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0.0736842105263157 0.0368947368421053 0.0578947368421053 0.0894736842105264 0.0421052631578948 0.0421052631578948 0 -0.0157894736842105
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Ocean Power Technologies Announces the Successful North Sea Deployment of the PB3 PowerBuoy® for Premier Oil

Ocean Power Technologies, Inc. (OPTT) 
Company Research Source: GlobeNewswire
MONROE TOWNSHIP, N.J., Aug. 22, 2019 (GLOBE NEWSWIRE) -- Monroe Township, N.J., August 22, 2019 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (“OPT” or “the Company”) (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy solutions, announced the successful deployment of a PB3 PowerBuoy® in the North Sea for its customer Premier Oil (“Premier”).  This latest deployment of a PB3 PowerBuoy® will serve Premier as an autonomous intelligent platform to provide communications and remote monitoring services at Premier’s Huntington field in the central North Sea. During the deployment, Premier will demonstrate the PB3 PowerBuoy® capabilities, its ability to monitor the local environment and alert ships of the field’s safety zone as a potential solution to help with their future decommissioning related operations. This deployment begins a nine months lease, subject to meeting a number of acceptance criteria in the first three months,. The lease also includes an option Show less Read more
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