Ocean Power Technologies Awarded Multi-Year NOAA ProTech Oceans IDIQ Contract
Ocean Power Technologies, Inc. (OPTT)
US:NASDAQ Investor Relations:
oceanpowertechnologies.gcs-web.com/node/5806
Company Research
Source: GlobeNewswire
MONROE TOWNSHIP, N.J., April 30, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced its selection as part of a team awarded the National Oceanic and Atmospheric Administration's (NOAA) Professional, Scientific, and Technical Services (ProTech) Oceans Domain Indefinite Delivery Indefinite Quantity (IDIQ) contract. This award positions OPT within an elite group of service providers supporting NOAA’s mission to understand and predict changes in climate, weather, oceans, and coasts. Under the terms of the contract, OPT will contribute its advanced technologies, including the pioneering PowerBuoy® systems and WAM-V® autonomous surface vessels, to support NOAA’s critical research and operational missions. The contract has a minimum duration of five years, with an early potential of several million per year in revenue. The ove
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OPTT
Sec Filings
- 5/14/24 - Form 8-K
- 5/6/24 - Form 8-K
- 4/26/24 - Form 8-K
- OPTT's page on the SEC website