Ocean Power Technologies, Inc. develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves primarily in the United States, Europe, Asia, and Australia
Ocean Power Technologies Enters Into First Commercial PB3 Agreement with Mitsui Engineering and Shipbuilding PENNINGTON, N.J., June 01, 2016 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (OPTT) (“OPT” or “the Company”) announced today that the Company has entered into a PB3 PowerBuoy® lease agreement (“Agreement”) with Mitsui Engineering and Shipbuilding (“MES”), which is valued at approximately $975,000. The PB3 PowerBuoy leased by MES is planned to be deployed off Kozu-island in Japan following a planned stage gate review. Under the Agreement, OPT will also provide engineering support, associated deployment planning and logistics and ocean performance data collection and analysis. OPT and MES will also jointly develop and test an advanced control algorithm with the goal of assessing increased ocean wave energy capture and electric power generation for potential customers in Japan and surrounding countries. Work on the project began in March 2016 following the signing of a letter of intent by OPT and MES.
That was an impressive close. My gut says this peaks tomorrow, shorts will have their day! No way this holds up into Friday!
Congrats to whomever got in earlier enough to make some $. Got burned by penny stocks once and will not touch them again.
I didn't know was an OPTT thread open.... (I am relegated into a corner) I post the info here as well Ocean Power Technologies Inc: OPTT Stock Nearly Triples in Two Days! Should You Buy? Power generated by waves? That technology is lifting OPTT today. Ocean Power Technologies Inc: OPTT Stock Nearly Triples in Two Days! Should You Buy? Power generated by waves? That technology is lifting OPTT today. not to get stuck in just riding the waves ... yesterday OPTT was distributing $$$ all day
