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Tuesday, 06/26/2018 6:57:29 PM

Tuesday, June 26, 2018 6:57:29 PM

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https://seekingalpha.com/news/3366343-ocean-power-tech-gets-wave-power-patent-low-moderate-seas#email_link

Ocean Power Technologies (OPTT +1%) rises as much as 9% before fading, as it announces the receipt of a new U.S. patent for its method of controlling wave-power generation equipment to optimize energy harvesting in low to moderate seas.

OPTT says the new patent allows its PowerBuoy product to be deployed into areas with lower wave activity and to achieve the design target of two weeks of continuous power generation with no waves.

OPTT says it now has 50 active U.S. patents with three additional U.S. patent applications pending.
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