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 ...

MONROE TOWNSHIP, N.J., Sept. 12, 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 been awarded a follow-on contract valued at $1M as a subcontractor to EpiSci after the successful 12 month demonstration of its autonomous surface vehicle technologies during the Mission Autonomy Proving Grounds (MAPG) as part of Project Overmatch. Wi ...

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2][3] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [2] - Proactive focuses on various sectors including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Group 2 - Proactive employs technology to enhance workflows and has a team with decades of expertise [3] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [4]

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 ...

MONROE TOWNSHIP, N.J., Sept. 09, 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 achieved a major contractual milestone and completed the build of a new unmanned surface vehicle for delivery to a survey customer in Latin America. This delivery is part of the Company's previously announced expansion into the region, working with end cus ...

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 ...

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 ...

Core Viewpoint - Ocean Power Technologies Inc is experiencing significant growth through global expansion, particularly in the Middle East and Latin America, driven by increasing demand for their advanced buoy systems and autonomous vehicles [1][6]. Group 1: Company Developments - The company has been actively preparing systems for delivery, conducting demonstrations, and finalizing new partnerships and reseller agreements throughout the summer [2][3]. - A buoy intended for the Middle East is currently at the facility awaiting final factory acceptance tests before delivery [5]. - The company has been conducting survey work for customers in Latin America, showcasing buoy demonstrations and vehicle manufacturing capabilities [6]. Group 2: Market Demand and Customer Engagement - There is a growing interest in the company's systems in regions outside the U.S., with increasing inbound inquiries following each system delivery [6]. - Demonstrations of the systems have proven vital for creating word-of-mouth marketing and securing deals, as customers can see real-time data transmission from remote locations [7]. - The company aims to change the perception of its systems from being seen as R&D toys to real systems that deliver cost savings and environmental benefits [9]. Group 3: Strategic Partnerships - The company recognizes the importance of working with integrators and partners to enhance project management and integration skills, allowing for broader market reach [10][11]. - A network of trusted global partners is essential for the company to deliver its systems effectively to end customers [11].

Company Announcement - Ocean Power Technologies, Inc. (OPT) will report its fiscal 2025 first quarter results for the period ended July 31, 2024, after the market closes on September 16, 2024 [1] - A conference call to discuss the financial results will be held on September 17, 2024, at 9:00 AM EDT, hosted by CEO Philipp Stratmann and CFO Bob Powers [2] Conference Call Details - The dial-in numbers for the conference call are 877-407-8291 or 201-689-8345 [3] - A live webcast of the conference call will be available, and a replay will be accessible approximately two hours after the call's completion [3] Investor Relations - OPT management is hosting individual meetings with portfolio managers and analysts to enhance relations with institutional investors [4] - Interested parties can schedule meetings by contacting Investor Relations via email or phone [4] Company Overview - Ocean Power Technologies provides intelligent maritime solutions and services aimed at enhancing safety, cleanliness, and productivity in ocean operations across various sectors, including defense, oil and gas, science and research, and offshore wind [4] - The company's PowerBuoy® platforms deliver clean electric power and real-time data communications for remote maritime and subsea applications [4] - OPT also offers WAM-V® autonomous surface vessels and marine robotics services, with headquarters in Monroe Township, New Jersey, and an additional office in Richmond, California [4]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [1][2] - 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, utilizing decades of expertise from its human content creators [3][4] - All content published by Proactive is edited and authored by humans, ensuring adherence to best practices in content production and search engine optimization [4]