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Why Is Ocean Power (OPTT) Stock Up 80% Today?
Maritime solutions and services provider Ocean Power (NYSEMKT: OPTT ) – which does business as OPT – announced a partnership with Unique Group. Based in the United Arab Emirates (UAE), Unique is a global innovator in subsea technologies and engineering but delivers products and services for several industries.
Ocean Power Technologies shares soar on Unique Group partnership
Ocean Power Technologies Inc (NYSE-A:OPTT) announced it has partnered with Unique Group to deploy its WAM-V Unmanned Surface Vehicles (USVs) in the Middle East. Investors welcomed the news, sending shares of OPT about 60% higher to US$0.45 in early trade on Tuesday.
Ocean Power Technologies CEO discusses new US government contract, growth strategy - ICYMI
It's been a significant week for intelligent maritime solutions and services provider Ocean Power Technologies Inc (NYSE-A:OPTT). It announced the signing of an Original Equipment Manufacturer (OEM) agreement with Teledyne Marine, a division of maritime technology provider Teledyne Technologies, which is set to enhance its product offerings and drive innovation.
Why Is Ocean Power Technologies (OPTT) Stock Up 60% Today?
Proprietary power platform Ocean Power Technologies (NYSEMKT: OPTT ) — one of the few specialists in wave power or harnessing the natural oscillations of the ocean for conversion into usable power — saw its shares soar on Wednesday. A U.S. government contract effectively provided a much-needed credibility boost for OPTT stock, which previously struggled badly.
Ocean Power stock soars after WAM-V deal with the US government
Ocean Power Technologies Inc (NYSE: OPTT) witnessed a remarkable surge of 70% on Wednesday following its announcement of a preliminary deal. The company revealed its success in securing a sole source contract award for multiple WAM-Vs, which are set to be delivered to a department of the US Government.
Ocean Power Technologies unveils contract to deliver multiple WAM-Vs to US government department
Ocean Power Technologies Inc (NYSE-A:OPTT) announced it has reached an agreement in principle on a sole source contract award for multiple WAM-Vs for delivery to a US government department. Shares of OPT surged premarket on the announcement, adding more than 30% shortly before US markets opened on Wednesday.
Ocean Power Technologies named preferred supplier for Merrow buoy in the Middle East
Ocean Power Technologies Inc (NYSE-A:OPTT) announced it has been selected as preferred supplier for a PowerBuoy equipped with its AI-Maritime Domain Awareness Solutions Merrows for immediate delivery for an opportunity in the Middle East. The provider of intelligent maritime solutions and services said the contract, once finalized, will generate revenues in the current quarter.
Ocean Power Technologies expands services with new 24/7 global support offering
Ocean Power Technologies Inc (NYSE-A:OPTT) has announced the launch of its Global 24/7 Service Support which will offer its customers round-the-clock support. The provider of intelligent maritime solutions and services said the new offering will allow its customers to access 24/7 support to maintain their operations around the globe.
Ocean Power Technologies delivers first unmanned surface vehicles to Sulmara
Ocean Power Technologies Inc (NYSE-A:OPTT) announced it had delivered the first set of new unmanned surface vehicles (USVs) to Sulmara, as part of a previously announced $1.6 million contract. The delivery triggers the commencement of lease payments, OPT said in a statement.
Ocean Power Technologies wins contract for unmanned surface vehicle with offshore construction contractor
Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has been awarded a contract for the immediate delivery of a Wave Adaptive Modular Vessel (WAM-V) to an offshore construction contractor. The provider of intelligent maritime solutions and services said the vehicle will provide survey services for an offshore dredging project in Sub-Saharan Africa.
Ocean Power Technologies CEO talks unmanned surface vehicle demonstration milestone
Ocean Power Technologies Inc (NYSE-A:OPTT) recently completed a demonstration of several simultaneously deployed Wave Adaptive Modular Vehicles (WAM-Vs) for a department of the US Government. In addition to triggering immediate revenue, the demonstration showcased the capabilities of the company's technology to both current and future customers.
