Ancora Holdings Builds $200M Stake in Warner Bros Discovery, Targets Netflix Asset Sale Plan 
Samsung Electronics Sees Sustained AI-Driven Demand for Memory Chips Into Next Year 
Canadian Airlines Suspend Cuba Flights Amid Jet Fuel Shortage and U.S. Sanctions 
Russia Signals Further Restrictions on Telegram Amid Ongoing Regulatory Disputes 
SMIC Shares Slide Despite Strong AI-Driven Earnings as Margin Pressure Looms 
Lyft Shares Slide After Weak Q1 Profit Forecast and Surprise 2025 Operating Loss 
Taiwan Says Moving 40% of Semiconductor Production to the U.S. Is Impossible 
Alphabet Plans Rare 100-Year Sterling Bond to Fund AI Expansion 
Samsung Electronics Shares Jump on HBM4 Mass Production Report 
Cloudflare Forecasts Strong Revenue Growth as AI Fuels Cloud Services Demand 
Treasury Wine Estates Shares Surge After U.S. Dispute Settlement and Earnings Upgrade 
SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision 
Macquarie Group Shares Jump as Third-Quarter Trading Conditions Improve Across Key Units 
Ralph Lauren Unveils Elegant Fall 2026 Women’s Collection Ahead of New York Fashion Week 
Standard Chartered Names Peter Burrill as Interim Group CFO Following Diego De Giorgi’s Exit 
Innovent Biologics Shares Rally on New Eli Lilly Oncology and Immunology Deal 
FDA Rejects Review of Moderna’s Flu Vaccine Application, Shares Slide 
MONROE TOWNSHIP, N.J., Dec. 19, 2017 -- Ocean Power Technologies, Inc. (Nasdaq:OPTT) today announced it has completed the relocation of its corporate headquarters and manufacturing operations, effective December 18, 2017. The expanded facility is located at 28 Engelhard Drive in Monroe Township, New Jersey, approximately 40 miles southwest of New York City.
|
|||||
“We are excited to have moved into our expanded facility. The new location will help enable our future growth and support for customers around the world. It enhances our manufacturing capabilities and advances our safety and quality programs. This new location also provides us the ability to scale the business by continuing to grow our manufacturing, sales and marketing teams to drive business development,” said George Kirby, President and CEO of Ocean Power Technologies.
“The move to the new location is an important step for our company, our customers and our employees, and it has come at the right time to address what we believe is increased demand for our products and services. We are prepared to welcome guests from around the world to better acquaint them with our business and technology and this new campus will allow for manufacturing of multiple buoys in a highly technical space. We will be able to hire the best and brightest talent from a surrounding area that is home to more scientists and engineers per square mile than anywhere in the country. This relocation is certainly a key milestone for Ocean Power Technologies,” Kirby added.
About Ocean Power Technologies
Headquartered in New Jersey, Ocean Power Technologies (Nasdaq:OPTT) is a pioneer in renewable wave-energy technology that converts ocean wave energy into electricity. OPT has developed and is seeking to commercialize its proprietary PowerBuoy technology, which is based on a modular design and has undergone periodic ocean testing since 1997. OPT specializes in designing cost-effective, and environmentally sound ocean wave based power generation and management technology.
For additional information:
www.oceanpowertechnologies.com
https://www.facebook.com/oceanpowertechnologies/?ref=bookmarks
https://www.linkedin.com/company/413774/
https://twitter.com/OceanPowerTech?lang=en
https://www.instagram.com/oceanpowertechnologies/?hl=en
Investor Relations Contact:
Andrew Barwicki
Barwicki Investor Relations Inc.
Phone: 516-662-9461
Media Contact:
Marilyn Vollrath
Reputation Partners LLC
Phone: 414-376-8834
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/a00c865d-46b3-4854-b4d6-6af2a13a168d
