| Market Capitalization (Millions $) |
37 |
| Shares
Outstanding (Millions) |
194 |
| Employees |
65 |
| Revenues (TTM) (Millions $) |
4 |
| Net Income (TTM) (Millions $) |
-49 |
| Cash Flow (TTM) (Millions $) |
0 |
| Capital Exp. (TTM) (Millions $) |
5 |
Business Description
Ocean Power Technologies Inc. (OPT) is a renewable energy company that specializes in harnessing the power of ocean waves to generate electricity. The company develops and manufactures proprietary systems, including their flagship product, the PowerBuoy, which converts the mechanical energy of ocean waves into electrical power.
These innovative devices are designed to be scalable and deployable in various ocean environments, providing a sustainable and clean energy solution. OPT's systems are primarily used for applications such as remote power, offshore oil and gas operations, seawater desalination, and data monitoring.
With a focus on technology advancement and cost efficiency, OPT aims to provide reliable and commercially viable wave energy solutions. Through partnerships and collaborations with government agencies, universities, and industry players, the company continues to research and develop new technologies to maximize the potential of ocean wave power.
Company Address: 28 ENGELHARD DRIVE MONROE TOWNSHIP 8831 NJ
Company Phone Number: 730-0400 Stock Exchange / Ticker: NYSEAMER OPTT
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