Ocean Power Tech Inc (OPTT) 6.66 $OPTT Ocean Po
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Posted On: 09/23/2016 3:08:39 AM
Ocean Power Tech Inc (OPTT) 6.66 $OPTT
Ocean Power Technologies Announces New Contract with the U.S. Department of Defense Office of Naval Research
GlobeNewswire - Wed Sep 14, 8:24AM CDT
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. Such a PowerBuoy differs from the current PB3 type in that it is self-contained and has no external moving components. Phase one of the contract scope includes the system design and laboratory testing of a proprietary, self-contained, inertia-based, mass-spring oscillator and power take-off ("PTO" , and for the selection of a station keeping propulsion solution to be integrated into the PowerBuoy. The contract allows for two subsequent phases, valued together at nearly $750,000, which are dependent upon the successful completion of phase one and additional ONR funding. This future scope would include the detailed design of the entire power conversion system, power generation system, and the PowerBuoy hull, as well as testing of the mass-spring oscillating PTO, and the build and integration of a full PowerBuoy system that is ready for ocean deployment.
OPTT: 6.66 (-0.40)
Ocean Power Technologies Announces Results for the Fiscal First Quarter Ended July 31, 2016
GlobeNewswire - Mon Sep 12, 3:30PM CDT
Ocean Power Technologies, Inc. (NASDAQ:OPTT) ("OPT" or "the Company" today announced financial results for its Fiscal 2017 first quarter ended July 31, 2016 ("fiscal 2017" .
OPTT: 6.66 (-0.40)
Machinery Stocks on Investors' Radar -- Ocean Power Technologies, 3M, Illinois Tool Works, and ITT Inc.
PR Newswire - Mon Sep 12, 6:50AM CDT
Ahead of today's trading session, Stock-Callers.com is closely reviewing the following Diversified Machinery equities: Ocean Power Technologies Inc. (NASDAQ: OPTT), 3M Co. (NYSE: MMM), Illinois Tool Works Inc. (NYSE: ITW), and ITT Inc. (NYSE: ITT). These stocks belong in the Industrials sector, which is involved in the production of construction and manufacturing goods. On September 01, 2016, research firm Charles Schwab has reiterated its "Market Perform" rating on the sector given some slight improvements in global manufacturing. Learn more about these stocks by downloading their comprehensive and free reports at: http://stock-callers.com/registration
MMM: 179.85 (+0.26), OPTT: 6.66 (-0.40), ITT: 35.80 (+0.29), ITW: 119.69 (+0.63), SCHW: 31.24 (+0.11)
Ocean Power Technologies Announces Closing of Registered Direct Public Offering of Common Stock and Warrants
GlobeNewswire - Tue Jun 07, 1:19PM CDT
Ocean Power Technologies, Inc. (NASDAQ:OPTT) ("OPT" or "the Company" today announced the closing of its previously announced registered direct offering to several institutional investors to purchase 417,000 shares of common stock and warrants to purchase an aggregate of 145,952 shares of its common stock. Each share of common stock was sold with a warrant to purchase 0.35 shares of common stock of the Company at a combined purchase price of $4.60 per share. The warrants will be exercisable beginning six months and one day after the date of issuance at a price of $6.08 per full share of common stock and will be exercisable for a period of five years from closing.
OPTT: 6.66 (-0.40)
Ocean Power Technologies Announces Pricing of Registered Direct Public Offering of Common Stock and Warrants
GlobeNewswire - Thu Jun 02, 9:15AM CDT
Ocean Power Technologies, Inc. (NASDAQ:OPTT) ("OPT" or "the Company" announced the pricing of a registered direct offering of 417,000 shares of common stock and warrants to purchase an aggregate of 145,950 shares of its common stock. Each share of common stock is being sold together with a warrant to purchase 0.35 shares of common stock of the Company at a combined purchase price of $4.60 per share. The warrants will be exercisable beginning six months and one day after the date of issuance at a price of $6.04 per full share of common stock and will be exercisable for a period of five years from closing, which is expected to occur on June 7, 2016.
