In The News

Premier OilOcean Power Technologies Signs Agreement With Premier Oil

MONROE TOWNSHIP, N.J., Jan. 22, 2018 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NASDAQ:OPTT) announced today that the Company has signed an agreement with Premier Oil (LSE:PMO), an international oil and gas company, to study the feasibility of using the PB3 PowerBuoy for decommissioning operations in the North Sea.  The contract outlines work that will determine the viability of using the PB3 for monitoring and guarding remaining wells and subsea equipment after removal of a floating production, storage and offloading vessel and prior to subsea decommissioning and/or well plugging & abandonment operations.

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

 

 

 

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

 

Webinar

Gulf of Mexico Demonstration of Power and Communications Solution for the Offshore Oil & Gas Industry‚Äč
April, 2016

 

 

Ocean Power Technologies - Video

Capabilities - Video

OTC 2018 - Hightlights Video

PB3 Deployment Video

 
PB3 Photos

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PB3 delivered to MES in Japan

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PB3 delivered to MES in Japan

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PB3 in the waters of Kozu-Island, Japan

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MES team visiting OPT in New Jersey - Jan 2018