Its PowerBuoy(R) solutions platform provides clean and reliable electric power and real-time data communications for remote offshore and subsea applications in markets such as offshore oil and gas, defense and security, science and research, and communications. Ocean Power Technologies (OPT) is a U.S. publicly owned renewable energy company, providing electric power and communications solutions, services and related for remote offshore applications. In that role, he monitored the Food and Agriculture Organization (FAO) of the United Nations' Regional Fisheries Livelihood Program, supported and monitored the FAO Regional Fisheries Livelihood Programme (RFLP) in Kupang, East Nusa Tenggara, and developed an alternative livelihood program for small-scale fishermen. Ocean Power Technologies (OPT) is a U.S. publicly owned renewable energy company, providing electric power and communications solutions, services and related for remote offshore applications. A Letter from the President & CEO of Ocean Power Technologies, Inc. to our Customers and Stakeholders. We are excited to have him on board to execute our market expansion strategy and promote our capabilities in this area of the world.". About Ocean Power TechnologiesHeadquartered in Monroe Township, New Jersey, OPT aspires to transform the world through durable, innovative, and cost-effective ocean energy solutions.

Our ability to use mobile devices, digital collaboration tools, and secure VPN access to our servers allows our business and project support teams to seamlessly transition to a remote working environment.
He also has a Post-Baccalaureate Certificate in geographic information systems and remote sensing from the University of Rhode Island.


Intraday Data provided by FACTSET and subject to terms of use. Is there a problem with this press release? … As a company whose inherent workplace includes the unforgiving and remote environment of the open ocean, risk and crisis management is an aspect of our work that we take seriously each and every day. Historical and current end-of-day data provided by FACTSET. Ocean Power Technologies Limited is the UK-based wholly owned subsidiary. You can also contact MarketWatch Customer Service via our Customer Center. By using this site you agree to the To learn more, visit www.oceanpowertechnologies.com.

Forward-Looking StatementsThis release may contain forward-looking statements that are within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. With a global COVID-19 pandemic now upon us, and consistent with the directives of our federal, state and local government officials, our priority remains the health, safety and well-being of our employees, partners, and customers, as well as their families and communities located around the world.

Ocean Power was involved in several large PowerBuoy projects, including a very large Australian project with Lockheed Martin from 2012–2014, when they determined that "the project wasn’t 'commercially viable,' and [the company] changed its strategy. Business continuity has always been an important part of our approach to risk management.

Mr. Prakoso holds a Master of Environmental Science and Management degree from the University of Rhode Island as well as a Bachelor of Science degree in Fisheries from Bogor Agricultural University in Indonesia. Cookie Notice. The company's PowerBuoy wave energy conversion technology is theoretically scalable to hundreds of megawatts and the generated energy from Wave Power can be supplied to the grid via submarine cables. Subscriber Agreement & Terms of Use Updated 03/26/2020 I am proud of our colleagues around the world, and I remain optimistic for the future of our company. Business data for Ocean Power Technologies Inc.: This page was last edited on 30 July 2020, at 07:56.

"The Asia-Pacific region presents significant opportunities for OPT's power and communications solutions among nations concerned with maritime border enforcement and safeguarding vast oceanic resources," said George H. Kirby, President and Chief Executive Officer of OPT. Privacy Notice and In the face of these evolving challenges, our thoughts go out to those that have been impacted by the virus around the world, including those individuals who are sick, and healthcare providers and first responders who are working to care for people in need.


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