Ocean Power Technologies Inc (OPTT) News

Agree, but a merger will benefit both company, since $PGNT got the money to spend, and $OPTT it’s already trading at higher market AMEX, anyway huge potential, IMO .

That Pink sheet company made an attempt at a hostile takeover of OPT by Proxy fight not long ago. Now they want to be pals and give them $3,000,000. Not thinking OPT folks want much to do with them.

More news !
https://finance.yahoo.com/news/red-cat-launches-robotics-autonomous-110000652.html

Enough with the dumping, let’s run this POS !

https://finance.yahoo.com/news/ocean-power-technologies-successfully-demonstrates-121500227.html
$OPTT nice !

Agree, looks like it’s almost time for a nice breakout, waiting for their response to the $3 million dollars deal from paragon technologies last week, nice potential, IMO .
$OPTT $PGNT

Might not have to wait long.

Patient waiting

Under the terms of the contract, OPT will
contribute its advanced technologies, including the pioneering PowerBuoy® systems and WAM-V® autonomous surface vessels, to support NOAA’s critical research and operational missions. The contract has a minimum duration of five years, with an early potential of several million per year in revenue. The overall ProTech IDIQ has a ceiling of 8 billion providing ample opportunities to supply into NOAA.
Huge potential, IMO .

Waiting !

I can feel some pressure buildup !

How many more 19s !

Merger will be great !

https://finance.yahoo.com/news/paragon-calls-ocean-power-cease-135500404.html
Very interesting !

Down on low volume !

Adding !

https://finance.yahoo.com/news/ocean-power-technologies-announces-participation-121500986.html

$OPTT news is promising. I have an opinion that paragon tries to slow us down from time to time, maybe even short it. The volume this time though is sweet!

maybe this is driving the price down
November 2023 Shelf
EDGAR
Registered

Current Raisable Amount
$7,008,909
https://dilutiontracker.com/app/search/OPTT?a=dbb88c

$optt pop & drop on this NEWS $OPTT - Ocean Power Technologies
🔹Announces Teaming Agreement with Major International Defense Contractor to Deploy Maritime Domain Awareness Solutions

👆 39% PreM/ $0.32 pic.twitter.com/S88pXUfUgP— John Zidar (@JohnZidar) April 16, 2024

$OPTTs orders along with their other activities with the U.S. Navy and NOAA are moving them closer and closer to profitability.

Bullish! $1.5 million ordered!

$OPTT could run up a dime which is deserving imo.

The 3 stooges, otcbb, arca and h are doing everything they can to hold this down. They might be in for a surprise.

OPTT 10Q due March 13

$OPTT and Sulmara,
Sulmara continues to invest in the future of USV solutions



Fast-growing Scottish subsea services specialist Sulmara has set its sights on further success after investing $1.6 million in equipment which will allow it to limit the environmental impact of offshore operations.

Glasgow-headquartered Sulmara has placed the order with Ocean Power Technologies, Inc. for several of its Wave Adaptive Modular Vessels (WAM-V), a dual-hull Uncrewed Surface Vessel (USV) which specialises in near-shore data collection.

New Jersey firm OPT said it was the largest single order it had ever received. And Andy Doggett, Chief Technology Officer at Sulmara, said the investment was a sign of things to come from the company.

He said: “Sulmara has built an extensive track record of project delivery with USV systems in Asia Pacific, Europe and the US, where we have demonstrated the ability of uncrewed systems to produce quality data in the harshest of environments with a minimal cost to the environment.

“Given it has unique characteristics including being light-weight and modular, possessing a very shallow draft and wave adaptive stability, as well as being fully electric, the WAM-V systems can carry out operations in areas where other vessels struggle and with a massively reduced carbon footprint.

"We have worked closely with the design and engineering team at OPT to adapt the WAM-V design to include additional features such as the towing of subsea sensors to widen the system’s capability to meet the needs of our clients from both a data delivery and carbon cost perspective.”

$OPTT 8K filed.
https://investors.oceanpowertechnologies.com/node/15236/html
The 2023 Annual Meeting of Stockholders (the “2023 Annual Meeting”) of Ocean Power Technologies, Inc. (the “Company”), first called to order virtually on January 31, 2024 and adjourned due to the absence of a quorum without any business being conducted, was reconvened virtually on February 28, 2024 at which time, following the determination that a quorum was present, the business of the 2023 Annual Meeting was conducted.

$OPTT, more news on the 28th,
Ocean Power Technologies secure key deal for WAM-V Unmanned surface vehicles

Wed, February 28, 2024 at 5:30 AM EST
In this article:

OPTT
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Vancouver, Canada --News Direct-- Ocean Power Technologies Inc

Ocean Power Technologies CEO Philipp Stratmann joined Steve Darling from Proactive to share exciting news about the company's success. Ocean Power Technologies has received multiple orders for fully integrated WAM-V Unmanned Surface Vehicles , totaling over $1.25 million.

This significant achievement underscores the growing demand for OPT's advanced marine technologies and their applications in various fields such as maritime surveillance, environmental monitoring, and ocean data collection.

The WAM-V USV represents the cutting edge of maritime innovation, offering superior performance in diverse ocean conditions. Its versatility and reliability make it an ideal choice for a wide range of marine applications, from data collection to security surveillance and environmental monitoring.

Stratmann highlighted that the recent commercial orders have come from clients in Latin America, demonstrating the broad capabilities and applications of the WAM-V USVs. OPT's commitment to delivering customizable and scalable solutions has positioned the company as a preferred partner in the industry.

