VA-52 (U.S. Navy)

Oscilla Power Completes Preliminary Steps for Launch of Triton-C Wave Energy Converter at Wave Energy Test Site

Retrieved on: 
Tuesday, August 29, 2023
Wind, WETS, Weather, WEC, Honolulu Harbor, West Coast of the United States, VA-52 (U.S. Navy), Environment, Renewable energy, Triton

“It was an incredibly rewarding experience to get the Triton-C out to its final deployment location and see just how it operates, if only for a few hours,” said Tim Mundon, Chief Technology Officer of Oscilla Power. “We now know what to expect from both setup and operations as we plan for the next phase of the launch -- a more expansive testing of the energy capture and power generation components of the Triton. I am proud of the entire team and our partners who have gotten us to this critical juncture.”

Key Points: 
  • SEATTLE , Aug. 29, 2023 (GLOBE NEWSWIRE) -- In preparation for launching its Triton-C wave energy converter (WEC), Oscilla Power has completed two key preliminary steps: relocating the Triton-C and performing setup and staging activities at the launch site at the Wave Energy Test Site (WETS) in Hawaii.
  • These steps are necessary precursors to a full, commercial-scale demonstration once work on the WETS site is completed by the U.S. Navy.
  • Oscilla Power’s Triton™ wave energy converter (WEC) will make ocean wave energy a cost-effective resource that can complement solar and wind in many locations worldwide including the US West Coast.
  • The WETS site is a pre-permitted location and includes all required infrastructure, such as the subsea grid connection and moorings.

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

Retrieved on: 
Monday, March 13, 2023
Conference, VA-52 (U.S. Navy), CFO, OPT, NYSE, Telephone, DOE, Cyclone, Balance sheet, Data, Controller, Ocean Power Technologies, U.S. Department of Defense Strategy for Operating in Cyberspace, U.S. Department of Energy, Office of Inspector General, WAM-V, Investment, Astronomical survey, United Nations Ocean Conference, Area studies, Growth, Unmanned surface vehicle, MAR, USV, International Maritime Security Construct, SBIR, NOAA, Reinsurance, Video game, Internet service provider

MONROE TOWNSHIP, N.J., March 13, 2023 (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, 2023 (“Q323”), including year-to-date revenue growth of over 74.7% and total order growth of 111%.

Key Points: 
  • MONROE TOWNSHIP, N.J., March 13, 2023 (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, 2023 (“Q323”), including year-to-date revenue growth of over 74.7% and total order growth of 111%.
  • Highlights from the third quarter and recent activity include:
    Total orders for the Q323 were $0.8 million, as compared to $0.7 million for the third quarter ended January 31, 2022 (“Q322”).
  • As announced on February 12, 2023, a conference call to discuss OPT’s financial results will be held tomorrow morning, Tuesday, March 14, 2023, at 9:00 a.m. Eastern Time.
  • Call Replay: Will be available by telephone approximately two hours after the call's completion until June 14, 2023.

Drone Technology Usages Are Expanding as a Rapid Pace for Military Applications & Purposes

Retrieved on: 
Tuesday, February 28, 2023
Lockheed, AeroVironment, Teledyne Technologies, Security (finance), Unmanned aerial vehicle, Mach 5, United, U.S. Department of Defense Strategy for Operating in Cyberspace, Prompt Global Strike, NOT, VA-52 (U.S. Navy), NEVER, Safety, FSE, Organization, Research, ANY, Grain boundary strengthening, SUAV, CBRN, Sky, NEWS, Annual report, MALE, Aircraft, HALE, NYSE, CPS, TDY, UCAV, Form 10-K, FNM, News, CSE, LMT, UAS, PALM, Government, Communication, Ship, Lockheed Martin, Audit, Management, Arms industry, Honeywell

PALM BEACH, Fla., Feb. 28, 2023 /PRNewswire/ -- Drones have become ubiquitous around the world and in a multitude for markets. Consumer, government and especially in the military market. Military drone refers to unmanned aerial vehicles that are specifically used for military purposes such as border surveillance, battle damage management, combat operations, communication, delivery, and anti-terrorism weaponry. The main types of military drones are fixed-wing, rotary-wing, and hybrid. A fixed-wing drone is a plane that doesn't have a human pilot on board. Fixed-wing UAVs can be commanded remotely by a human or autonomously by onboard systems. The different types of drones include MALE, HALE, TUAV, UCAV, SUAV and involve various technologies such as remotely operated, semi-autonomous, autonomous. It is used in search and rescue, national defense, military exercises, and others. A recent report from The Business Research Company projected that the global military drones market size will grow from $14.54 billion in 2022 to $15.88 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. They added that the global military drones market size is expected to grow to $20.64 billion in 2027 at a CAGR of 6.8%. Active companies in the markets this week include: Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO), Teledyne Technologies Incorporated (NYSE: TDY), AeroVironment, Inc. (NASDAQ: AVAV), Honeywell (NASDAQ: HON), Lockheed Martin (NYSE: LMT).

Key Points: 
  • Military drone refers to unmanned aerial vehicles that are specifically used for military purposes such as border surveillance, battle damage management, combat operations, communication, delivery, and anti-terrorism weaponry.
  • The report said: "Drone swarm technology is growing in popularity in the military drone market due to its cost efficiency and high firepower.
  • Drone swarm technology involves the production of several small, cheap drones rather than one large, expensive drone, therefore offering military drone manufacturers and end-users efficiency in terms of cost and time.
  • "Drone technology is revolutionizing the way military and civilian organizations gather information about their operating environment," Cameron Chell, CEO of Draganfly.

