PENNINGTON, N.J., Jan. 24, 2013 (GLOBE NEWSWIRE) — Ocean Power Technologies, Inc. (Nasdaq:OPTT) (“OPT” or “the Company”), a leading wave energy technology company, today announced that it recently received approximately $1.5 million under the State of New Jersey’s Business Tax Certificate Transfer Program (the “Program”). Continue Reading
PENNINGTON, N.J., Nov. 8, 2012 (GLOBE NEWSWIRE) — Ocean Power Technologies, Inc. (Nasdaq:OPTT) (“OPT”, or “the Company”), a leading wave energy technology company, today announced the appointment of Dr. Mike M. Mekhiche to the position of Vice President, Engineering. Dr. Mekhiche joins OPT from BAE Systems, where he most recently held the position of Director […]
PENNINGTON, N.J.–(BUSINESS WIRE)–Oct. 5, 2012– Ocean Power Technologies, Inc. (Nasdaq:OPTT) (“OPT” or “the Company”), a leading wave energy technology company, today announced that Terence J. Cryan was duly elected to the Company’s Board of Directors at the Company’s Annual Meeting of Stockholders held on October 4, 2012. In addition, Thomas J. Meaney retired from the […]
PENNINGTON, N.J.–(BUSINESS WIRE)–Sep. 4, 2012– Ocean Power Technologies, Inc. (Nasdaq: OPTT) (“OPT” or “the Company”) today announced that it has entered into a Cooperative Research and Development Agreement (“CRADA”) with the U.S. Department of Homeland Security (“DHS”) Science & Technology Directorate (“S&T”) to perform a new round of in-ocean tests on its Autonomous PowerBuoy® to […]
Significant milestone towards PB150 deployment off Reedsport, Oregon PENNINGTON, N.J.–(BUSINESS WIRE)–Jun. 18, 2012– Ocean Power Technologies, Inc. (Nasdaq: OPTT) (“OPT” or the “Company”), a leading wave energy technology company, today announced the successful completion of extensive factory acceptance testing of the first of its next generation power take-off (“PTO”) units for the Company’s utility-scale PowerBuoy®, […]
PENNINGTON, N.J.–(BUSINESS WIRE)–Feb. 2, 2012– Ocean Power Technologies, Inc. (Nasdaq: OPTT) (“OPT” or “the Company”), a leading wave energy technology company, today announces the results of the ocean operations of its autonomous PowerBuoy recently deployed off the coast of New Jersey for the US Navy. The system delivered a very strong performance, meeting all of […]
Technology companies in New Jersey are on track to receive double the benefits from a state program that allows them to sell their tax losses to raise capital. Read more of this entry
PENNINGTON, N.J., U.S., 10/24/11 (PennWell) – Ocean Power Technologies, Inc. will soon begin work on a new prediction model that is expected to boost the power output of the company’s PowerBuoy wave energy systems. Read more of this entry
PENNINGTON, N.J., Oct 24, 2011 (BUSINESS WIRE) – Ocean Power Technologies, Inc. (Nasdaq: OPTT) (“OPT” or “the Company”), a leading wave energy technology company, is pleased to announce the launch of a new technology initiative to enhance the efficiency of the Company’s patented PowerBuoy(R) wave energy systems under the Company’s existing “WavePort” project. Read more […]
PENNINGTON, N.J., Oct 11, 2011 (BUSINESS WIRE) – Ocean Power Technologies, Inc. (Nasdaq: OPTT) (“OPT” or “the Company”), a leading wave energy technology company, today announced that David L. Davis and Bruce A. Peacock were duly elected to the Company’s Board of Directors at the Company’s Annual Meeting of Stockholders held on October 6, 2011. […]
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