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MONROE TOWNSHIP, N.J., Aug 19, 2020 (GLOBE NEWSWIRE via COMTEX) —
Ocean Power Technologies, Inc. (“OPT” or “the Company”) (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy solutions, today announced that the PB3 PowerBuoy operating in the Adriatic Sea has surpassed 600 days of continuous operation for Eni’s Phase 1 resident autonomous underwater vehicle (AUV) project.
“The PB3 PowerBuoy continues to validate its durability as a proven marine power asset,” said George H. Kirby, President and Chief Executive Officer of OPT. “The Adriatic Sea mission exemplifies the PB3’s capabilities in real-time and is an ongoing testament to OPT’s ability to deliver established technologies, constantly reinforcing our standing as a leader in offshore power solutions able to meet the unique needs of our customers.”
Initially leased by Eni, one of the world’s largest energy companies, in