Technologies

Ocean Power Technologies’ PB3 PowerBuoy(R) Achieves New Operational Milestone

The MarketWatch News Department was not involved in the creation of this content.

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

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Ocean Power Technologies Opens Houston Office to Support Energy Sector Business Development

Strategically Situated in the Hub of Global Oil and Gas Operations and Energy Innovation

MONROE TOWNSHIP, N.J., Aug. 18, 2020 (GLOBE NEWSWIRE) — Ocean Power Technologies, Inc. (“OPT” or “the Company”) (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy solutions, today announced the establishment of its Houston, Texas  office in support of Gulf of Mexico and broader U.S. and South American opportunities.

Strategically located in the CityCentre development adjacent to Houston’s Energy Corridor near the intersection of I-10 and the Sam Houston Tollway, the new OPT office will serve as the base for the Company’s regional sales and business development activities, headed by OPT’s VP Global Business Development Philipp Stratmann and Senior Director of Sales, David Marchetti.  In addition, the new Houston office also enables OPT program managers, engineers, and field operations personnel to collaborate with customer project teams.

“Houston is the home of many global oil and

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Ocean Power Technologies Unveils Its Subsea Battery Solution

The MarketWatch News Department was not involved in the creation of this content.

MONROE TOWNSHIP, N.J., Aug 17, 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 the launch of its latest product, the Subsea Battery solution.

OPT’s Subsea Battery solution is an environmentally friendly lithium-iron phosphate battery system with a nominal storage capacity of 132 kilowatt-hours. It utilizes OPT’s proprietary and highly efficient battery management system which maximizes the amount of energy available for subsea payloads. Modular design allows multiple Subsea Battery units to be linked together to meet larger energy requirements for a wide range of subsea equipment. The Subsea Battery solution can be integrated with an OPT PowerBuoy for charging or used for standalone power.

“The introduction of our Subsea Battery marks OPT’s second product launch this year,” said

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Ocean Technologies Group Appoints Experienced Technology Leader as CFO

By


The Maritime Executive


08-20-2020 01:44:04

Experienced technology executive Maarten Van Gool has joined Ocean Technologies Group, as Chief Financial Officer.

Maarten’s diverse experience in technology businesses spans three decades with blue-chip organizations building strong fiduciary controls and successful businesses and teams. He started his career with global technology giant HP in the Netherlands during the early 1990s and thereafter moved to Palo Alto to join Agilent Technologies as part of the core team who spun off Agilent from HP and took the company public. During Maarten’s time as Global Financial Control Director and then Global Compliance Director for Agilent Technologies, he led the creation of a global compliance shared services center based in India. He has since held leadership roles with Tom Tom, AVG (acquired by Avast software) and was most recently was CFO and then CEO for Lobster Ink, a leading online learning provider to the global hospitality

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