Ocean Power Technologies (OPTT) Reports Wider Q3 Loss of $0.12/Share

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Go back to Ocean Power Technologies (OPTT) Reports Wider Q3 Loss of $0.12/Share

Ocean Power Technologies Announces Results for the Fiscal Third Quarter Ended January 31, 2015

March 11, 2015 7:30 AM EDT

Multiple PowerBuoy® deployments are anticipated in calendar 2015 Primary focus on off-grid power production at smaller scales Continued emphasis on PowerBuoy reliability, durability, and cost reduction, and thus advancement toward commercial status.

PENNINGTON, N.J., March 11, 2015 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (Nasdaq: OPTT) ("OPT" or "the Company") today announced financial results for its Fiscal 2015 third quarter ended January 31, 2015 ("fiscal 2015").

George H. Kirby, President and Chief Executive of OPT, stated, "I am pleased to report that... More