Ocean Power Technologies, Inc. (NASDAQ:OPTT) Files An 8-K Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition.
On July 22, 2019, Ocean Power Technologies, Inc. (the “Company”) issued a press release announcing its financial results for its fiscal fourth quarter ending April 30, 2019. A copy of the press release is furnished as Exhibit 99.1 to this report and is incorporated herein by reference.
Item 7.01. Regulation FD Disclosure.
On July 22, 2019, the Company updated their investor presentation and fact sheet. A copy of the investor presentation and fact sheet are furnished as Exhibits 99.2 and 99.3 to this report and are also available on the Company’s website at www.oceanpowertechnologies.com.
In accordance with General Instruction B.2 of Form 8-K, the information set forth in Item 2.02 and 7.01 and in the attached Exhibits 99.1 to 99.3 shall be deemed to be “furnished” and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.
Item 9.01 Financial Statements and Exhibits.
| *99.1 | Press release dated July 22, 2019 regarding fiscal fourth quarter earnings. |
| *99.2 | Company investor presentation |
| *99.3 | Company fact sheet |
*Furnished herewith.
Ocean Power Technologies, Inc. Exhibit
EX-99.1 2 ex99-1.htm Exhibit 99.1 NEWS RELEASE Ocean Power Technologies Announces Fiscal 2019 Fourth Quarter and Full Year Results Investor Conference Call and Webcast on July 23,…
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.
