PowerBuoy

Ocean Power Technologies Successfully Demonstrates Advanced AI Solutions in the North Atlantic

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月曜日, 5月 6, 2024
Intelligence, Ocean Power Technologies, Artificiality, Algorithm, PowerBuoy, OPT, Artificial intelligence, Renewable energy

Further demonstrations for additional potential customers, including overseas prime contractors, are already scheduled to occur over the next few weeks.

Key Points: 
  • Further demonstrations for additional potential customers, including overseas prime contractors, are already scheduled to occur over the next few weeks.
  • Built with survivability and cybersecurity in mind, OPT can securely connect into this solution from anywhere in the world.
  • In addition to generating actionable intelligence, the data can also be used as a feed into Large Language Models or other Advanced AI systems.
  • For additional information about OPT and its services, please visit our website Ocean Power Technologies .

Ocean Power Technologies, Inc. Announces Second Quarter Fiscal 2023 Results

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水曜日, 12月 14, 2022
ASV, Conference, MDA, Ocean Power Technologies, NYSE, Controller, Robotics, PowerBuoy, Science, CFO, Area studies, Balance sheet, MAR, Telephone, OPT, Atmosphere, Engineering, VFA-195 (U.S. Navy), SG, Growth, Investment, Research, Wind, Form 10-Q, Unmanned surface vehicle, Form, Video game, Cryptocurrency, Internet service provider, Mobile phone

MONROE TOWNSHIP, N.J., Dec. 14, 2022 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine data, power, and consulting service solutions, today announced financial results for its second quarter ended October 31, 2022 (“2Q23”).

Key Points: 
  • MONROE TOWNSHIP, N.J., Dec. 14, 2022 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine data, power, and consulting service solutions, today announced financial results for its second quarter ended October 31, 2022 (“2Q23”).
  • Total orders for the 2Q23 were $2.3 million, as compared to $0.1 million for the second quarter ended October 31, 2021 (“2Q22”).
  • Continued second round of field testing of a proprietary next-generation Maritime Domain Awareness ("MDA") solution.
  • Remained on plan for completion during the quarter ended January 31, 2023.

Ocean Power Technologies, Inc. Announces First Quarter Fiscal 2022 Results

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月曜日, 9月 12, 2022
Engineering, Traction, Form 10-Q, CFO, NYSE, Phase, U.S. Securities and Exchange Commission, U.S. Department of Defense Strategy for Operating in Cyberspace, Company, OPT, Growth, Private Securities Litigation Reform Act, Ocean Power Technologies, SG, Forward-looking statement, Investment, Phrase, CEO, Wind, SBIR, PowerBuoy, Solution, Investor relations, Controller, Small business, Balance sheet, Science, Telephone, Government, Form, Research, Conference, GLOBE, DOE, ASV, Robotics, Renewable energy, Video game, Internet service provider

MONROE TOWNSHIP, N.J., Sept. 12, 2022 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc.("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine data, power, and consulting service solutions, today announced financial results for its first quarter endedJuly 31, 2022.

Key Points: 
  • MONROE TOWNSHIP, N.J., Sept. 12, 2022 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc.("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine data, power, and consulting service solutions, today announced financial results for its first quarter endedJuly 31, 2022.
  • Management Commentary Philipp Stratmann, OPT's President and Chief Executive Officer
    "I was pleased with our results this quarter, particularly with the progress within business development, and I remain encouraged with our ability to achieve our $9.0 million bookings target for fiscal 2023.
  • As announced on August 12, 2022, OPT will host a conference call and webcast to review its financial and operating results tomorrow morning, Tuesday, September 13, 2022, at 9:00 a.m. Eastern time.
  • Our PowerBuoy platforms provide clean and reliable electric power and real-time data communications for remote maritime and subsea applications.

Eco Wave Power and Ocean Power Technologies Announce Collaboration to Propel Wave Energy to the Next Level

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木曜日, 1月 13, 2022
Research, Robotics, Science, NYSE, Knowledge, ASVS, Solution, Ocean Power Technologies, Nasdaq First North, Wind, Nasdaq, PowerBuoy, WEC, Climate change, OPT, Engineering, Renewable energy

STOCKHOLM and MONROE TOWNSHIP, N.J., Jan. 13, 2022 /PRNewswire/ -- Eco Wave Power Global AB (publ) (Nasdaq First North: ECOWVE and Nasdaq US: WAVE) ("Eco Wave Power") and Ocean Power Technologies, Inc. (NYSE American: OPTT) ("OPT"), two publicly traded wave energy companies, announced today they are working to utilize their complementary technologies and skills to accelerate wave energy projects pursuant to an agreement previously signed.

