$OPTT news is promising. I have an opinion that paragon tries to slow us down from time to time, maybe even short it. The volume this time though is sweet!

This isn't even close to being oversold yet. Shorts have already made a small fortune. There's no support until $24 and then $22. I wish you the best.

Shorts are enjoying this one as they know the track record of this useless example of a human being imo. The stock isn't worth what it's currently trading for. Remember this, You can't polish a turd.

$POLA has an up gap that could fill up to about .73 with nothing in the way.

$OPTTs orders along with their other activities with the U.S. Navy and NOAA are moving them closer and closer to profitability.

Mine went off at .265. Back on watch again.

$OPTT could run up a dime which is deserving imo.

$PIRS no resistance up to .27 imo and a large gap above that.

The 3 stooges, otcbb, arca and h are doing everything they can to hold this down. They might be in for a surprise.

$OPTT and Sulmara,
Sulmara continues to invest in the future of USV solutions



Fast-growing Scottish subsea services specialist Sulmara has set its sights on further success after investing $1.6 million in equipment which will allow it to limit the environmental impact of offshore operations.

Glasgow-headquartered Sulmara has placed the order with Ocean Power Technologies, Inc. for several of its Wave Adaptive Modular Vessels (WAM-V), a dual-hull Uncrewed Surface Vessel (USV) which specialises in near-shore data collection.

New Jersey firm OPT said it was the largest single order it had ever received. And Andy Doggett, Chief Technology Officer at Sulmara, said the investment was a sign of things to come from the company.

He said: “Sulmara has built an extensive track record of project delivery with USV systems in Asia Pacific, Europe and the US, where we have demonstrated the ability of uncrewed systems to produce quality data in the harshest of environments with a minimal cost to the environment.

“Given it has unique characteristics including being light-weight and modular, possessing a very shallow draft and wave adaptive stability, as well as being fully electric, the WAM-V systems can carry out operations in areas where other vessels struggle and with a massively reduced carbon footprint.

"We have worked closely with the design and engineering team at OPT to adapt the WAM-V design to include additional features such as the towing of subsea sensors to widen the system’s capability to meet the needs of our clients from both a data delivery and carbon cost perspective.”

$OPTT 8K filed.
https://investors.oceanpowertechnologies.com/node/15236/html
The 2023 Annual Meeting of Stockholders (the “2023 Annual Meeting”) of Ocean Power Technologies, Inc. (the “Company”), first called to order virtually on January 31, 2024 and adjourned due to the absence of a quorum without any business being conducted, was reconvened virtually on February 28, 2024 at which time, following the determination that a quorum was present, the business of the 2023 Annual Meeting was conducted.

$OPTT, more news on the 28th,
Ocean Power Technologies secure key deal for WAM-V Unmanned surface vehicles

Wed, February 28, 2024 at 5:30 AM EST
In this article:

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Vancouver, Canada --News Direct-- Ocean Power Technologies Inc

Ocean Power Technologies CEO Philipp Stratmann joined Steve Darling from Proactive to share exciting news about the company's success. Ocean Power Technologies has received multiple orders for fully integrated WAM-V Unmanned Surface Vehicles , totaling over $1.25 million.

This significant achievement underscores the growing demand for OPT's advanced marine technologies and their applications in various fields such as maritime surveillance, environmental monitoring, and ocean data collection.

The WAM-V USV represents the cutting edge of maritime innovation, offering superior performance in diverse ocean conditions. Its versatility and reliability make it an ideal choice for a wide range of marine applications, from data collection to security surveillance and environmental monitoring.

Stratmann highlighted that the recent commercial orders have come from clients in Latin America, demonstrating the broad capabilities and applications of the WAM-V USVs. OPT's commitment to delivering customizable and scalable solutions has positioned the company as a preferred partner in the industry.

Overall, this success reflects Ocean Power Technologies' dedication to providing innovative solutions that meet the evolving needs of the marine industry, and it marks an exciting milestone in the company's journey towards continued growth and impact in the field of marine technology.
Contact Details

Proactive North America

Proactive North America

+1 604-688-8158

NA-editorial@proactiveinvestors.com

View source version on newsdirect.com: https://newsdirect.com/news/ocean-power-technologies-secure-key-deal-for-wam-v-unmanned-surface-vehicles-883493588

Hello darlin, yep here off and on. Traveling some, hunting, fishing coaching a soccer team.

$AVGR that works.

$OPTT, significant news for sure. Folks may want to do a little research on today's news.

Yup, I may buy a few.

