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MIND Technology(MIND) - 2026 Q2 - Earnings Call Transcript
2025-09-10 14:02
MIND Technology (NasdaqCM:MIND) Q2 2026 Earnings Call September 10, 2025 09:00 AM ET Company ParticipantsRob Capps - President and CEOZach Vaughan - Investor RelationsMark Cox - VP and CFOOperatorGreetings. Welcome to MIND Technology's second quarter 2026 earnings conference call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your teleph ...
MIND Technology(MIND) - 2026 Q2 - Earnings Call Transcript
2025-09-10 14:02
MIND Technology (NasdaqCM:MIND) Q2 2026 Earnings Call September 10, 2025 09:00 AM ET Company ParticipantsRob Capps - President and CEOZach Vaughan - Investor RelationsMark Cox - VP and CFOOperatorGreetings. Welcome to MIND Technology's Second Quarter 2026 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your teleph ...
MIND Technology(MIND) - 2026 Q2 - Earnings Call Transcript
2025-09-10 14:00
MIND Technology (NasdaqCM:MIND) Q2 2026 Earnings Call September 10, 2025 09:00 AM ET Speaker4Greetings. Welcome to MIND Technology's second quarter 2026 earnings conference call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your h ...
Ocean Power Technologies Announces Shipment of WAM-Vs to the UAE
Globenewswire· 2025-09-02 12:15
Core Insights - Ocean Power Technologies, Inc. (OPT) is expanding its fleet in the Middle East by shipping two WAM-V Unmanned Surface Vehicles (USV) to Remah International Group (RIG), a defense partner in the UAE, to enhance autonomous ocean operations [1][2] - The company plans to establish a sales and operations office in the region, indicating a strategic move to increase its presence and capitalize on recent contract wins and demonstrations [2] - Jason Weed, SVP of Commercial Sales at OPT, highlighted the shipment's significance in strengthening the company's regional presence and emphasized the value of its AI-enabled ocean technologies in maritime security [3] 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 offers products such as Merrows™, which integrates Maritime Domain Awareness Systems, and PowerBuoy platforms that deliver clean electric power and real-time data communications for remote maritime applications [4]
Ocean Power Technologies Accelerates UAE Growth Strategy Through Expanded Partnership with Unique Group
Globenewswire· 2025-08-26 12:15
Core Insights - Ocean Power Technologies, Inc. (OPT) has entered into a Master Services Agreement (MSA) with Unique Group to enhance collaboration on unmanned surface vehicle (USV) projects in the UAE [1][2] - The MSA aims to accelerate WAM-V deployments and convert interest into revenue while scaling recurring lease income without significant overhead [2][4] - Unique Group will lease one OPT WAM-V 22 USV immediately, with plans for revenue sharing and joint fleet expansion [3][4] Group 1 - The MSA formalizes and expands the strategic collaboration originally announced in July 2024, positioning Unique Group as OPT's execution partner for non-defense WAM-V USV projects in the UAE [2] - The agreement includes plans for OPT to establish a dedicated Maintenance, Repair, and Overhaul (MRO) hub in the UAE to support regional operations [3] - The partnership reflects mutual confidence in advancing maritime autonomy and aims to reduce operational risks, carbon emissions, and costs [4] Group 2 - Ocean Power Technologies provides intelligent maritime solutions for various sectors, including defense, oil and gas, and offshore wind [6] - The company's offerings include AI-integrated systems and clean energy solutions, such as the PowerBuoy® platforms and WAM-V® autonomous surface vessels [6] - The headquarters is located in Monroe Township, New Jersey, with an additional office in Richmond, California [6]
Ocean Power Technologies Expands U.S. Presence with New Washington, D.C. Office at AUVSI Headquarters
Globenewswire· 2025-08-18 12:15
Core Insights - Ocean Power Technologies, Inc. has opened a new office at the AUVSI headquarters in Washington, D.C., marking a significant milestone in its expansion efforts and commitment to uncrewed systems operations and policy engagement at the national level [1][2] Group 1: Strategic Expansion - The new office enhances collaboration with AUVSI, the largest nonprofit organization focused on uncrewed systems and robotics, and supports industry-wide initiatives like the AUVSI Trusted Operator Program [2][3] - This strategic move allows the company to deepen engagement with key stakeholders in government, industry, and policy [3] Group 2: Growth Strategy - The expansion aligns with the company's broader growth strategy, which includes increasing its fleet of WAM-V® Unmanned Surface Vehicles and advancing its AI-capable Merrows™ Maritime Domain Awareness System [3] - The company aims to deliver persistent offshore infrastructure through its PowerBuoy® platforms [3][5] Group 3: Industry Positioning - By collocating with AUVSI, the company gains access to thought leadership, collaborative opportunities, and real-time engagement with decision-makers in both defense and commercial sectors [4]