Drone Technology Usages Are Expanding as a Rapid Pace for Military Applications & Purposes

Retrieved on: 
Tuesday, February 28, 2023
Lockheed, AeroVironment, Teledyne Technologies, Security (finance), Unmanned aerial vehicle, Mach 5, United, U.S. Department of Defense Strategy for Operating in Cyberspace, Prompt Global Strike, NOT, VA-52 (U.S. Navy), NEVER, Safety, FSE, Organization, Research, ANY, Grain boundary strengthening, SUAV, CBRN, Sky, NEWS, Annual report, MALE, Aircraft, HALE, NYSE, CPS, TDY, UCAV, Form 10-K, FNM, News, CSE, LMT, UAS, PALM, Government, Communication, Ship, Lockheed Martin, Audit, Management, Arms industry, Honeywell

PALM BEACH, Fla., Feb. 28, 2023 /PRNewswire/ -- Drones have become ubiquitous around the world and in a multitude for markets. Consumer, government and especially in the military market. Military drone refers to unmanned aerial vehicles that are specifically used for military purposes such as border surveillance, battle damage management, combat operations, communication, delivery, and anti-terrorism weaponry. The main types of military drones are fixed-wing, rotary-wing, and hybrid. A fixed-wing drone is a plane that doesn't have a human pilot on board. Fixed-wing UAVs can be commanded remotely by a human or autonomously by onboard systems. The different types of drones include MALE, HALE, TUAV, UCAV, SUAV and involve various technologies such as remotely operated, semi-autonomous, autonomous. It is used in search and rescue, national defense, military exercises, and others. A recent report from The Business Research Company projected that the global military drones market size will grow from $14.54 billion in 2022 to $15.88 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. They added that the global military drones market size is expected to grow to $20.64 billion in 2027 at a CAGR of 6.8%. Active companies in the markets this week include: Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO), Teledyne Technologies Incorporated (NYSE: TDY), AeroVironment, Inc. (NASDAQ: AVAV), Honeywell (NASDAQ: HON), Lockheed Martin (NYSE: LMT).

Key Points: 
  • Military drone refers to unmanned aerial vehicles that are specifically used for military purposes such as border surveillance, battle damage management, combat operations, communication, delivery, and anti-terrorism weaponry.
  • The report said: "Drone swarm technology is growing in popularity in the military drone market due to its cost efficiency and high firepower.
  • Drone swarm technology involves the production of several small, cheap drones rather than one large, expensive drone, therefore offering military drone manufacturers and end-users efficiency in terms of cost and time.
  • "Drone technology is revolutionizing the way military and civilian organizations gather information about their operating environment," Cameron Chell, CEO of Draganfly.

NASA Sets Coverage of Orion's Historic Moon Mission Return, Splashdown

Retrieved on: 
Friday, December 2, 2022
Johnson Space Center, Artemis, Orion, Pacific Ocean, Environment, Television, Kennedy Space Center, NASA Headquarters, Astronaut, Science, STEM, VA-52 (U.S. Navy), NASA TV, Space Launch System, PST, Education, Artemis 2, EST, NASA, News, Multimedia, Engineering, Burn, Mission control center, San Diego Air & Space Museum, Exploration Systems Architecture Study, Student, Spacecraft, Communications satellite, Paraffin wax, Mars, Moon

NASA will provide live coverage on NASA Television, the agency's website , and the NASA app .

Key Points: 
  • NASA will provide live coverage on NASA Television, the agency's website , and the NASA app .
  • Return lunar flyby coverage will begin at 9 a.m. EST Monday, Dec. 5.
  • Live coverage as Mission Control, Houston, monitors the spacecraft's entry, descent, and splashdown off the coast of San Diego will begin at 11 a.m. Sunday, Dec. 11.
  • https://sandiegoairandspace.org/ Following the lunar flyby Dec. 5, NASA will host a 5 p.m. news conference at Johnson.

Austal USA awarded $3.3 billion multi-ship contract for U.S. Coast Guard Offshore Patrol Cutter (OPC)

Retrieved on: 
Friday, July 1, 2022
Acquisition, Ageing, U.S. Coast Guard environmental protection, Aluminium, Austal, GLOBE, Coast guard, Total survey error, Law enforcement, Coast, Commerce, United States Coast Guard Yard, VA-52 (U.S. Navy), AFDM, USCG, Arctic, OPC, Program, Austal USA, Mining, Shipbuilding

Mobile, Ala., June 30, 2022 (GLOBE NEWSWIRE) -- Austal USA was awarded a contract with a potential value of $3.3 billion for the detail design and construction of up to 11 Offshore Patrol Cutters (OPC) for the United States Coast Guard (USCG).

Key Points: 
  • Mobile, Ala., June 30, 2022 (GLOBE NEWSWIRE) -- Austal USA was awarded a contract with a potential value of $3.3 billion for the detail design and construction of up to 11 Offshore Patrol Cutters (OPC) for the United States Coast Guard (USCG).
  • The Austal USA team is excited to support the U.S. Coast Guard using our new steel panel line to manufacture and deliver ships highly capable of performing their critical homeland security and defense missions, Austal USA President Rusty Murdaugh said.
  • Through continual capital investments, Austal USA has expanded its capability and capacity to enable concurrent production of aluminum and steel-hulled ships.
  • This unique production capability positions Austal USA to meet the growing demands of the U.S. Navy and USCG.