Key Points: 
  • STOCKHOLM and MONROE TOWNSHIP, N.J., Jan. 13, 2022 /PRNewswire/ -- Eco Wave Power Global AB (publ) (Nasdaq First North: ECOWVE and Nasdaq US: WAVE) ("Eco Wave Power") and Ocean Power Technologies, Inc. (NYSE American: OPTT) ("OPT"), two publicly traded wave energy companies, announced today they are working to utilize their complementary technologies and skills to accelerate wave energy projects pursuant to an agreement previously signed.
  • In addition, joint solutions can be developed utilizing each company's respective offshore and onshore technologies and leveraging OPT's offshore engineering and newly acquired robotics capabilities in Eco Wave Power's applicable projects.
  • I believe this collaboration will open the door to cross-industry knowledge sharing, as we understand that we are working towards the same goal.
  • Our goal is to create positive impact by adding wave energy to the global renewable energy mix to address climate change."

Eco Wave Power and Ocean Power Technologies Announce Collaboration to Propel Wave Energy to the Next Level

Retrieved on: 
木曜日, 1月 13, 2022
Research, Robotics, Science, NYSE, Knowledge, ASVS, Solution, Ocean Power Technologies, Nasdaq First North, Wind, Nasdaq, PowerBuoy, WEC, Climate change, OPT, Engineering, Renewable energy

STOCKHOLM and MONROE TOWNSHIP, N.J., Jan. 13, 2022 /PRNewswire/ -- Eco Wave Power Global AB (publ) (Nasdaq First North: ECOWVE and Nasdaq US: WAVE) ("Eco Wave Power") and Ocean Power Technologies, Inc. (NYSE American: OPTT) ("OPT"), two publicly traded wave energy companies, announced today they are working to utilize their complementary technologies and skills to accelerate wave energy projects pursuant to an agreement previously signed.

Key Points: 
  • STOCKHOLM and MONROE TOWNSHIP, N.J., Jan. 13, 2022 /PRNewswire/ -- Eco Wave Power Global AB (publ) (Nasdaq First North: ECOWVE and Nasdaq US: WAVE) ("Eco Wave Power") and Ocean Power Technologies, Inc. (NYSE American: OPTT) ("OPT"), two publicly traded wave energy companies, announced today they are working to utilize their complementary technologies and skills to accelerate wave energy projects pursuant to an agreement previously signed.
  • In addition, joint solutions can be developed utilizing each company's respective offshore and onshore technologies and leveraging OPT's offshore engineering and newly acquired robotics capabilities in Eco Wave Power's applicable projects.
  • I believe this collaboration will open the door to cross-industry knowledge sharing, as we understand that we are working towards the same goal.
  • Our goal is to create positive impact by adding wave energy to the global renewable energy mix to address climate change."

Ocean Power Technologies’ PB3 PowerBuoy® Achieves New Operational Milestone

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水曜日, 8月 19, 2020
Energy, Articles, Energy conversion, Sustainable technologies, PowerBuoy, Energy transformation, Marine energy, Buoy, Wave power

The PB3 PowerBuoy continues to validate its durability as a proven marine power asset, said George H. Kirby, President and Chief Executive Officer of OPT.

Key Points: 
  • The PB3 PowerBuoy continues to validate its durability as a proven marine power asset, said George H. Kirby, President and Chief Executive Officer of OPT.
  • To date, this PB3 PowerBuoy has produced more than 2.7 MWh since it was deployed .
  • The power takeoff (PTO) OPTs patented wave energy conversion system that converts ocean wave motion into rotary motion to drive a generator has made more than 3.5 million cycles.
  • Headquartered in Monroe Township, New Jersey, OPT aspires to transform the world through durable, innovative, and cost-effective ocean energy solutions.