OPTT: 6.66 (-0.40)
Ocean Power Technologies Enters Into First Commercial PB3 Agreement with Mitsui Engineering and Shipbuilding
GlobeNewswire - Wed Jun 01, 7:30AM CDT
Ocean Power Technologies, Inc. (NASDAQ:OPTT) ("OPT" or "the Company" announced today that the Company has entered into a PB3 PowerBuoy lease agreement ("Agreement" with Mitsui Engineering and Shipbuilding ("MES" , which is valued at approximately $975,000. The PB3 PowerBuoy leased by MES is planned to be deployed off Kozu-island in Japan following a planned stage gate review. Under the Agreement, OPT will also provide engineering support, associated deployment planning and logistics and ocean performance data collection and analysis. OPT and MES will also jointly develop and test an advanced control algorithm with the goal of assessing increased ocean wave energy capture and electric power generation for potential customers in Japan and surrounding countries. Work on the project began in March 2016 following the signing of a letter of intent by OPT and MES.
OPTT: 6.66 (-0.40)
Ocean Power Technologies to Present at the 5th Annual Marcum MicroCap Conference
GlobeNewswire - Tue May 31, 6:21AM CDT
Ocean Power Technologies, Inc. (Nasdaq:OPTT) announced today that it will be a featured presenter at the 5th Annual Marcum MicroCap Conference on Wednesday, June 1, 2016 in New York City at the Grand Hyatt Hotel.
OPTT: 6.66 (-0.40)
Ocean Power Technologies Settles Class Action Lawsuit
GlobeNewswire - Wed May 11, 6:45AM CDT
Ocean Power Technologies, Inc. (Nasdaq:OPTT) ("OPT" or "the Company" announced today that it has reached a settlement agreement in the class action securities litigation, In re: Ocean Power Technologies, Inc. Securities Litigation, Case No. 14-3799, first filed in June 2014 in US District Court in New Jersey. The Company and the other defendants reached a settlement agreement which, if approved by the court, will settle claims asserted in the lawsuit by the lead plaintiff individually and on behalf of a class that consists of investors in the Company from January 14, 2014 through July 29, 2014, and investors who purchased the Company's securities in the Company's April 4, 2014 offering of shares of common stock. The agreement will settle the class action litigation without any admission or concession of wrongdoing or liability by the Company or the other defendants. The terms of the settlement are subject to notice to the class and final approval by the Court.
OPTT: 6.66 (-0.40)
Ocean Power Technologies Announces Election of Two New Directors
GlobeNewswire - Mon May 09, 6:14AM CDT
Ocean Power Technologies, Inc. (Nasdaq:OPTT) ("OPT" or "the Company" , a leading wave energy technology company, announced today that Steven M. Fludder and Robert K. Winters were elected to the Board of Directors effective May 5, 2016.
OPTT: 6.66 (-0.40)
Ocean Power Technologies Receives Approximately $1.7 Million Through New Jersey's Technology Business Tax Certificate Transfer Program
GlobeNewswire - Mon Jan 25, 8:25AM CST
Ocean Power Technologies, Inc. (Nasdaq:OPTT) announced today that it recently received approximately $1.7 million through the State of New Jersey's Business Tax Certificate Transfer Program (the Program).
OPTT: 6.66 (-0.40)
4 Stocks That Are Trading Higher In The Face of the Down Market Today
ACCESSWIRE - Wed Jan 20, 10:36AM CST
NEW YORK, NY / ACCESSWIRE / January 20, 2016 / The Stock Expert is issuing a report on four stocks to watch. ZFGN, KONE, SYN and OPTT have been attracting the attention of major investors today. Continue reading to find out why. - To get more reports on current stocks subscribe to our newsletter at TheStockExpert.com.
ZFGN: 3.38 (+0.12), OPTT: 6.66 (-0.40), KONE: 6.17 (+0.11)
Ocean Power Technologies, Inc. Announces APB350 (A1) PowerBuoy Achieves Significant Performance Milestones
GlobeNewswire - Wed Jan 20, 9:56AM CST
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 (1MWh). In addition, a new maximum generation record of 32 kWh of energy for a 24-hour period was achieved. The APB350 A1, deployed off of the coast of New Jersey, has communicated key performance as well as meteorological data from the buoy's integrated weather station.
