Ocean power technologies announces action plan to achieve profitability in calendar year 2025

Monroe township, n.j.--(business wire)--ocean power technologies, inc. (“opt” or the “company”) (nyse american: optt), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced several milestones and initiatives it believes will enhance shareholder value, including: opt is divesting its non-core strategic consulting team with its research and development phase substantially completed, the company now expects to achieve profitability in calen.
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