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 December 9, 2016, Ocean Power Technologies, Inc. issued a
press release announcing its financial results for the quarter
ending October 31, 2016. A copy of the press release is furnished
as Exhibit 99.1 to this report and is incorporated herein by
reference.
In accordance with General Instruction B.2 of Form 8-K, the
information set forth in this Item 2.02 and in the attached
Exhibit 99.1 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.
|
Exhibit Number |
Description |
| *99.1 |
Press release dated December 9, 2016 regarding second quarter earnings. |
*Furnished herewith.
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. Ocean Power Technologies, Inc. (NASDAQ:OPTT) Recent Trading Information
Ocean Power Technologies, Inc. (NASDAQ:OPTT) closed its last trading session up +0.20 at 3.50 with 1,306,842 shares trading hands.