OPTT: 6.66 (-0.40)
Ocean Power Technologies Announces Results for the Fiscal Second Quarter Ended October 31, 2015
GlobeNewswire - Mon Dec 14, 6:30AM CST
Ocean Power Technologies, Inc. (Nasdaq:OPTT) today announced financial results for its Fiscal 2016 second quarter ended October 31, 2015.
OPTT: 6.66 (-0.40)
Ocean Power Technologies, Inc. Announces 1-For-10 Reverse Stock Split
GlobeNewswire - Wed Oct 28, 6:30AM CDT
Ocean Power Technologies, Inc. (Nasdaq:OPTT) ("OPT" or "the Company" today announced that it will effect a reverse stock split at a ratio of one share of newly issued common stock for each 10 shares of issued and outstanding common stock. OPT anticipates that the reverse stock split will be effective at 5:00 p.m. Eastern Standard Time on October 28, 2015, and that the common stock will commence trading on a split-adjusted basis as of the opening of trading on October 29, 2015.
OPTT: 6.66 (-0.40)
OPT and Gardline Environmental Announce Agreement for Joint Development of Metocean Monitoring and Maritime Security Systems Solutions
GlobeNewswire - Mon Oct 26, 6:30AM CDT
Ocean Power Technologies, Inc. (Nasdaq:OPTT) and Gardline Environmental, Ltd announced today a Memorandum of Understanding ("MOU" to jointly develop innovative metocean monitoring and maritime security systems for prospective customers in the ocean observing and defense and security markets.
OPTT: 6.66 (-0.40)
OPT Announces Initiation of Accelerated Life Testing of Autonomous PowerBuoy PTOs, Retrieval and Repair of APB350 (A1) PowerBuoy, and At The Market Equity Offering
GlobeNewswire - Tue Oct 20, 8:00AM CDT
Ocean Power Technologies, Inc. (Nasdaq:OPTT) ("OPT" or "the Company" today announced that it has begun Accelerated Life Testing ("ALT" on its redesigned APB350 power takeoff (PTO) system as part of its effort to demonstrate product reliability and durability, and to accelerate toward product commercialization.
OPTT: 6.66 (-0.40)
Ocean Power Technologies Announces Formation of a Technical Advisory Panel to Accelerate Commercial Market Adoption of PowerBuoy(R)
GlobeNewswire - Wed Sep 09, 6:30AM CDT
Ocean Power Technologies, Inc. (Nasdaq:OPTT) ("OPT" or "the Company" announced today that it has formed a Technical Advisory Panel ("TAP" as part of its intensified efforts to accelerate PowerBuoy commercialization and market adoption. The TAP consists of selected potential customers, end-users, technical stakeholders, and scientific consultants from various markets to incorporate a wide spectrum of applications and market requirements. The six companies that make up the panel include Gardline Marine Sciences, DNV GL, as well as representatives from two major oil & gas operators, a large oil and gas equipment manufacturer and a leading meteorological and oceanographic sensor manufacturer. The University of Western Australia (UWA) Centre for Offshore Foundation Systems (COFS) participates to the TAP by providing scientific advices related to foundation engineering.
OPTT: 6.66 (-0.40)
Ocean Power Technologies Successfully Deploys APB350 PowerBuoy Off the Coast of Atlantic City, New Jersey
GlobeNewswire - Tue Sep 08, 5:30AM CDT
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.
OPTT: 6.66 (-0.40)
Photo Release -- Ocean Power Technologies Successfully Deploys PB40 PowerBuoy Off the Coast of New Jersey
GlobeNewswire - Tue Jul 28, 6:30AM CDT
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 its technology. In addition to further validating the logistical processes associated with permitting, staging, and buoy towing to its mooring location approximately 30 nautical miles southeast of the New York City Harbor, the operational buoy will provide the company with key performance data to accelerate ongoing product commercialization and technology development efforts.
