Ocean Power Technologies Completes Long Term Testing Of Next Generation PowerBuoy; The System Maintained 100% Data Uptime And The State Of Charge Of The Batteries Remained Over 90% Throughout The Deployment
Portfolio Pulse from Benzinga Newsdesk
Ocean Power Technologies (NYSE:OPTT) successfully completed long-term testing of its Next Generation PowerBuoy, achieving 100% data uptime and maintaining battery charge over 90%. The testing included Intelligence, Surveillance, and Reconnaissance demonstrations.
September 05, 2024 | 12:08 pm
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Ocean Power Technologies completed successful testing of its Next Generation PowerBuoy, maintaining 100% data uptime and over 90% battery charge. This demonstrates the reliability and efficiency of their technology, potentially attracting new customers.
The successful testing of the Next Generation PowerBuoy with high data uptime and battery efficiency showcases the reliability of OPTT's technology. This could lead to increased interest from potential customers, positively impacting the stock price.
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