Overall, this success reflects Ocean Power Technologies' dedication to providing innovative solutions that meet the evolving needs of the marine industry, and it marks an exciting milestone in the company's journey towards continued growth and impact in the field of marine technology.
Contact Details

Proactive North America

Proactive North America

+1 604-688-8158

NA-editorial@proactiveinvestors.com

View source version on newsdirect.com: https://newsdirect.com/news/ocean-power-technologies-secure-key-deal-for-wam-v-unmanned-surface-vehicles-883493588

AT&T, MICROSOFT AND NVIDIA COULD REVOLUTIONIZE OCEAN POWER TOGETHER WITH OPT!!!!!!!!!!!???????????

BIG SUPPORT FOR OUR PRESIDENT PHILIPP STRATMANN AND HIS TEAM - LET US MAKE OPTT GREAT AGAIN!!!!!!!!!!!!!!!!!!!!!!

OPTT could position itself extremely well in the MILITARY SECTOR and this sector is also very important for BIDEN and TRUMP!!!!!!!!!!!!!!!!!!!

AT&T, NVIDIA AND MICROSOFT could be great TECH GIANTS PARTNERS for OPTT!!!!!!!!!!!

VERY INTERESTING - 75.000 x 2 - GOOD NEWS!!!!!!!!!!!!???????????

IN MY OPINION, TECH GIANTS WILL BUY OPTT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

$OPTT, significant news for sure. Folks may want to do a little research on today's news.

REALLY GREAT - OPTT receives funding for AT&T 5G-enabled PowerBuoy deployment in Monterey Bay!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

OPTT IS ON FIRE - IN MY OPINION WE WILL SEE SOON MORE THAN $ 1!!!!!!!!!!!!!!!!!!!!!!!

OPTT..........................................https://stockcharts.com/h-sc/ui?s=OPTT&p=W&b=5&g=0&id=p86431144783

OPTT is very bullish today!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

LET`S GO BACK TO $ 5 AND MORE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

In my opinion, we will soon see significantly higher share prices after the general meeting!!!!!!!!!!!!! Profits in 2025!!!!!!!!!!!!!!!!!!!!

DEFENSE AND SECURITY - VERY IMPORTANT FOR BIDEN AND TRUMP!!!!!!!!!!!!!!!!!!!!!

BIG POTENTIAL IN 2024!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

OPTT..............................................https://stockcharts.com/h-sc/ui?s=OPTT&p=W&b=5&g=0&id=p86431144783

$OPTT Published Wed, Jan 10 20245:30 PM EST
A network of sensors is helping U.S.-led forces detect threats in the Red Sea
Key Points

Launched in 2021, Task Force 59 is the U.S. Navy’s first unmanned and artificial intelligence-driven task force.
The sensor network is helping protect the passage of commercial ships through the Red Sea.

Iranian-backed Houthi militants on Tuesday launched a widespread attack on merchant ships in the Red Sea. It marked the 26th such attack since Nov. 19. About 50 vessels were in the vicinity.

But there were no reports of injuries or ship damage.

In addition to the U.S.-led Operation Prosperity Guardian coalition warships and information-sharing teams, Task Force 59, a network of sensors, is helping protect the passage of commercial ships through the Red Sea.

Launched in 2021, it is the U.S. Navy’s first unmanned and artificial intelligence-driven task force. It uses a combination of unmanned systems and AI designed to create a digital horizon to detect any anomalies on the water and the ocean floor.

Over the past two years, the task force has completed more than 30 exercises and 50,000 operating hours at sea with international players.

Defense officials told CNBC that since the beginning of Operation Prosperity Guardian on Dec. 18, U.S. and coalition forces have shot down more than 100 attack drones and missiles, while sinking at least three small boats — this includes Tuesday’s Red Sea engagement. Carriers have continued to shift vessels outside of the crucial trade route, although the U.S. aims to help the global supply chain get back to normal.

Task Force 59's operating platforms are equipped with sensors, radars and cameras for many uses, including navigation, data collection, intelligence, surveillance and reconnaissance. The tech allows U.S. forces and partners to counter and deter that threat with disposable, inexpensive weaponry at scale.

Ocean Power Technologies

takes part in the task force. The company’s buoys and data flows enhance the Navy’s ability to persistently monitor the surrounding seas and enable leaders to be more predictive and precise in deploying coalition crewed assets.

The task force loops in technology and concepts from across the industry, aiding the Navy with detecting issues both below and above the surface.

“The inexpensive Houthi unmanned vessels and mines are tactical weapons that have a strategic effect on the global economy and the movement of trade in a vital choke point,” said retired Rear Adm. Joseph DiGuardo, who is now OPT’s senior director of U.S. government strategy and development.

“This is a low-cost investment for the Houthis and it is having an outsized return in impacting the global economy,” he added.

Iran, a key antagonist to U.S. interests in the Middle East, has backed the Houthis, but its warships have not been involved.

“Iran in their adventurism is encouraging this conflict,” said DiGuardo. “Every sea-going nation should be concerned about the global economic impact. Every consumer will see an increase in cost because of the disruption of the supply chain.”

Defense officials told CNBC that Task Force 59's support isn’t all that expensive.

“We had two drones at sea for 220 straight days in the Red Sea last year and the cost for those two days was the same we paid in gas along for operating a Navy Guided Missile Destroyer,” an official said.

$OPTT, nice early volume.

https://www.otcmarkets.com/stock/OPTT

OPTT............................................https://stockcharts.com/h-sc/ui?s=OPTT&p=W&b=5&g=0&id=p86431144783

$OPTT, imo finally trying to turn the corner, getting contracts and gaining momo while being chased by a company trying to take over control. I personally voted all my shares to OPTT.

OPTT........................................https://stockcharts.com/h-sc/ui?s=OPTT&p=W&b=5&g=0&id=p86431144783