capable Merrows™ PowerBuoy® for the Middle East
GlobeNewswire News Room· 2024-10-07 12:15
Group 1 - Ocean Power Technologies, Inc. has confirmed a shipment of its AI capable Merrows™ PowerBuoy® to a customer in the Middle East [1] - The company specializes in low-carbon marine power solutions and provides services for various sectors including defense, oil and gas, science and research, and offshore wind [2] - The Merrows™ PowerBuoy® integrates Maritime Domain Awareness Systems and offers clean electric power and real-time data communications for remote maritime applications [2] Group 2 - Ocean Power Technologies is headquartered in Monroe Township, New Jersey, with an additional office in Richmond, California [2] - The company also offers WAM-V® autonomous surface vessels and marine robotics services [2]