Ocean Power Technologies Announces the Deployment of Its First Commercially Designed PB3 PowerBuoy®

PENNINGTON, N.J., July 14, 2016 - Ocean Power Technologies, Inc. (OPTT) (“OPT” or the “Company”) announced today the deployment of its commercial design of the PB3 PowerBuoy® approximately four miles off of the coast of New Jersey.  The commercial PB3 incorporates multiple enhancements over early prototypes including a redesigned power take-off (“PTO”), a high-capacity, modular energy storage system (“ESS”) providing flexibility through expanded battery capacity, a higher voltage and efficient power management and distribution system, and a new auto-ballasting system which the Company believes allows for faster and less costly deployment. 
 
George H. Kirby, President and Chief Executive Officer of OPT, stated, “We are delighted to announce that we now have two PB3 PowerBuoys deployed off of the coast of New Jersey, with one of them being our anticipated commercial PB3 product offering.  This deployment of our PB3 represents what we expect will be the final validation step prior to release of the product to our target customers and markets. 
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Ocean Power Technologies Enters Into First Commercial PB3 Agreement with Mitsui Engineering and Shipbuilding

PENNINGTON, N.J., June 01, 2016 -- Ocean Power Technologies, Inc.(OPTT) (“OPT” or “the Company”) announced today that the Company has entered into a PB3 PowerBuoy® lease agreement (“Agreement”) with Mitsui Engineering and Shipbuilding (“MES”), which is valued at approximately $975,000. The PB3 PowerBuoy leased by MES is planned to be deployed off Kozu-island in Japan following a planned stage gate review.  Under the Agreement, OPT will also provide engineering support, associated deployment planning and logistics and ocean performance data collection and analysis. OPT and MES will also jointly develop and test an advanced control algorithm with the goal of assessing increased ocean wave energy capture and electric power generation for potential customers in Japan and surrounding countries. Work on the project began in March 2016 following the signing of a letter of intent by OPT and MES.
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Cadiz Valley Water Project Approved

Santa Margarita Water District Board votes to certify Final Environmental Impact Report

Project will create reliable Southern California water supply and local jobs and investment

Cadiz Inc. (CDZI) is pleased to announce that the Santa Margarita Water District (“SMWD”) Board of Directors voted unanimously to certify the Final Environmental Impact Report ("Final EIR") for the Cadiz Valley Water Conservation, Recovery and Storage Project (“Project”) and approve the Project’s Groundwater Management, Monitoring and Mitigation Plan (“GMMMP”) and Purchase and Sale Agreement, which outlines terms for their participation in the Project. These actions follow a nearly 18-month environmental review and represent significant milestones for the Project.

Read more: Cadiz Inc ( CDZI )

New York NY- May 8,  2012 – Investorideas.com, a leader in sector research including water stocks and energy stocks ,  showcases Oceanic Environmental Solutions (OES),  a private Canadian company focused on bringing water remediation solutions to oil and gas markets for produced water and frac water treatment .   

 Oceanic Technologies 

In both retrofit and stand alone situations OES technology can be applied to address a wide range of needs in the remediation process

 Enhanced Skim Oil Recoveries"– better recoveries at the “skim oil” stage mean higher profit for the client and reduces the burden on downstream treatment.

Read more: Water Remediation Solutions Company Oceanic Environmental Solutions; Addressing Produced Water and...

New York NY-April13, 2012 – ( Investorideas.com water stocks newswire ) Investorideas.com, a leader in sector research including water stocks issues a trading alert for water stock Primo Water Corporation (NasdaqGM :PRMW), trading at $2.07, up 0.47(29.53%) 10:46AM EDT on over 2.4 Million shares. Primo is the top percentage gainer on NASDAQ in the morning session.

  The Company reported today it has received a commitment from a senior lender to enter into a new long-term $20 million senior revolving credit facility. Also, the Company expects to close a term loan for up to an additional $15 million with a separate lender, secured by certain fixed assets of the Company.

Read more: Water Stocks Investor Alert: Primo Water (PRMW) Top Gainer on NASDAQ in Morning Trading

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