Ocean Power has shipped for prompt delivery multiple WAM-Vs on a previously announced sole source contract to a Department of the US Government. Delivery of the vehicles leads to revenue recognition. Due to the sensitive nature of this relationship, terms have not been disclosed.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OPTT:
- Ocean Power signs MOU with Servico Nacional de Aprendizagem Industrial in Brazil
- Options Volatility and Implied Earnings Moves Today, September 16, 2024
- Options Volatility and Implied Earnings Moves This Week, September 16 – September 19, 2024
- Ocean Power awarded $1M contract for Project Overmatch MAPG
- Ocean Power completes Merrows PowerBuoy for delivery to Middle East