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Water Stocks Trading Alert: Ocean Power (NASDAQ:OPTT) Moves on Homeland Security Deal
Category: Investment, Water, Renewable Energy
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News about Ocean Power Technologies
New York, New York - September 4, 2012 (Investorideas.com water newswire, www.water-stocks.com) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector for independent investors issues a water stocks trading alert for Ocean Power Technologies, Inc. (NasdaqGM :OPTT) trading up at $3.09 . gaining 0.30 or 10.75%) as of 10:18AM EDT. The stock traded as high as $3.29 on news of a deal with the U.S. Department of Homeland Security.
The Company reported news today that it has entered into a Cooperative Research and Development Agreement ("CRADA") with the U.S. Department of Homeland Security (“DHS”) Science & Technology Directorate (“S&T”) to perform a new round of in-ocean tests on its Autonomous PowerBuoy® to further demonstrate its use for ocean surveillance.
About Ocean Power Technologies
Ocean Power Technologies, Inc. (OPTT) is a pioneer in wave-energy technology that harnesses ocean wave resources to generate reliable and clean and environmentally-beneficial electricity. OPT has a strong track record in the advancement of wave energy and participates in an estimated $150 billion annual power generation equipment market. OPT’s proprietary PowerBuoy® system is based on modular, ocean-going buoys that capture and convert predictable wave energy into clean electricity. The Company is widely recognized as a leading developer of on-grid and autonomous wave-energy generation systems, benefiting from 15 years of in-ocean experience. OPT is headquartered in Pennington, New Jersey, USA with an office in Warwick, UK, and operations in Melbourne and Perth, Australia. More information can be found at www.oceanpowertechnologies.com.
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