ocean power News
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Ocean Power Technologies to Present at 2010 Rodman & Renshaw Annual Global Investment Conference
PENNINGTON, N.J. - Ocean Power Technologies, Inc. (Nasdaq: OPTT) (LSE: OPT) (“OPT” or “the Company”) announces today that Charles F. Dunleavy, Chief Executive Officer of OPT, will present at the 2010 Rodman & Renshaw Annual Global Investment Conference on Tuesday, September 14, 2010 at 3:15pm Eastern Time. The conference will take place at the New York Palace Hotel in ...
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Ocean Power Technologies Expands Commercial Team With Southern Europe-Based Representative
We’re excited to announce that Jorge Franco has joined OPT as Regional Sales Representative based in Spain. Reporting to OPT Vice President, Global Sales Jeff Wiener, Mr. Franco will concentrate on opportunities in Southern Europe. “Southern Europe offers opportunities for OPT’s offshore power and communications solutions, particularly in the oil and gas industry,” said ...
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Ocean Power Technologies to Present at the 24th Annual Roth Capital Conference in California on March 14, 2012
Ocean Power Technologies, Inc. (Nasdaq: OPTT) (“OPT” or “the Company”), a leading wave energy technology company, today announced that it will participate in the 24th Annual Roth Capital Conference on March 14, 2012 at the Ritz-Carlton in Laguna Niguel, CA. Brian M. Posner, Chief Financial Officer of OPT, is scheduled to give a presentation at ...
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DeepStar Awards Subsea Systems Engineering Contract to Ocean Power Technologies
OPT has received a DeepStar® project award to study the deployment and operational requirements of utilizing OPT’s PB3 PowerBuoy® to provide remotely controllable zero carbon power for deepwater subsea oil production applications. “Remote Zero Carbon Power for Electric Subsea Operations” is a techno-economic feasibility study funded by the DeepStar® CORE program and ...
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Mechanical fin power: oceanic power generation
Tim Finnigan, a professor of ocean engineering at the University of Sydney in Australia designed a radical oceanic energy collector inspired by the design of shark tails. Mimicking the successful evolutionary design of the fish species, he constructed a device that seizes the power of the sea. “I realized the systems that function the best are the ones that already exist there,” said Finnigan. ...
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Ocean Power Technologies Awarded $4.8 Million by US Department of Energy
PENNINGTON, N.J. - Ocean Power Technologies, Inc. (Nasdaq: OPTT and London Stock Exchange AIM: OPT) ("OPT" or the "Company") is pleased to announce that it has won two new funding awards totaling $4.8 million from the US Department of Energy (“DoE”). OPT plans to use the first award, for $2.4 million, in connection with the construction and deployment of one of its PB150 ...
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Ocean Power Technologies Wins £1.5 Million Award in UK To Spur Development of Higher Output PowerBuoy
PENNINGTON, N.J. - Ocean Power Technologies, Inc. (Nasdaq:OPTT)(AIM:OPT) (“OPT” or the “Company”) announces that its subsidiary, Ocean Power Technologies, Ltd, based in Warwick, England has been awardeda £1.5 million (approximately $2.3 million) grant from the South West of England Regional Development Agency (“SWRDA”) for the development of its next ...
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Colored Bituminous Concrete Pavement of Urban Roads Technical Specification in the industry standard which Ocean power company is involved in the preparation of was published
Recently, Shenzhen Ocean power science and technology of new materials limited in conjunction the Changan University and other relevant entities, prepared jointly the Ministry of housing and industry standard of Colored Bituminous Concrete Pavement of Urban Roads Technical Specification, act officially by People's Republic of China Department of housing and urban-rural construction in 2014, ...
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Ocean Power Technologies Expands Relationship with Mitsui Engineering & Shipbuilding
PENNINGTON, N.J. - Ocean Power Technologies, Inc. (Nasdaq: OPTT and London Stock Exchange AIM: OPT) ("OPT" or the "Company") is pleased to announce that it has expanded its relationship with Mitsui Engineering & Shipbuilding Co. Ltd. (“MES”) with the signing of a new contract to develop OPT’s PowerBuoy technology for its application in Japanese sea conditions. Under this ...
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Ocean Power Technologies Appoints New Vice President of Operations
PENNINGTON, N.J. - Ocean Power Technologies, Inc. (Nasdaq: OPTT and London Stock Exchange AIM: OPT) (“OPT” or “the Company”) is pleased to announce the appointment of Michael G. Kelly as Vice President of Operations. Mr. Kelly, 50, joins OPT with thirty years of experience in the marine industry, spanning design, manufacturing, deployment and field service of large, ...
