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Stock impact report

Ocean Power Technologies Announces Fiscal Second Quarter 2019 Financial Results

Ocean Power Technologies, Inc. (OPTT) 
Company Research Source: GlobeNewswire
MONROE TOWNSHIP, N.J., Dec. 10, 2018 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy solutions, announced today its financial results for the fiscal second quarter of 2019 ended October 31, 2018. " We believe that the strong momentum that OPT's sales and marketing team experienced in the first half of the fiscal year is indicative of our ongoing success." George H. Kirby, President and Chief Executive Officer of Ocean Power Technologies, explained, "We are now in the process of executing multiple contracts to supply PowerBuoys™ in targeted markets across various industry sectors." Mr. Kirby continued, "Our new facility and scaled operations allow us to better deliver high-quality products and services to our customers. In addition to the lease of our PB3 PowerBuoy™ for use in the Adriatic Sea by Eni S.p.A., we are also in the process of finishing the engineering design work on a PB3 PowerBuoy™ to be delivered Show less Read more
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