Ocean Power Technologies Unveils Its Subsea Battery Solution

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月曜日, 8月 17, 2020
Energy, Articles, Electric power, Energy conversion, Ocean Power Technologies, Renewable energy in Australia, Renewable energy in the United States, Wave power, PowerBuoy, Subsea, Electric battery

MONROE TOWNSHIP, N.J., Aug. 17, 2020 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc.(OPT or the Company) (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy solutions, today announced the launch of its latest product, the Subsea Battery solution.

Key Points: 
  • MONROE TOWNSHIP, N.J., Aug. 17, 2020 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc.(OPT or the Company) (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy solutions, today announced the launch of its latest product, the Subsea Battery solution.
  • OPTs Subsea Battery solution is an environmentally friendly lithium-iron phosphate battery system with a nominal storage capacity of 132 kilowatt-hours.
  • The Subsea Battery solution can be integrated with an OPT PowerBuoy for charging or used for standalone power.
  • The Subsea Battery solution provides uninterruptable power for long-term offshore installations requiring electric power, backup or emergency power for short term missions, and is scalable with multiple units to meet higher energy needs.

Ocean Power Technologies Unveils Autonomous Surface Surveillance Solution for Offshore Territorial Applications

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水曜日, 7月 8, 2020
Energy, Articles, Energy conversion, Renewable energy in the United States, PowerBuoy, Crime prevention, Ocean Power Technologies, Surveillance

MONROE TOWNSHIP, N.J., July 08, 2020 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc.(OPT or the Company) (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy solutions, today announced the availability of its PowerBuoy Surface Surveillance Solution suitable for security monitoring of offshore areas.

Key Points: 
  • MONROE TOWNSHIP, N.J., July 08, 2020 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc.(OPT or the Company) (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy solutions, today announced the availability of its PowerBuoy Surface Surveillance Solution suitable for security monitoring of offshore areas.
  • A single OPT Surface Surveillance Solution can monitor more than 1600 square miles of ocean surface on a permanent or temporary basis, with the ability to seamlessly link multiple surveillance assets together over large ocean areas giving end-users visibility into potentially damaging environmental or illegal activities.
  • Data from the OPT Surface Surveillance Solution is transmitted to shore-based command stations via WiFi, cellular, mesh, and/or satellite systems, depending upon location.
  • OPT is actively marketing its Surface Surveillance Solution to governments, non-government organizations, and companies in locations throughout the world.

Ocean Power Technologies Announces Fourth Quarter and Full Year Fiscal 2020 Results

Retrieved on: 
月曜日, 6月 29, 2020
Energy, Companies, Energy conversion, Enel, Ocean Power Technologies, PowerBuoy

ET

Key Points: 
  • ET
    MONROE TOWNSHIP, N.J., June 29, 2020 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc.(OPT or the Company) (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy solutions, today announced financial results for the fourth quarter and full fiscal year 2020 endedApril 30, 2020.
  • Sale of a PB3 PowerBuoy and turn-key ocean monitoring system to Enel Green Power to be deployed off the Chilean coast.
  • Revenue for the fourth quarter of fiscal 2020 was$0.6 million, an increase of $0.4 million over the prior-year period, which is mainly attributable to a new contract signed with Enel Green Power.
  • Revenue for the full twelve months of fiscal 2020 was$1.7 million, which is an improvement over fiscal 2019, primarily due to a new contract signed with Enel Green Power.

Ocean Power Technologies Launches hybrid PowerBuoy®

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金曜日, 6月 26, 2020
Energy, Articles, Energy conversion, Renewable energy in the United States, PowerBuoy, Ocean Power Technologies, Renewable energy technology, Buoy, Subsea, Hybrid power, Hybrid

MONROE TOWNSHIP, N.J., June 26, 2020 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc.(OPT or the Company) (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy solutions, today announced the launch of its newest product, the hybrid PowerBuoy.

Key Points: 
  • MONROE TOWNSHIP, N.J., June 26, 2020 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc.(OPT or the Company) (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy solutions, today announced the launch of its newest product, the hybrid PowerBuoy.
  • Easily deployable and outfitted with multiple power sources the hybrid PowerBuoy power and communications platform is ready for use.
  • The hybrid PowerBuoy utilizes solar panels and a clean-burning Stirling backup engine to power topside or subsea payloads.
  • The hybrid PowerBuoy can be utilized across many industries and applications, including emergency and short-term power and communications support for maintenance, testing and repair services.