Ocean Power Technologies Signs Contract with Premier Oil for a PowerBuoy™ deployment in the Central North Sea
Ocean Power Technologies, Inc. (OPTT)
US:NASDAQ Investor Relations:
oceanpowertechnologies.gcs-web.com/node/5806
Company Research
Source: GlobeNewswire
MONROE TOWNSHIP, N.J., June 28, 2018 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NASDAQ:OPTT) announced today that the Company has signed a contract with Premier Oil, to supply a PowerBuoy™ for a deployment in the Huntington Field, one of Premier Oil’s offshore fields in the Central North Sea. The contract calls for a nine-month lease including an initial three-month trial, followed by a six-month extension upon successful completion of the initial trial. The contract also includes an option to extend the initial nine-month lease. The project is expected to start in June of 2018 and deployment is anticipated for October of 2018. The OPT PowerBuoy™ will be deployed in the Central North Sea and will serve as a self-sustaining intelligent platform to provide communications and remote monitoring services. During the deployment, Premier Oil will explore the PowerBuoy™ capabilities and its ability to monitor the local environment and alert shipping of its position. The project
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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
- Ocean Power Technologies Announces Participation in NATO Digital Ocean Industry SymposiumGlobeNewswire
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