$OPTT Published Wed, Jan 10 20245:30 PM EST
A network of sensors is helping U.S.-led forces detect threats in the Red Sea
Key Points

Launched in 2021, Task Force 59 is the U.S. Navy’s first unmanned and artificial intelligence-driven task force.
The sensor network is helping protect the passage of commercial ships through the Red Sea.

Iranian-backed Houthi militants on Tuesday launched a widespread attack on merchant ships in the Red Sea. It marked the 26th such attack since Nov. 19. About 50 vessels were in the vicinity.

But there were no reports of injuries or ship damage.

In addition to the U.S.-led Operation Prosperity Guardian coalition warships and information-sharing teams, Task Force 59, a network of sensors, is helping protect the passage of commercial ships through the Red Sea.

Launched in 2021, it is the U.S. Navy’s first unmanned and artificial intelligence-driven task force. It uses a combination of unmanned systems and AI designed to create a digital horizon to detect any anomalies on the water and the ocean floor.

Over the past two years, the task force has completed more than 30 exercises and 50,000 operating hours at sea with international players.

Defense officials told CNBC that since the beginning of Operation Prosperity Guardian on Dec. 18, U.S. and coalition forces have shot down more than 100 attack drones and missiles, while sinking at least three small boats — this includes Tuesday’s Red Sea engagement. Carriers have continued to shift vessels outside of the crucial trade route, although the U.S. aims to help the global supply chain get back to normal.

Task Force 59's operating platforms are equipped with sensors, radars and cameras for many uses, including navigation, data collection, intelligence, surveillance and reconnaissance. The tech allows U.S. forces and partners to counter and deter that threat with disposable, inexpensive weaponry at scale.

Ocean Power Technologies

takes part in the task force. The company’s buoys and data flows enhance the Navy’s ability to persistently monitor the surrounding seas and enable leaders to be more predictive and precise in deploying coalition crewed assets.

The task force loops in technology and concepts from across the industry, aiding the Navy with detecting issues both below and above the surface.

“The inexpensive Houthi unmanned vessels and mines are tactical weapons that have a strategic effect on the global economy and the movement of trade in a vital choke point,” said retired Rear Adm. Joseph DiGuardo, who is now OPT’s senior director of U.S. government strategy and development.

“This is a low-cost investment for the Houthis and it is having an outsized return in impacting the global economy,” he added.

Iran, a key antagonist to U.S. interests in the Middle East, has backed the Houthis, but its warships have not been involved.

“Iran in their adventurism is encouraging this conflict,” said DiGuardo. “Every sea-going nation should be concerned about the global economic impact. Every consumer will see an increase in cost because of the disruption of the supply chain.”

Defense officials told CNBC that Task Force 59's support isn’t all that expensive.

“We had two drones at sea for 220 straight days in the Red Sea last year and the cost for those two days was the same we paid in gas along for operating a Navy Guided Missile Destroyer,” an official said.

$OPTT, nice early volume.

$AVGR, 1.37 mil O/S.

$DRMA rolling in A/Hs.

$OPTT, imo finally trying to turn the corner, getting contracts and gaining momo while being chased by a company trying to take over control. I personally voted all my shares to OPTT.

Doin a drive-by checkin this out my friend.

$OPTT +21.82% today,

I like the news in A/Hs today. I don't recall seeing this one below hitting IHUB on 25 Oct though. Saw it on market wire news tonight. This type of news will imo turn out to be a huge part of the business for them.

Ocean Power Technologies Awarded Contract with WildAid and Caribbean Law Enforcement to Combat Illegal Fishing with Uncrewed Technologies
Oct 25, 2023 at 8:15 AM EDT
| PDF Version

MONROE TOWNSHIP, N.J., Oct. 25, 2023 (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 they have entered a contract with WildAid and Caribbean Law Enforcement partners. This collaboration aims to protect vital marine species and combat illegal, unreported, and unregulated (IUU) fishing activities in critical habitats using OPT's state-of-the-art uncrewed technologies.

Under this new agreement, OPT will provide WildAid and their Caribbean Law Enforcement partners with an OPT WAM-V 16 Uncrewed Surface Vessel (USV) equipped with an integrated quadcopter aerial drone. This cutting-edge technology will empower law enforcement agencies and conservation organizations to safeguard marine life from illegal harvesting while ensuring the sustainability of these critical ecosystems.

WildAid, an organization dedicated to inspiring change and empowering the world to protect wildlife and essential habitats from critical threats, including illegal fishing, wildlife trafficking, and climate change, will play a pivotal role in this partnership. WildAid's work spans the globe, with innovative communications campaigns reaching millions of people in China, Southeast Asia, Africa, and the U.S., encouraging them to take action to protect endangered wildlife and reduce climate impacts.