OPTT: 6.66 (-0.40)
Ocean Power Technologies Announces New Contract with the U.S. Department of Defense Office of Naval Research
GlobeNewswire - Wed Sep 14, 8:24AM CDT
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. Such a PowerBuoy differs from the current PB3 type in that it is self-contained and has no external moving components. Phase one of the contract scope includes the system design and laboratory testing of a proprietary, self-contained, inertia-based, mass-spring oscillator and power take-off ("PTO" , and for the selection of a station keeping propulsion solution to be integrated into the PowerBuoy. The contract allows for two subsequent phases, valued together at nearly $750,000, which are dependent upon the successful completion of phase one and additional ONR funding. This future scope would include the detailed design of the entire power conversion system, power generation system, and the PowerBuoy hull, as well as testing of the mass-spring oscillating PTO, and the build and integration of a full PowerBuoy system that is ready for ocean deployment. OPTT: 6.66 (-0.40)
Ocean Power Technologies Announces Results for the Fiscal First Quarter Ended July 31, 2016
GlobeNewswire - Mon Sep 12, 3:30PM CDT
Ocean Power Technologies, Inc. (NASDAQ:OPTT) ("OPT" or "the Company"
today announced financial results for its Fiscal 2017 first quarter ended July 31, 2016 ("fiscal 2017" . OPTT: 6.66 (-0.40)
Machinery Stocks on Investors' Radar -- Ocean Power Technologies, 3M, Illinois Tool Works, and ITT Inc.
PR Newswire - Mon Sep 12, 6:50AM CDT
Ahead of today's trading session, Stock-Callers.com is closely reviewing the following Diversified Machinery equities: Ocean Power Technologies Inc. (NASDAQ: OPTT), 3M Co. (NYSE: MMM), Illinois Tool Works Inc. (NYSE: ITW), and ITT Inc. (NYSE: ITT). These stocks belong in the Industrials sector, which is involved in the production of construction and manufacturing goods. On September 01, 2016, research firm Charles Schwab has reiterated its "Market Perform" rating on the sector given some slight improvements in global manufacturing. Learn more about these stocks by downloading their comprehensive and free reports at: http://stock-callers.com/registration
MMM: 179.85 (+0.26), OPTT: 6.66 (-0.40), ITT: 35.80 (+0.29), ITW: 119.69 (+0.63), SCHW: 31.24 (+0.11)
Ocean Power Technologies Announces Closing of Registered Direct Public Offering of Common Stock and Warrants
GlobeNewswire - Tue Jun 07, 1:19PM CDT
Ocean Power Technologies, Inc. (NASDAQ:OPTT) ("OPT" or "the Company"
today announced the closing of its previously announced registered direct offering to several institutional investors to purchase 417,000 shares of common stock and warrants to purchase an aggregate of 145,952 shares of its common stock. Each share of common stock was sold with a warrant to purchase 0.35 shares of common stock of the Company at a combined purchase price of $4.60 per share. The warrants will be exercisable beginning six months and one day after the date of issuance at a price of $6.08 per full share of common stock and will be exercisable for a period of five years from closing. OPTT: 6.66 (-0.40)
Ocean Power Technologies Announces Pricing of Registered Direct Public Offering of Common Stock and Warrants
GlobeNewswire - Thu Jun 02, 9:15AM CDT
Ocean Power Technologies, Inc. (NASDAQ:OPTT) ("OPT" or "the Company"
announced the pricing of a registered direct offering of 417,000 shares of common stock and warrants to purchase an aggregate of 145,950 shares of its common stock. Each share of common stock is being sold together with a warrant to purchase 0.35 shares of common stock of the Company at a combined purchase price of $4.60 per share. The warrants will be exercisable beginning six months and one day after the date of issuance at a price of $6.04 per full share of common stock and will be exercisable for a period of five years from closing, which is expected to occur on June 7, 2016. OPTT: 6.66 (-0.40)
Ocean Power Technologies Enters Into First Commercial PB3 Agreement with Mitsui Engineering and Shipbuilding
