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$OPTT, another follow on $1,000,000 contract with Naval Information Warfare Center Pacific’s Project Overmatch’ Mission
$OPTT has so many irons in the fire it wouldn't surprise me to see someone try and buy them out. Jmo.
Not in currently. Looks to be still searching for it's bottom.
$DRMA, correction, massive volume.
$DRMA, great volume again today.
$DRMA heavy volume.
$AVGR aw, there she went.
$AVGR low floater poking it's nose into oversold territory.
$PIRS low O/S merger. Held on to a few of these just for giggles.
Try this again. 7 days to fins and conf call the following morning.
$DRMA 562,000 O/S and traded over a mil today..
Sounds right CD
Guess we'll know their position in 4.5 days when fins come out. Looking forward to it.
$OPTT 6.5 days to fins. Should be interesting.
$OPTT Sweet news with Signs OEM Agreement with Key Maritime Technology Provider Teledyne Marine
$OPTT 12.5 days to financials.
$OPTT, impressive volume Friday. They just finished a presentation 21-23 May also.
No clue my friend. I'm watching this again though and may start to buy back in.
That Pink sheet company made an attempt at a hostile takeover of OPT by Proxy fight not long ago. Now they want to be pals and give them $3,000,000. Not thinking OPT folks want much to do with them.
Might not have to wait long.
$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:
OPTT
+1.73%
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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.