Associated tags: Robotics, ASVS, Science, Research, PowerBuoy, Wind, OPT, Ocean Power Technologies, NYSE, Telephone
Locations: CHINA, AFRICA, MONROE TWP., NJ, US, BELGIUM
Retrieved on:
Wednesday, April 17, 2024
The NATO Digital Ocean Industry Symposium is a landmark initiative aimed at enhancing Maritime Situational Awareness (MSA) from Seabed to Space.
Key Points:
- The NATO Digital Ocean Industry Symposium is a landmark initiative aimed at enhancing Maritime Situational Awareness (MSA) from Seabed to Space.
- The symposium will focus on the exploitation of Emerging and Disruptive Technologies, bringing together key NATO stakeholders and industry leaders to forge a unified vision and operational strategy.
- Ocean Power Technologies is dedicated to pioneering the future of ocean energy and its applications across global markets, including defense, oil and gas, and ocean observing.
- Our participation in the NATO Digital Ocean Industry Symposium underscores our commitment to supporting global maritime security efforts through technological innovation.
This alliance is set to advance maritime domain awareness through OPT's innovative Maritime Domain Awareness Solution (MDAS).
Key Points:
- This alliance is set to advance maritime domain awareness through OPT's innovative Maritime Domain Awareness Solution (MDAS).
- Under the terms of the agreement, the defense contractor will have exclusive rights to provide OPT's MDAS solution within certain international geographic regions.
- Mr. Philipp Stratmann, CEO and President of Ocean Power Technologies, expressed enthusiasm about the alliance, stating, "We are thrilled to join forces with a major international defense contractor to provide our Merrows suite of solutions to certain international regions.
- For more information about Ocean Power Technologies and its Maritime Domain Awareness Solution, visit www.OceanPowerTechnologies.com .
OPT,
Night vision,
Intelligence,
Software,
RCAT,
Atmosphere,
Power supply unit (computer),
UPS,
Ocean Power Technologies,
Pentagon,
Government,
ASV,
Risk management This collaboration signifies a material step forward in enhancing maritime domain awareness capabilities for air, sea, and subsea defense and security missions.
Key Points:
- This collaboration signifies a material step forward in enhancing maritime domain awareness capabilities for air, sea, and subsea defense and security missions.
- Through this relationship, OPT's PowerBuoy® and WAM-V® platforms will be integrated with Red Cat’s Teal 2 Drones, facilitating a new era of autonomous vehicle deployment.
- This integration aims to provide real-time, actionable intelligence to counter maritime threats, thereby revolutionizing situational awareness and operational safety for reconnaissance and defense forces.
- Matt Burdyny, Chief Commercial Officer of Ocean Power Technologies, highlighted the importance of this alliance, stating, "Our collaboration with Red Cat aligns perfectly with our mission to advance maritime autonomy for defense and security missions among other applications.
Control,
Machine learning,
Cyber,
OPT,
MDA,
Data analysis,
Maritime domain awareness,
Communication,
Computer,
PB,
Data collection,
Command,
Collection,
Ocean Power Technologies,
Artificial intelligence Merrows will be OPT’s groundbreaking consolidated solution offering comprehensive ocean surveillance.
Key Points:
- Merrows will be OPT’s groundbreaking consolidated solution offering comprehensive ocean surveillance.
- Maritime Domain Awareness represents a complex challenge that encompasses the collection and transmission of data relating to all aspects of, on, under, adjacent to, or bordering on a sea, ocean, or other navigable waterway.
- Ocean security is national security, and through Merrows, OPT is dedicated to providing the technologies and insights necessary to secure our maritime domains.
- For more information about Ocean Power Technologies, visit www.OceanPowerTechnologies.com .
A valued customer engaged in the offshore energy service industry in Latin America has placed purchase orders for multiple WAM-V USV's, representing a substantial investment totaling over $1.5 million and highlighting OPT’s continued expansion in the region.
Key Points:
- A valued customer engaged in the offshore energy service industry in Latin America has placed purchase orders for multiple WAM-V USV's, representing a substantial investment totaling over $1.5 million and highlighting OPT’s continued expansion in the region.
- Commenting on this significant achievement, Philipp Stratmann, President, and CEO of Ocean Power Technologies, expressed his enthusiasm, stating, "We are thrilled to see the growing interest and confidence in our technologies, particularly from our strategic partners in Latin America.
- The company's dedication to excellence and customer satisfaction continues to drive its success, enabling it to forge strategic partnerships and expand its global footprint.
