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Stock impact report

Ocean Power Technologies ships first PowerBuoy to US Department of Homeland Security - 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 first shipment under its $6.5 million contract with the US Department of Homeland Security, marking a major operational milestone. Proactive : Welcome back inside our Proactive newsroom. Joining me now is Philipp Stratmann, CEO of Ocean Power Technologies. Philipp, it's always great to see you. How are you today? Philipp Stratmann : Doing well, thanks for having me on again. You've announced news about the first shipment of your PowerBuoy system under contract with the US Department of Homeland Security. This is part of a $6.5 million contract we've discussed before. This first shipment is a big milestone. Yes, it's a major milestone. Earlier in January we announced the contract award, and just a couple of weeks ago we confirmed the full deployment contract. Now we're already shipping the first system, with the second ready for shipment and others to follow soon. I thi Show less Read more
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