News Releases

PENNINGTON, N.J. , March 11, 2016 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (Nasdaq:OPTT) today announced financial results for its Fiscal 2016 third quarter ended January 31, 2016 . George H. Kirby , President and Chief Executive Officer of OPT, stated, "During the third quarter, we

PENNINGTON, N.J. , March 10, 2016 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (Nasdaq:OPTT) today announced that it has entered into a Letter of Intent with Mitsui Engineering and Shipbuilding (MES) to conduct funded pre-work tasks and to negotiate a definitive agreement that would allow for

PENNINGTON, N.J. , March 09, 2016 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (Nasdaq:OPTT) announced today that George Kirby , President and Chief Executive Officer, will present at the 28th Annual Roth Capital Partners Conference at The Ritz Carlton in Dana Point, California on Wednesday,

PENNINGTON, N.J. , March 08, 2016 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (Nasdaq:OPTT) today announced that it is partnering with the National Data Buoy Center (“NDBC”) under a Cooperative Research and Development Agreement (“CRADA”) to conduct ocean demonstrations of its innovative

PENNINGTON, N.J. , Jan. 25, 2016 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (Nasdaq:OPTT) announced today that it recently received approximately $1.7 million through the State of New Jersey's Business Tax Certificate Transfer Program (the Program).

PENNINGTON, N.J. , Jan. 20, 2016 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (Nasdaq:OPTT) today announced that its APB350 (A1) PowerBuoy ® has achieved several significant milestones.  Total cumulative deployment time has exceeded 125 days and energy generated has surpassed 1,000 kWh

PENNINGTON, N.J. , Dec. 14, 2015 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (Nasdaq:OPTT) today announced financial results for its Fiscal 2016 second quarter ended October 31, 2015 . George H. Kirby , President and Chief Executive Officer of OPT, stated, "I am pleased with our second

PENNINGTON, N.J. , Oct. 30, 2015 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (Nasdaq:OPTT) today announced that it redeployed the APB350 (A1) PowerBuoy off the coast of New Jersey and resumed sea trials. OPT is also releasing selected performance data gathered during the A1's initial

PENNINGTON, N.J. , Oct. 28, 2015 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (Nasdaq:OPTT) ("OPT" or "the Company") today announced that it will effect a reverse stock split at a ratio of one share of newly issued common stock for each 10 shares of issued and outstanding common stock.

Memorandum of Understanding Focuses on Development of Integrated Systems Solutions for Prospective Customers Based on OPT's PowerBuoy (R) PENNINGTON, N.J. , Oct. 26, 2015 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (Nasdaq:OPTT) and Gardline Environmental, Ltd announced today a Memorandum of