News Releases

PENNINGTON, N.J. , July 14, 2016 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NASDAQ:OPTT) (“OPT” or the “Company”) announced today the deployment of its commercial design of the PB3 PowerBuoy ® approximately four miles off of the coast of New Jersey.  The commercial PB3 incorporates

PENNINGTON, N.J. , June 29, 2016 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NASDAQ:OPTT) (“OPT” or the “Company”) announced today that the Company entered into a Memorandum of Agreement (“MOA”)  with the Wildlife Conservation Society (“WCS”) to evaluate integrating acoustic sensors into

PENNINGTON, N.J. , June 28, 2016 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NASDAQ:OPTT) (“OPT” or “the Company”) announced today that it has re-deployed the PB3-A1 PowerBuoy ® (“PB3 PowerBuoy” or “PB3-A1”) off the coast of New Jersey after completion of necessary  repairs and maintenance

PENNINGTON, N.J. , June 07, 2016 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NASDAQ:OPTT) (“OPT” or “the Company”) today announced the closing of its previously announced registered direct offering to several institutional investors to purchase 417,000 shares of common stock and warrants to

PENNINGTON, N.J. , June 02, 2016 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NASDAQ:OPTT) (“OPT” or “the Company”) announced the pricing of a registered direct offering of 417,000 shares of common stock and warrants to purchase an aggregate of 145,950 shares of its common stock.  Each share

PENNINGTON, N.J. , June 01, 2016 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NASDAQ: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

PENNINGTON, N.J. , May 31, 2016 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (Nasdaq:OPTT) announced today that it will be a featured presenter at the 5th Annual Marcum MicroCap Conference on Wednesday, June 1, 2016 in New York City at the Grand Hyatt Hotel .

PENNINGTON, N.J. , May 11, 2016 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (Nasdaq:OPTT) (“OPT” or “the Company”) announced today that it has reached a settlement agreement in the class action securities litigation, In re: Ocean Power Technologies, Inc. Securities Litigation , Case No.

PENNINGTON, N.J. , May 09, 2016 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (Nasdaq:OPTT) (“OPT” or “the Company”), a leading wave energy technology company, announced today that Steven M. Fludder and Robert K. Winters were elected to the Board of Directors effective May 5 , 2016.  Mr.

PENNINGTON, N.J. , March 14, 2016 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (Nasdaq:OPTT) announced today a rebranding of its PowerBuoy systems as part of its aggressive commercialization efforts to more closely align the Company’s PowerBuoy® product designation with best practices of