Company
Ocean Power Technologies Inc
NYSEAMERICAN:OPTT
Ocean Power Technologies provides intelligent maritime solutions and services that enable safer, cleaner, and more productive ocean operations for defense and security, oil and gas, science and research, and offshore wind markets. The company's flagship technology, the PowerBuoy® platform, generates clean and reliable electric power by harnessing renewable energy from ocean waves, offering power and real-time data communications for remote maritime and subsea applications.
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Ocean Power Technologies responds to threat of proxy contest from Paragon Tachnologies
“We believe Paragon is seeking to advance a self-interested agenda, to the detriment of all other OPT shareholders,” the company said