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0.0256410256410258 0.0256410256410258 0.0256410256410258 0.0256410256410258 0.012820512820513 -0.00641025641025642 -0.0129487179487179 0.0638500000000001
Stock impact report

Ocean Power Technologies Announces Fiscal 2018 Fourth Quarter and Full Year Results

Ocean Power Technologies, Inc. (OPTT) 
Company Research Source: GlobeNewswire
MONROE TOWNSHIP, N.J., July 17, 2018 (GLOBE NEWSWIRE) -- Ocean Power Technologies (Nasdaq:OPTT), a leader in innovative ocean energy solutions today announced financial results for the fourth quarter and full fiscal year 2018 ended April 30, 2018. “We believe that we have passed an important inflection point in our business by achieving fourth quarter revenues as a result of our business development efforts.” said George H. Kirby, President and Chief Executive Officer of Ocean Power Technologies.  “So far we have signed two important new contracts where we will supply PowerBuoys™ to the offshore oil and gas market, with Eni S.p.A. and with Premier Oil. We believe these new contracts are just the beginning of building a robust backlog toward sustainable revenues. With our dynamic product offering, enhanced infrastructure, and our talented team, we believe we are positioned to scale and grow our business and we continue to invest in people and technology to achieve this growth by eng Show less Read more
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