Followers | 1870 |
Posts | 90258 |
Boards Moderated | 1 |
Alias Born | 09/02/2006 |
Thursday, April 13, 2023 1:25:50 PM
Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine data, power, and consulting service solutions, today announced that the U.S. Department of Energy (DOE) selected the Company for the Phase II development of a next-generation wave energy converter.
"Following our successful completion of the Phase I DOE Award in April 2022, this continued investment by the U.S. government towards novel, innovative, and clean ocean energy technology is critical to achieving our nation’s blue economy goals," said Philipp Stratmann, President and Chief Executive Officer of OPT. “This award from the DOE will be used to expand our Power-as-a-Service and Data-as-a-Service solutions, which will help us to expedite the development of our next generation of wave energy conversion technologies.”
In the DOE’s recently published awards for clean energy Small Business Innovation Research (SBIR) projects, OPT will receive up to $1,097,212 over the next 18-24 months to develop and test a modular and scalable Mass-on-Spring Wave Energy Converter (MOSWEC) PowerBuoy® for reliable powering of autonomous ocean monitoring systems, bringing an entirely new PowerBuoy® into our offering.
OPT holds multiple patents related to MOSWEC technology, which generates power from the relative motion caused by the ocean waves. OPT’s MOSWEC design has a hermetically sealed hull to protect internal components, is about the size of a standard shipping container, and is easily transportable and deployable. In addition, the design is scalable to support a wide range of applications and missions, including Maritime Domain Awareness, autonomous vehicle charging, and subsea power.
Recent OPTT News
- Form 8-K - Current report • Edgar (US Regulatory) • 05/14/2024 09:21:51 PM
- Ocean Power Technologies Successfully Demonstrates Counter Unmanned Underwater Vehicle Capability • GlobeNewswire Inc. • 05/14/2024 12:39:31 PM
- Ocean Power Technologies Announces Renewable Energy Production Milestone • GlobeNewswire Inc. • 05/13/2024 12:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/06/2024 08:05:36 PM
- Ocean Power Technologies Successfully Demonstrates Advanced AI Solutions in the North Atlantic • GlobeNewswire Inc. • 05/06/2024 12:15:00 PM
- Ocean Power Technologies Awarded Multi-Year NOAA ProTech Oceans IDIQ Contract • GlobeNewswire Inc. • 04/30/2024 12:15:00 PM
- Ocean Power Technologies Announces Participation in NATO Digital Ocean Industry Symposium • GlobeNewswire Inc. • 04/17/2024 12:15:00 PM
- Ocean Power Technologies Announces Teaming Agreement with Major International Defense Contractor to Deploy Maritime Domain Awareness Solutions • GlobeNewswire Inc. • 04/16/2024 12:15:00 PM
- Red Cat Begins Integration of Teal 2 Drones with Ocean Power Technologies Maritime Surveillance Solution for Air, Sea, and Subsea Defense and Security Missions • GlobeNewswire Inc. • 04/09/2024 12:01:12 PM
- Ocean Power Technologies Announces Strategic Alliance with Red Cat for Advanced Maritime Defense Solutions • GlobeNewswire Inc. • 04/08/2024 12:15:00 PM
- Ocean Power Technologies Announces “Merrows”: A Consolidated Solution for Maritime Domain Awareness • GlobeNewswire Inc. • 04/02/2024 01:33:27 PM
- Ocean Power Technologies to Present at the AI & Technology Hybrid Investor Conference Presented by Water Tower Research on April 10 • GlobeNewswire Inc. • 04/01/2024 08:30:00 PM
- Ocean Power Technologies Secures $1.5 Million in Purchase Orders for WAM-V USV's in Latin America • GlobeNewswire Inc. • 03/26/2024 12:15:00 PM
- Ocean Power Technologies, Inc. Announces Third Quarter Fiscal 2024 Results • GlobeNewswire Inc. • 03/13/2024 08:15:00 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 03/07/2024 01:26:30 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/01/2024 02:07:30 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/22/2024 09:05:26 PM
- Ocean Power Technologies to Report fiscal 2024 Third Quarter Results on March 13, 2024 • GlobeNewswire Inc. • 02/21/2024 09:15:00 PM
- Ocean Power Technologies to Report fiscal 2024 Third Quarter Results on March 13, 2024 • GlobeNewswire Inc. • 02/21/2024 09:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/14/2024 09:30:35 PM
- Ocean Power Technologies Receives Funding for AT&T 5G-Enabled PowerBuoy® Deployment in Monterey Bay • GlobeNewswire Inc. • 02/14/2024 01:15:00 PM
- Ocean Power Technologies Secures Orders Exceeding $1.25 Million for Fully Integrated WAM-V Unmanned Surface Vehicles • GlobeNewswire Inc. • 02/12/2024 09:15:00 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 02/12/2024 09:05:33 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 02/08/2024 10:23:08 PM
- Ocean Power Technologies Announces Further Adjournment of 2023 Annual Meeting of Shareholders • Business Wire • 02/08/2024 10:10:00 PM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM
VPR Brands (VPRB) Reports First Quarter 2024 Financial Results • VPRB • May 17, 2024 8:04 AM