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Stock impact report

Ocean Power Technologies CEO discusses US Coast Guard deal - ICYMI [Yahoo! Finance]

Ocean Power Technologies, Inc. (OPTT) 
Company Research Source: Yahoo! Finance
Ocean Power Technologies Inc (NYSE-A:OPTT) CEO Philipp Stratmann talked with Proactive about the company's latest contract award with the US Coast Guard, international expansion into Greece, and new advancements in offshore docking and charging solutions for unmanned surface vehicles (USVs). Proactive : Alright welcome back inside our Proactive newsroom, and joining me now is Philipp Stratmann, he is the CEO of Ocean Power Technologies Inc. Philipp, it's great to see you again. How are you? Philipp Stratmann : Doing well, good to be on again. You've had a couple of pieces of news out, including a substantial award with the US Coast Guard. Tell me about the work and this contract. We announced the buoy contract earlier this year. This contract follows that and is to install and deploy these buoys as soon as vessels are available. It shows we are continuing to build backlog and now transitioning that backlog into providing operational assets that the Coast Guard and other custo Show less Read more
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