Ocean Power Technologies, Inc. (OPTT) News
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Latest OPTT News From Around the Web
Below are the latest news stories about OCEAN POWER TECHNOLOGIES INC that investors may wish to consider to help them evaluate OPTT as an investment opportunity.
Ocean Power Technologies to Speak at The Microcap Conference 2025Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American:OPTT), is pleased to announce its participation in The Microcap Conference 2025, the premier event for growth-focused companies and investors. The conference will take place January ... |
Ocean Power Technologies Readies Shipment of AI Capable Merrows™ PowerBuoy® for Naval Postgraduate SchoolMain Assembly Finalized--Further Progressing Strategic PlanMONROE TOWNSHIP, N.J., Dec. 23, 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 finalized the main assembly of the previously announced PowerBuoy® for Naval Postgraduate School. The full system, which includes installing AT&T® 5G technology and integrating advanced |
Ocean Power Technologies to Participate in a Fireside Chat on Thursday, December 19, 2024MONROE TOWNSHIP, N.J., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that as part of the Company’s ongoing commitment to connecting with the investor community, it will participate in a fireside chat on Thursday, December 19, 2024, at 11:00 a.m. ET. Dr. Philipp Stratmann, President and Chief Executive Officer for OPT, w |
Ocean Power Technologies Announces Financial Results for Second Quarter Fiscal 2025Confirms pathway to profitability in late 2025 based on record quarterly revenues and materially reduced expensesMONROE TOWNSHIP, N.J., Dec. 16, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), today announced financial results for the second quarter ended October 31, 2024 (Q2FY25). Q2FY25 Financial Highlights Revenue: $2.4 million, compared to $0.9 million for the same period last year, representing a 2.7x increase.Net Loss: $3.9 million, c |
Ocean Power Technologies Secures $3 Million in Purchase Order Commitments for WAM-V USV's in Latin AmericaNew partner helps to further increase OPTs presence in regionMONROE TOWNSHIP, N.J., Dec. 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 a new partnership, with $3M of purchase order commitments over 36 months in Latin America. This increases by $1.5M the previously announced $1.5M of purchases orders in Latin America. The WAM |
Ocean Power Technologies Pre-Releases Preliminary Financial Results for Second Quarter Fiscal 2025Confirms pathway to profitability in late 2025 based on record quarterly revenues and materially reduced expensesMONROE TOWNSHIP, N.J., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), today announced preliminary financial results for the second quarter ended October 31, 2024 (Q2FY25). The preliminary results included in this press release are subject to change and have not been audited or reviewed by our independent auditor. The Co |
Ocean Power Technologies to Release Fiscal 2025 Second Quarter Early Earnings on December 2, 2024MONROE TOWNSHIP, N.J., Nov. 18, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that it will release early earnings for its fiscal 2025 second quarter for the period ended October 31, 2024 after the market closes on Monday December 2, 2024. It also announced it will release its full results for the same quarter after the market cl |
Ocean Power Technologies Secures Follow-On Order for WAM-V 8 and Delivers WAM-V 16 and WAM-V 22 to Latin AmericaContinues Revenue and Booking Growth in Mexico and Costa RicaMONROE TOWNSHIP, N.J., Oct. 31, 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 completed several major contractual milestones and delivered new unmanned surface vehicles, a WAM-V 16 and a WAM-V 22, to previously announced survey customers in Latin America. This d |
Ocean Power Technologies Completes Major Milestone for Naval Information Warfare Center Pacific’s Project OvermatchCompletion of the second set of exercise supports immediate revenue recognitionMONROE TOWNSHIP, N.J., Oct. 28, 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 completed the second set of exercises of the previously announced follow-on contract as a subcontractor to EpiSci and successfully deployed several of its WAM-V |
Ocean Power Technologies Appoints Remah International Group as Distributor in the UAEParadigm Shifting Development in OPT’s Expansion of its Defense and Security Business in the Middle EastMONROE TOWNSHIP, N.J., Oct. 21, 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 signed a Distributor Agreement with Remah International Group (“RIG”), a privately held and UAE headquartered company with a focus on both mi |