The collaboration between OPT, WildAid, and Caribbean Law Enforcement will harness the power of uncrewed surface and air assets to identify, track, and collect data from individuals seeking to disrupt the pattern of life and threaten the environment through their illicit activities. These technologies will provide unprecedented, networked surveillance capabilities and evidence collection, allowing authorities to gather critical information and support legal actions while keeping personnel safely out of harm's way until the precise time and conditions favor interdiction efforts.

This partnership represents a significant step forward in the fight against illegal fishing and the protection of marine life in vital habitats. OPT's uncrewed technologies, coupled with the expertise of WildAid and Caribbean Law Enforcement, will contribute to the preservation of marine ecosystems and the prevention of IUU fishing activities, which pose a significant threat to the environment.

"Ocean Power Technologies is honored to work with WildAid and Caribbean Law Enforcement on this vital initiative," said OPT CEO and President, Philipp Stratmann. "Our uncrewed technologies are a game-changer in the fight against illegal fishing. This is a natural extension of our work in the defense and offshore energy markets, and we are proud to contribute to this crucial effort to protect marine species and their habitats. We believe these kinds of autonomous deployments will also be of great interest for applications such as border protection and homeland security."

Through this collaboration, Ocean Power Technologies, WildAid, and Caribbean Law Enforcement are determined to make a substantial difference in preserving marine life and critical habitats, setting an example for innovative conservation efforts worldwide.

For more information about Ocean Power Technologies, please visit: www.oceanpowertechnologies.com

For more information about WildAid, please visit: www.wildaid.org

About Ocean Power Technologies:

OPT, a leader in innovative and cost-effective, low carbon marine data, power, and consulting services, provides intelligent maritime solutions and services that enable safer, cleaner, and more productive ocean operations for the defense and security, oil and gas, science and research, and offshore wind markets. Our PowerBuoy® platforms provide clean and reliable electric power and real-time data communications for remote maritime and subsea applications. We also provide WAM-V® autonomous surface vessels (ASV) and marine robotics services through our wholly owned subsidiary Marine Advanced Robotics and strategic consulting services including simulation engineering, software engineering, concept design and motion analysis through our wholly owned subsidiary 3Dent. We are headquartered in Monroe Township, New Jersey, and have offices in Houston, Texas, and Richmond, California. To learn more, visit www.OceanPowerTechnologies.com.

About WildAid:

WildAid is an international nonprofit organization dedicated to ending illegal wildlife trade, fighting climate change, and protecting our oceans. By inspiring change and strengthening effective enforcement efforts, WildAid is making a global impact in the preservation of our planet's most critical ecosystems.

Forward-Looking Statements

This release may contain forward-looking statements that are within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified by certain words or phrases such as "may", "will", "aim", "will likely result", "believe", "expect", "will continue", "anticipate", "estimate", "intend", "plan", "contemplate", "seek to", "future", "objective", "goal", "project", "should", "will pursue" and similar expressions or variations of such expressions. These forward-looking statements reflect the Company's current expectations about its future plans and performance. These forward-looking statements rely on a number of assumptions and estimates that could be inaccurate and subject to risks and uncertainties. Actual results could vary materially from those anticipated or expressed in any forward-looking statement made by the Company. Please refer to the Company's most recent Forms 10-Q and 10-K and subsequent filings with the U.S. Securities and Exchange Commission for further discussion of these risks and uncertainties. The Company disclaims any obligation or intent to update the forward-looking statements in order to reflect events or circumstances after the date of this release.

Gap filled from this mornings opening and may be consolidating now.

Little early but that certainly could be a part of it.

$OPTT oversold territory again.

$DRMA low floater 2.9 mil, heavily oversold, might have to start buying a few of this one.

$OPTT poking it's nose into oversold territory.

$BSFC over 10 times it's avg 10 day volume today.

$OPTT sweet multi year NOAA contract news in A/Hs trading. Great volume to accompany it too. Additionally they'll be presenting at the H.C. Wainwright & Co. 25th Annual Global Investment Conference on the 12th. These contracts announced today with NOAA should spark much interest among several others.Might just be time to kick the tires and light the fires! Could be time to congratulate those who waited patiently. Best to all!

$CLVR with a 39 mil float break .24 it can run. Watching for some volume.

$OPTTs news yesterday I'm guessing is just what the Navy along with others is just what they are looking for.

$OPTT in oversold territory now and a golden cross on the daily.

$BSFC watch this one with a 1.9 mil float.

Golden cross on the daily in the works.

$AVGR starting to roll.

$PIRS nice 70% pop!

$OPTT just broke it's avg 10 day volume again.

$OPTT just broke it's avg 10 day volume in the first 40 mins of trading.