Ocean Power Technologies (OPTT) Reports Q3 Loss of $1.05/Share

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Go back to Ocean Power Technologies (OPTT) Reports Q3 Loss of $1.05/Share

Ocean Power Technologies Announces Results for the Fiscal Third Quarter Ended January 31, 2016

March 11, 2016 8:22 AM EST

PENNINGTON, N.J., March 11, 2016 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (Nasdaq: OPTT) today announced financial results for its Fiscal 2016 third quarter ended January 31, 2016.

George H. Kirby, President and Chief Executive Officer of OPT, stated, "During the third quarter, we continued to develop our APB350 PowerBuoy and achieved progress on both the technical and commercial fronts. Our cumulative deployment time for the APB350 (A1) exceeded 125 days, and the PowerBuoy achieved two performance records including generating greater than 1,000 kWh (1MWh) of energy  and generating 32 kWh of... More