Tag Archives: Ocean Power Technologies Inc.

Ocean Power Technologies Demonstrates Sonar Surveillance in DHS Autonomous PowerBuoy Application

Ocean Power Technologies Demonstrates Sonar Surveillance in DHS Autonomous PowerBuoy Application PENNINGTON, N.J., Oct. 1, 2013 (GLOBE NEWSWIRE) — Ocean Power Technologies, Inc. (Nasdaq:OPTT) (“OPT” or “the Company”) today announced the successful in-ocean operation of an acoustic sonar system integrated with its APB-350 Autonomous PowerBuoy®, marking an important expansion of the system’s maritime surveillance capabilities. […]

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Ocean Power Technologies Awarded U.S. Department of Energy Grant to Increase PowerBuoy Performance

PENNINGTON, N.J., Sept. 5, 2013 (GLOBE NEWSWIRE) — Ocean Power Technologies, Inc. (Nasdaq:OPTT) (“OPT” or “the Company”) today announced that the Company has been awarded a U.S. Department of Energy (“DOE”) Small Business Innovation Research (“SBIR”) Phase I grant of approximately $150,000 to study advanced control methods for maximizing the wave energy harvesting capability of […]

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Ocean Power Technologies Deploys Autonomous PowerBuoy Under U.S. Department of Homeland Security Program

PENNINGTON, N.J., Aug. 21, 2013 (GLOBE NEWSWIRE) — Ocean Power Technologies, Inc. (Nasdaq:OPTT) (“OPT” or “the Company”) today announced the deployment off New Jersey of its innovative autonomous wave energy device, marking an important milestone in the roll-out of the Company’s Autonomous PowerBuoy® (“APB”) product line. Continue Reading

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Ocean Power Technologies Announces Oregon-Based Regional Representation

PENNINGTON, N.J., June 7, 2013 (GLOBE NEWSWIRE) — Ocean Power Technologies, Inc. (Nasdaq:OPTT) (“OPT”, or “the Company”), a leading wave energy technology company, today announced that it has engaged consultant Kevin Watkins to serve as its Pacific Northwest Representative. OPT is planning for deployment of a Mark 3 PowerBuoy® wave energy conversion system off the […]

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Ocean Power Technologies Receives Approximately $1.5 Million Under New Jersey’s Technology Business Tax Certificate Transfer Program

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

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Ocean Power Technologies Announces New Head of Engineering

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 […]

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Ocean Power Technologies Announces Election of New 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 […]

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Ocean Power Technologies to Work with U.S. Department of Homeland Security and Wins New Autonomous PowerBuoy Grant

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 […]

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Ocean Power Technologies Completes Testing of Next Generation Power Take-Off

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®, […]

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Ocean Power Technologies Reports Strong Performance Of Autonomous PowerBuoy In Maritime Security Ocean Operations

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 […]

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