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Ocean Power Technologies Announces PB3 Commercial PowerBuoy Performance off Kozu-Island, Japan After Eight Weeks of Deployment

Ocean Power Technologies Announces PB3 Commercial PowerBuoy Performance off Kozu-Island, Japan After Eight Weeks of Deployment

Ocean Power Technologies Announces PB3 Commercial PowerBuoy Performance off Kozu-Island, Japan After Eight Weeks of Deployment

PENNINGTON, N.J., June 12, 2017 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NASDAQ:OPTT) (“OPT” or the “Company”) announced today that its PB3 commercial PowerBuoy, which is  deployed off Kozu-Island, Japan as part of a previously announced lease, is meeting all of its performance requirements. Closer to home, the commercial PB3 Power Take-Off (“PTO”) accelerated life testing, which is conducted at the Company’s headquarters in New Jersey, reached over 67 million strokes that simulates over 4 years of ocean operation.

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PB3 deployed off the coast of Kozu-shima Island in Japan

PB3 deployed off the coast of Kozu-shima Island in Japan

PB3 deployed off the coast of Kozu-shima Island in Japan



OPT And Its Innovative Power Play
Marine Technology Reporter
November/December, 2015

 

 


Is Wave Power Following the the Footsteps of Wind?
By George H. Kirby
President and Chief Executive Officer
Ocean Power Technologies, Inc.
 


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PB3 Photos

PB3 being transported by truck to launch site DOWNLOAD ▼


PB3 being transported by truck to launch site
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PB3 being towed to deployment site DOWNLOAD ▼


PB3 being towed to deployment site
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PB3 during ballasting process for vertical positioning, which occurs at the deployment site DOWNLOAD ▼


PB3 during ballasting process for vertical positioning, which occurs at the deployment site
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PB3 deployed off the coast of New Jersey DOWNLOAD ▼


PB3 deployed off the coast of New Jersey
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PB3 Deployment Video