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Ocean Power Technologies awarded $1.0 Million by U.S. Department of Energy
Ocean Power Technologies, Inc. (Nasdaq:OPTT) ("OPT" or "the Company") today announced that it has won a $1.0 million funding award from the U.S. Department of Energy ("DOE") to enhance the commercial viability of its PowerBuoy(R) wave-energy systems through mechanical component design changes to maximize power-to-weight output ratios and reduce overall installed capital costs. Under the award ...
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Ocean Power Technologies Completes Testing of Next Generation Power Take-Off
Ocean Power Technologies, Inc. (Nasdaq: OPTT) ("OPT" or the "Company"), a leading wave energy technology company, today announced the successful completion of extensive factory acceptance testing of the first of its next generation power take-off (“PTO”) units for the Company’s utility-scale PowerBuoy®, the PB150. The PTO has now been ...
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Ocean Power Technologies Announces Election of New Director
Ocean Power Technologies, Inc. (Nasdaq:OPTT) (“OPT” or “the Company”), a leading wave energy technology company, today announced that Terence J. Cryan was duly elected to the Company’s Board of Directors at the Company’s Annual Meeting of Stockholders held on October 4, 2012. In addition, Thomas J. Meaney retired from the Board of Directors effective with the ...
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Happy World Oceans Day!!
Today is #WorldOceansDay. C·Power marks this important day through reconfirming our commitment to help create a healthier ocean for everyone’s benefit, as we help to lead the transition from a carbon-fueled ocean economy to one powered by clean, reliable ...
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Ocean Power Technologies and Lockheed Martin to Collaborate on Utility Scale PowerBuoy for Oregon Wave Power Project
Ocean Power Technologies, Inc. (Nasdaq: OPTT) ("OPT" or the "Company") is pleased to announce it will collaborate with Lockheed Martin (NYSE: LMT) in connection with OPT’s proposed commercial-scale wave power generation project at Reedsport, Oregon. Lockheed Martin will provide design, manufacturing, system integration and supply chain management expertise to enhance OPT’s ...
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Ocean Power Technologies and Lockheed Martin to Develop Wave-Energy Project in Australia
Ocean Power Technologies, Inc. (Nasdaq: OPTT), a leading wave energy technology company, and Lockheed Martin (NYSE: LMT) have entered into a teaming agreement with the goal of developing a 19 megawatt wave-energy project in Victoria, Australia. This is one of the largest wave-energy projects announced to date, and leverages a grant from the Commonwealth of Australia. For the project, Lockheed ...
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Ocean Power Technologies Deploys Autonomous PowerBuoy for US Navy Maritime Security Program
Ocean Power Technologies, Inc. (Nasdaq: OPTT) (“OPT” or “the Company”), a leading wave energy technology company, is pleased to announce the deployment for sea trials of a unique autonomous wave energy device, marking an important milestone in the expansion of the Company’s PowerBuoy product line. LEAP Autonomous PowerBuoy Deployed off ...
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Tropical islands poised to benefit from ocean power
Island nations in the developing world are especially well placed to benefit from technology that exploits a new potential source of energy from sea water: ocean thermal energy conversion (OTEC), experts have said. The technology uses sea water from the ocean depths to generate electricity, and various pilot projects are already under way in the developing world. For example, French defence ...
By SciDev.Net
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Ocean Power Technologies PB150 Device Outperforms in Sea Tests
Ocean Power Technologies, Inc. (Nasdaq: OPTT) ("OPT" or the "Company"), a leading wave energy technology company, is pleased to announce that the first of its new generation utility-scale PowerBuoy® device, the PB150, has delivered better-than-expected initial results from tests being conducted off the northeast coast of Scotland. Rated at 150 kilowatts, this device was ...
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Ocean Power Technologies Announces Results for the Year Ended April 30, 2010
PENNINGTON, N.J. - Ocean Power Technologies, Inc. (Nasdaq: OPTT and London Stock Exchange AIM: OPT) (“OPT” or “the Company”) announces its financial results for the year ended April 30, 2010. Fourth Quarter and Fiscal Year 2010 Highlights Revenue grew by 26% to $5.1 million for the fiscal year ended April 30, 2010, compared to $4.0 million for the same period in 2009. ...
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