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Ocean Power Technologies Awarded $2.6 Million Contract by Mitsui Engineering & ...

2013-10-31 06:00:00| Industrial Newsroom - All News for Today

PENNINGTON, N.J. &ndash; Ocean Power Technologies, Inc. (Nasdaq:OPTT) ("OPT" or "the Company") today announced that the Company has received a $2.6 million contract from Mitsui Engineering & Shipbuilding Co., Ltd. ("MES") to provide the final design and supply of key components of a PowerBuoy system intended for deployment off the coast of Japan to demonstrate its utility application in local sea conditions.<br /> <br /> This follows work performed under a previously-announced contract for ...This story is related to the following:Mechanical Power TransmissionTransportation Industry ProductsShip Booms, Masts & Spars | Contract Manufacturing |

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