Ocean Power Technologies to Announce Fiscal 2025 Fourth Quarter and Full-Year Results on July 24, 2025
Globenewswire· 2025-07-15 20:15
Core Points - Ocean Power Technologies, Inc. (OPT) will release its fiscal 2025 full year and fourth quarter earnings on July 24, 2025, after market close [1] - A conference call to discuss the financial results will take place on July 25, 2025, at 9:00 AM EST, hosted by CEO Philipp Stratmann and CFO Bob Powers [2] - The company is focused on enhancing relations with institutional investors through individual meetings with portfolio managers and analysts [3] Company Overview - OPT specializes in low-carbon marine power, data, and service solutions, providing intelligent maritime solutions for various sectors including defense, oil and gas, science, research, and offshore wind [3] - The company's product offerings include Merrows™, which integrates Maritime Domain Awareness Systems, PowerBuoy platforms for clean electric power and data communications, WAM-V unmanned surface vehicles, and marine robotics services [3] - OPT is headquartered in Monroe Township, New Jersey, with an additional office in Richmond, California [3]
Ocean Power Technologies Achieves ISO 9001 Certification
Globenewswire· 2025-07-14 12:15
Core Points - Ocean Power Technologies, Inc. has achieved ISO 9001 certification for its quality management system, reinforcing its commitment to quality and continuous improvement [1][2] - ISO 9001 is recognized globally as a standard for quality management, ensuring that organizations meet customer and regulatory requirements [2] - The certification highlights the company's transition to providing scalable and reliable maritime intelligence solutions, particularly for defense, energy, and research sectors [3] Company Overview - Ocean Power Technologies specializes in intelligent maritime solutions and services aimed at enhancing safety, cleanliness, and productivity in ocean operations [5] - The company's product portfolio includes the PowerBuoy, WAM-V Unmanned Surface Vehicles, and the Merrows™ Maritime Domain Awareness Solution, which integrates AI capabilities [5] - The headquarters is located in Monroe Township, New Jersey, with an additional office in Richmond, California [5]
Ocean Power Technologies Installs AI Capable Merrows™ PowerBuoy® for Naval Postgraduate School
Globenewswire· 2025-07-09 12:15
Core Insights - Ocean Power Technologies, Inc. has successfully installed its PowerBuoy system for the Naval Postgraduate School, integrating AT&T 5G technology for enhanced Maritime Domain Awareness [1][2][3] Group 1: Technology and Innovation - The PowerBuoy system is equipped with advanced subsea sensors and the proprietary Merrows™ suite, designed for AI-capable integration across various platforms [2][5] - This deployment allows for continuous, autonomous monitoring and data collection in strategically significant maritime regions [2][3] Group 2: Strategic Partnerships - The collaboration with AT&T highlights the potential of PowerBuoys to function as 5G communication nodes along the U.S. coastline, supporting national defense and maritime security [4][5] - AT&T's involvement emphasizes the modernization of network infrastructure to support future technologies in naval platforms [4] Group 3: Business Growth and Market Position - The installation marks a significant milestone in the execution of the company's strategic plan to provide advanced offshore infrastructure for defense, security, and research missions [3][4] - The demand for rapidly deployable maritime systems is expected to accelerate the growth of the company's services business [4]
Kraken Robotics Inc. Files Final Short Form Prospectus in connection with its Bought Deal Public Offering
Globenewswire· 2025-06-30 18:24
Core Viewpoint - Kraken Robotics Inc. has filed a final short form prospectus for a bought deal public offering of common shares at a price of $2.66 per share, aiming for gross proceeds of $100,016,000 [1][2]. Group 1: Offering Details - The offering will be conducted in all provinces of Canada except Quebec and may also be offered in the United States on a private placement basis [1]. - The underwriters, led by Desjardins Capital Markets, have an option to purchase an additional 15% of the common shares for market stabilization purposes [1]. - The expected closing date for the offering is around July 7, 2025, with conditional approval from the TSX Venture Exchange [2]. Group 2: Company Overview - Kraken Robotics Inc. is a marine technology company specializing in subsea sensors, batteries, and robotic systems, providing high-resolution 3D acoustic imaging solutions [5]. - The company is headquartered in Canada and has a presence in North and South America as well as Europe, recognized as a Top 100 marine technology company by Marine Technology Reporter [5].