Ocean Power Technologies, Inc. (NASDAQ:OPTT) Files An 8-K Other EventsItem 8.01Other Events.
On July 25, 2017, Ocean Power Technologies, Inc. issued a press release announcing the establishment of a presence in Houston, Texas to more effectively support the Company’s oil & gas business development activities. A copy of the press release is furnished as Exhibit 99.1 to this report and is incorporated herein by reference.
Item 9.01Financial Statements and Exhibits.
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Exhibit Number |
Description |
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*99.1 |
Press release dated July 25, 2017 announcing the establishment of a presence in Houston, Texas to more effectively support the Company’s oil & gas business development activities. |
*Furnished herewith.
Ocean Power Technologies, Inc. ExhibitEX-99.1 2 ex99-1.htm EXHIBIT 99.1 ex99-1.htm Exhibit 99.1 Ocean Power Technologies Establishes a Houston Presence To Support Oil & Gas Business Development Pennington,…To view the full exhibit click here
About Ocean Power Technologies, Inc. (NASDAQ:OPTT)
Ocean Power Technologies, Inc. is developing and seeking to commercialize its systems that generate electricity by connecting the renewable energy of ocean waves. The Company’s PowerBuoy systems use technologies that convert the mechanical energy created by the rising and falling of ocean waves into electricity. The Company focuses on developing its PowerBuoy product line, which is based on modular, ocean-going buoys. Its autonomous PowerBuoy generates power for use in remote locations, independent of an existing power grid. The Company focuses on developing and commercializing its PowerBuoy products and services for use in autonomous power applications. The Company markets its PowerBuoys in the United States and internationally. The autonomous PowerBuoy integrates a power take-off (PTO) and onboard system for energy storage and management. Its PowerBuoy product is the PB3. PB3 can act as an uninterruptable power supply (UPS), which recharges itself by harvesting energy from the waves.
