Technology | 2010.02.01
Ocean Power Technologies Deploys Hawaii Powerbuoy and Wins Further Funding
PENNINGTON, N.J.--(BUSINESS WIRE)--Ocean Power Technologies, Inc. (Nasdaq:OPTT)(LSE:OPT) ("OPT" or the "Company") announces the successful deployment of one of its PowerBuoys® at the Marine Corps Base in Hawaii. The Company has also been awarded $380,000 in additional funding for the PowerBuoy’s commissioning and in-ocean operation. Building, deployment and operation of this PowerBuoy is part of a program with the US Navy to develop and test OPT’s wave power technology. The Navy
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