- For more information about Ocean Power Technologies and their innovative solutions, please visit our website: Ocean Power Technologies
Retrieved on:
Wednesday, March 13, 2024
Transfer,
Government,
Conference,
Letter,
Net,
Growth,
OPT,
CFO,
Intelligence,
Shareholder,
Telephone,
MDAS,
Research,
NOL,
Controller,
Carbon,
Build automation,
Ocean Power Technologies,
Investment,
AT&T,
Primary energy,
Court,
Engineering MONROE TOWNSHIP, N.J., March 13, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), today announced financial results for its fiscal third quarter ended January 31, 2024 (“Q324”), including year over year revenue, gross profit, and pipeline growth.
Key Points:
- MONROE TOWNSHIP, N.J., March 13, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), today announced financial results for its fiscal third quarter ended January 31, 2024 (“Q324”), including year over year revenue, gross profit, and pipeline growth.
- The gross margin rate was 49.7% and 21.1%, for the nine months ended January 31, 2024, and 2023, respectively.
- In February 2024, the Company received multiple orders for fully integrated WAM-V Unmanned Surface Vehicles (USVs) totaling over $1.25 million.
- Operating expenses were $8.6 million in Q324, materially in-line with the second quarter of fiscal 2024 from and up from $6.8 million in Q323.
Retrieved on:
Wednesday, February 21, 2024
MONROE TOWNSHIP, N.J., Feb. 21, 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 report its fiscal 2024 third quarter for the period ended January 31, 2024, results after the market closes on Wednesday March 13, 2024.
Key Points:
- MONROE TOWNSHIP, N.J., Feb. 21, 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 report its fiscal 2024 third quarter for the period ended January 31, 2024, results after the market closes on Wednesday March 13, 2024.
- A conference call to discuss OPT’s financial results will be Thursday March 14, 2024, 9:00am EDT.
- You may access the replay by dialing 877-660-6853 from the U.S. or 201-612-7415 for international callers and using the Conference ID 13742581.
- In an effort to increase relations with institutional investors, OPT management has dedicated time to hosting individual meetings with portfolio managers and analysts.
Retrieved on:
Wednesday, February 21, 2024
MONROE TOWNSHIP, N.J., Feb. 21, 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 report its fiscal 2024 third quarter for the period ended January 31, 2024, results after the market closes on Wednesday March 13, 2024.
Key Points:
- MONROE TOWNSHIP, N.J., Feb. 21, 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 report its fiscal 2024 third quarter for the period ended January 31, 2024, results after the market closes on Wednesday March 13, 2024.
- A conference call to discuss OPT’s financial results will be Thursday March 14, 2024, 9:00am EDT.
- You may access the replay by dialing 877-660-6853 from the U.S. or 201-612-7415 for international callers and using the Conference ID 13742581.
- In an effort to increase relations with institutional investors, OPT management has dedicated time to hosting individual meetings with portfolio managers and analysts.
Retrieved on:
Wednesday, February 14, 2024
This deployment marks a significant milestone in maritime technology, showcasing the potential of standalone at-sea infrastructure nodes to support the Joint Force's diverse operational needs.
Key Points:
- This deployment marks a significant milestone in maritime technology, showcasing the potential of standalone at-sea infrastructure nodes to support the Joint Force's diverse operational needs.
- Furthermore, this deployment signifies the first installation of AT&T cellular technology on one of OPT's commercially proven ocean buoys.
- Philipp Stratmann, CEO of Ocean Power Technologies, commented on this significant collaboration: "We are excited to see our PowerBuoy® technology being used in such a groundbreaking way.
- For more information about Ocean Power Technologies and their innovative solutions, please visit our website: Ocean Power Technologies
Retrieved on:
Monday, February 12, 2024
MONROE TOWNSHIP, N.J., Feb. 12, 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 received multiple orders for fully integrated WAM-V Unmanned Surface Vehicles (USVs) totaling over $1.25 million.
Key Points:
- MONROE TOWNSHIP, N.J., Feb. 12, 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 received multiple orders for fully integrated WAM-V Unmanned Surface Vehicles (USVs) totaling over $1.25 million.
- These orders underscore the growing demand for OPT's advanced marine technologies and their applications in maritime surveillance, environmental monitoring, and ocean data collection.
- The WAM-V USV is at the forefront of maritime innovation, designed for superior performance in various ocean conditions.
- For more information about Ocean Power Technologies and their innovative solutions, please visit our website: Ocean Power Technologies
