Ocean Power Technologies Signs Letter of Intent to Enter into Long-Term Supply Agreement with NEC Energy Solutions
Ocean Power Technologies, Inc. (OPTT)
US:NASDAQ Investor Relations:
oceanpowertechnologies.gcs-web.com/node/5806
Company Research
Source: GlobeNewswire
OPT Uniquely Positioned to Provide First Ever Persistent Electric Power Recharge of Subsea Batteries with its PB3 PowerBuoy™ NEC to Supply Lithium Ion Batteries for OPT’s Subsea Battery Solutions MONROE TOWNSHIP, N.J., Dec. 05, 2018 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (“OPT” or “the Company”) (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy solutions, announced today that the Company has signed a letter of intent to enter into a long-term supply agreement with NEC Energy Solutions (“NEC ES”), a pioneer and global leader in utility scale energy storage. Under the terms of the supply agreement, NEC ES will supply lithium ion batteries for OPT’s subsea battery solutions. George H. Kirby, President and Chief Executive Officer of OPT, said, “We are excited to be working with NEC ES as a supplier of lithium ion batteries for our subsea battery solutions. Their long-standing leadership in the industry, as well as their dedication towards providing ve
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- Wave and Tidal Energy Market Size Projected to Surge $5.1 Billion Growth by 2033, Exhibit a CAGR of 12.5% [Yahoo! Finance]Yahoo! Finance
- Ocean Power Technologies Announces Participation in NATO Digital Ocean Industry Symposium [Yahoo! Finance]Yahoo! Finance
OPTT
Sec Filings
- 4/22/24 - Form DFAN14A
- 4/17/24 - Form SC
- 4/17/24 - Form 8-K
- OPTT's page on the SEC website