Ocean Power Technologies (OPTT) Reports Q2 Loss of $0.25/Share

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Ocean Power Technologies Announces Results for the Fiscal Second Quarter Ended October 31, 2016

December 9, 2016 4:15 PM EST

PENNINGTON, N.J., Dec. 09, 2016 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (Nasdaq: OPTT) today announced financial results for its Fiscal 2017 second quarter ended October 31, 2016.

George H. Kirby, President and Chief Executive Officer of OPT, stated, "We continue to make measurable progress towards executing on our strategic business plan, and we are pleased with the developments throughout the second quarter and to date. Our accomplishments include successfully completing a pre-requisite stage gate review with MES and securing a new contract with the U.S. Department of Defense Office of Naval Research... More