News Releases

Second PB3 PowerBuoy Deployed off the Coast of New Jersey   Advancing toward Commercialization with First Commercial Agreement Signed Demonstrations with National Data Buy Center and Wildlife Conservation Society PENNINGTON, N.J. , July 15, 2016 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc.

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.