GlobeNewswire - Wed Jun 01, 7:30AM CDT
Ocean Power Technologies, Inc. (NASDAQ:OPTT) ("OPT" or "the Company"
announced today that the Company has entered into a PB3 PowerBuoy lease agreement ("Agreement" with Mitsui Engineering and Shipbuilding ("MES" , which is valued at approximately $975,000. The PB3 PowerBuoy leased by MES is planned to be deployed off Kozu-island in Japan following a planned stage gate review. Under the Agreement, OPT will also provide engineering support, associated deployment planning and logistics and ocean performance data collection and analysis. OPT and MES will also jointly develop and test an advanced control algorithm with the goal of assessing increased ocean wave energy capture and electric power generation for potential customers in Japan and surrounding countries. Work on the project began in March 2016 following the signing of a letter of intent by OPT and MES. OPTT: 6.66 (-0.40)
Ocean Power Technologies to Present at the 5th Annual Marcum MicroCap Conference
GlobeNewswire - Tue May 31, 6:21AM CDT
Ocean Power Technologies, Inc. (Nasdaq:OPTT) announced today that it will be a featured presenter at the 5th Annual Marcum MicroCap Conference on Wednesday, June 1, 2016 in New York City at the Grand Hyatt Hotel.
OPTT: 6.66 (-0.40)
Ocean Power Technologies Settles Class Action Lawsuit
GlobeNewswire - Wed May 11, 6:45AM CDT
Ocean Power Technologies, Inc. (Nasdaq:OPTT) ("OPT" or "the Company"
announced today that it has reached a settlement agreement in the class action securities litigation, In re: Ocean Power Technologies, Inc. Securities Litigation, Case No. 14-3799, first filed in June 2014 in US District Court in New Jersey. The Company and the other defendants reached a settlement agreement which, if approved by the court, will settle claims asserted in the lawsuit by the lead plaintiff individually and on behalf of a class that consists of investors in the Company from January 14, 2014 through July 29, 2014, and investors who purchased the Company's securities in the Company's April 4, 2014 offering of shares of common stock. The agreement will settle the class action litigation without any admission or concession of wrongdoing or liability by the Company or the other defendants. The terms of the settlement are subject to notice to the class and final approval by the Court. OPTT: 6.66 (-0.40)
Ocean Power Technologies Announces Election of Two New Directors
GlobeNewswire - Mon May 09, 6:14AM CDT
Ocean Power Technologies, Inc. (Nasdaq:OPTT) ("OPT" or "the Company"
, a leading wave energy technology company, announced today that Steven M. Fludder and Robert K. Winters were elected to the Board of Directors effective May 5, 2016. OPTT: 6.66 (-0.40)
Ocean Power Technologies Receives Approximately $1.7 Million Through New Jersey's Technology Business Tax Certificate Transfer Program
GlobeNewswire - Mon Jan 25, 8:25AM CST
Ocean Power Technologies, Inc. (Nasdaq:OPTT) announced today that it recently received approximately $1.7 million through the State of New Jersey's Business Tax Certificate Transfer Program (the Program).
OPTT: 6.66 (-0.40)
4 Stocks That Are Trading Higher In The Face of the Down Market Today
ACCESSWIRE - Wed Jan 20, 10:36AM CST
NEW YORK, NY / ACCESSWIRE / January 20, 2016 / The Stock Expert is issuing a report on four stocks to watch. ZFGN, KONE, SYN and OPTT have been attracting the attention of major investors today. Continue reading to find out why. - To get more reports on current stocks subscribe to our newsletter at TheStockExpert.com.
ZFGN: 3.38 (+0.12), OPTT: 6.66 (-0.40), KONE: 6.17 (+0.11)
Ocean Power Technologies, Inc. Announces APB350 (A1) PowerBuoy Achieves Significant Performance Milestones
GlobeNewswire - Wed Jan 20, 9:56AM CST
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 (1MWh). In addition, a new maximum generation record of 32 kWh of energy for a 24-hour period was achieved. The APB350 A1, deployed off of the coast of New Jersey, has communicated key performance as well as meteorological data from the buoy's integrated weather station.
