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Re: jonsmile post# 2143

Thursday, 09/24/2020 9:55:56 PM

Thursday, September 24, 2020 9:55:56 PM

Post# of 3170
$OPTT kept rollin into the a/hs close so I thought maybe someone has seen something regarding the PR below.
This could have easily been forgotten by lots of folks.

Groundbreaking Carbon-Free Autonomous Subsea Vehicle Residency Solution Advances
Ocean Power Technologies, Modus Seabed Intervention & Saab Seaeye Project Seeks U.S. Government Funding

MONROE TOWNSHIP, N.J., March 10, 2020 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy solutions, today announced that it is working on a groundbreaking solution for carbon-free subsea autonomous underwater vehicle (AUV) residency – long-term, persistent deployment without support from manned vessels – with joint development partners Modus Seabed Intervention and Saab Seaeye.
Ocean Power Technologies’ PB3 PowerBuoy® wave energy converter is pictured with innovative single point mooring integrating power and data transmission connected to a subsea battery solution and autonomous underwater vehicle (AUV) charging station. Developed with Modus Seabed Intervention utilizing a Saab Seaeye Sabertooth AUV, the concept has been submitted for U.S. government development and demonstration project funding consideration.

16.5% of total annual spending happens in Sept before end of the fiscal year. It's a use it or lose it type thing.

The government spends 8.7% during the last week of Sept.

Spending is 4.9 times higher in the last week than compared with the weekly average for the rest of the year.

These stats are from 2018 but imo hasn't changed by much.

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