OPTT: 6.66 (-0.40)
Ocean Power Technologies Announces Results for the Fiscal Second Quarter Ended October 31, 2015
GlobeNewswire - Mon Dec 14, 6:30AM CST
Ocean Power Technologies, Inc. (Nasdaq:OPTT) today announced financial results for its Fiscal 2016 second quarter ended October 31, 2015.
OPTT: 6.66 (-0.40)
Ocean Power Technologies, Inc. Announces 1-For-10 Reverse Stock Split
GlobeNewswire - Wed Oct 28, 6:30AM CDT
Ocean Power Technologies, Inc. (Nasdaq:OPTT) ("OPT" or "the Company"
today announced that it will effect a reverse stock split at a ratio of one share of newly issued common stock for each 10 shares of issued and outstanding common stock. OPT anticipates that the reverse stock split will be effective at 5:00 p.m. Eastern Standard Time on October 28, 2015, and that the common stock will commence trading on a split-adjusted basis as of the opening of trading on October 29, 2015. OPTT: 6.66 (-0.40)
OPT and Gardline Environmental Announce Agreement for Joint Development of Metocean Monitoring and Maritime Security Systems Solutions
GlobeNewswire - Mon Oct 26, 6:30AM CDT
Ocean Power Technologies, Inc. (Nasdaq:OPTT) and Gardline Environmental, Ltd announced today a Memorandum of Understanding ("MOU"
to jointly develop innovative metocean monitoring and maritime security systems for prospective customers in the ocean observing and defense and security markets. OPTT: 6.66 (-0.40)
OPT Announces Initiation of Accelerated Life Testing of Autonomous PowerBuoy PTOs, Retrieval and Repair of APB350 (A1) PowerBuoy, and At The Market Equity Offering
GlobeNewswire - Tue Oct 20, 8:00AM CDT
Ocean Power Technologies, Inc. (Nasdaq:OPTT) ("OPT" or "the Company"
today announced that it has begun Accelerated Life Testing ("ALT" on its redesigned APB350 power takeoff (PTO) system as part of its effort to demonstrate product reliability and durability, and to accelerate toward product commercialization. OPTT: 6.66 (-0.40)
Ocean Power Technologies Announces Formation of a Technical Advisory Panel to Accelerate Commercial Market Adoption of PowerBuoy(R)
GlobeNewswire - Wed Sep 09, 6:30AM CDT
Ocean Power Technologies, Inc. (Nasdaq:OPTT) ("OPT" or "the Company"
announced today that it has formed a Technical Advisory Panel ("TAP" as part of its intensified efforts to accelerate PowerBuoy commercialization and market adoption. The TAP consists of selected potential customers, end-users, technical stakeholders, and scientific consultants from various markets to incorporate a wide spectrum of applications and market requirements. The six companies that make up the panel include Gardline Marine Sciences, DNV GL, as well as representatives from two major oil & gas operators, a large oil and gas equipment manufacturer and a leading meteorological and oceanographic sensor manufacturer. The University of Western Australia (UWA) Centre for Offshore Foundation Systems (COFS) participates to the TAP by providing scientific advices related to foundation engineering. OPTT: 6.66 (-0.40)
Ocean Power Technologies Successfully Deploys APB350 PowerBuoy Off the Coast of Atlantic City, New Jersey
GlobeNewswire - Tue Sep 08, 5:30AM CDT
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. OPTT: 6.66 (-0.40)
Photo Release -- Ocean Power Technologies Successfully Deploys PB40 PowerBuoy Off the Coast of New Jersey
GlobeNewswire - Tue Jul 28, 6:30AM CDT
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 its technology. In addition to further validating the logistical processes associated with permitting, staging, and buoy towing to its mooring location approximately 30 nautical miles southeast of the New York City Harbor, the operational buoy will provide the company with key performance data to accelerate ongoing product commercialization and technology development efforts. OPTT: 6.66 (-0.40)
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