MDAS

Ocean Power Technologies Announces Teaming Agreement with Major International Defense Contractor to Deploy Maritime Domain Awareness Solutions

Retrieved on: 
Tuesday, April 16, 2024
Ocean Power Technologies, Environmental monitoring, MDAS, OPT, Renewable energy

This alliance is set to advance maritime domain awareness through OPT's innovative Maritime Domain Awareness Solution (MDAS).

Key Points: 
  • This alliance is set to advance maritime domain awareness through OPT's innovative Maritime Domain Awareness Solution (MDAS).
  • Under the terms of the agreement, the defense contractor will have exclusive rights to provide OPT's MDAS solution within certain international geographic regions.
  • Mr. Philipp Stratmann, CEO and President of Ocean Power Technologies, expressed enthusiasm about the alliance, stating, "We are thrilled to join forces with a major international defense contractor to provide our Merrows suite of solutions to certain international regions.
  • For more information about Ocean Power Technologies and its Maritime Domain Awareness Solution, visit www.OceanPowerTechnologies.com .

Ocean Power Technologies, Inc. Announces Third Quarter Fiscal 2024 Results

Retrieved on: 
Wednesday, March 13, 2024
Transfer, Government, Conference, Letter, Net, Growth, OPT, CFO, Intelligence, Shareholder, Telephone, MDAS, Research, NOL, Controller, Carbon, Build automation, Ocean Power Technologies, Investment, AT&T, Primary energy, Court, Engineering

MONROE TOWNSHIP, N.J., March 13, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), today announced financial results for its fiscal third quarter ended January 31, 2024 (“Q324”), including year over year revenue, gross profit, and pipeline growth.

Key Points: 
  • MONROE TOWNSHIP, N.J., March 13, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), today announced financial results for its fiscal third quarter ended January 31, 2024 (“Q324”), including year over year revenue, gross profit, and pipeline growth.
  • The gross margin rate was 49.7% and 21.1%, for the nine months ended January 31, 2024, and 2023, respectively.
  • In February 2024, the Company received multiple orders for fully integrated WAM-V Unmanned Surface Vehicles (USVs) totaling over $1.25 million.
  • Operating expenses were $8.6 million in Q324, materially in-line with the second quarter of fiscal 2024 from and up from $6.8 million in Q323.

Ocean Power Technologies Receives Funding for AT&T 5G-Enabled PowerBuoy® Deployment in Monterey Bay

Retrieved on: 
Wednesday, February 14, 2024
MDAS, Sea, NPS, Ocean Power Technologies, Communication, OPT, AT&T, Slave & Otis, Renewable energy

This deployment marks a significant milestone in maritime technology, showcasing the potential of standalone at-sea infrastructure nodes to support the Joint Force's diverse operational needs.

Key Points: 
  • This deployment marks a significant milestone in maritime technology, showcasing the potential of standalone at-sea infrastructure nodes to support the Joint Force's diverse operational needs.
  • Furthermore, this deployment signifies the first installation of AT&T cellular technology on one of OPT's commercially proven ocean buoys.
  • Philipp Stratmann, CEO of Ocean Power Technologies, commented on this significant collaboration: "We are excited to see our PowerBuoy® technology being used in such a groundbreaking way.
  • For more information about Ocean Power Technologies and their innovative solutions, please visit our website: Ocean Power Technologies

CURAE Appoints Gary Johnson as New Chief Growth Officer

Retrieved on: 
Thursday, November 16, 2023
MDAS, Marketing, Growth, Acquisition, Patient, Supply chain, RCM, R1 RCM, IPO, MedAssets, Software as a service, Pharmaceutical industry, Fine chemical, Management

ATLANTA, Nov. 16, 2023 /PRNewswire-PRWeb/ -- CURAE, recognized as one of the leading innovators in healthcare patient financial advocacy, is excited to announce that Gary Johnson has joined the CURAE team as the new Chief Growth Officer. This strategic appointment underscores CURAE's commitment to accelerating its growth and enhancing its offerings in the healthcare sector.

Key Points: 
  • CURAE, a leader in healthcare patient financial advocacy, has appointed Gary Johnson as its new Chief Growth Officer.
  • ATLANTA, Nov. 16, 2023 /PRNewswire-PRWeb/ -- CURAE, recognized as one of the leading innovators in healthcare patient financial advocacy, is excited to announce that Gary Johnson has joined the CURAE team as the new Chief Growth Officer.
  • This strategic appointment underscores CURAE's commitment to accelerating its growth and enhancing its offerings in the healthcare sector.
  • "I am truly excited to join the CURAE team," said Gary Johnson.

Ocean Power Technologies, Inc. Announces Fourth Quarter Fiscal 2023 Results

Retrieved on: 
Wednesday, July 12, 2023
U.S. Department of Energy, Office of Inspector General, International Maritime Rescue Federation, Astronomical survey, OPT, U.S. Navy Diving Manual, U.S. Department of Defense Strategy for Operating in Cyberspace, DHS Science and Technology Directorate, Marketing, Controller, National Oceanic and Atmospheric Administration, SBIR, Telephone, MAR, Disclosure, Initiative, Estonian Academy of Security Sciences, National Ocean Service, Ocean Power Technologies, DOE, Sale, NOAA, Motion, Acquisition, USV, MDAS, Data as a service, Investment, Data, Unmanned surface vehicle, CFO, Cyclone, Growth, Government, NYSE, Conference, Video game, Shipbuilding, Health care, Computer data storage, Life insurance, Cryptocurrency, Internet service provider

MONROE TOWNSHIP, N.J., July 12, 2023 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), today announced financial results for its fiscal fourth quarter (“4Q23”) and full-year ended April 30, 2023 (“FY23”).

Key Points: 
  • MONROE TOWNSHIP, N.J., July 12, 2023 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), today announced financial results for its fiscal fourth quarter (“4Q23”) and full-year ended April 30, 2023 (“FY23”).
  • Highlights include:
    Total orders for the 4Q23 were $2.3 million, as compared to $0.7 million for the fourth quarter ended April 30, 2022 (“4Q22”).
  • As announced on June 15, 2023, a conference call to discuss OPT’s financial results will be held tomorrow morning, Thursday, July 13, 2023, at 9:00 a.m. Eastern time.
  • Call Replay: Will be available by telephone approximately two hours after the call's completion until August 13, 2023.

ProFunds Chooses SS&C for Bitcoin Mutual Fund Risk Management

Retrieved on: 
Thursday, February 3, 2022
Bitcoin, SS&C, Profundal zone, CDS, ProShares, Technology, Risk management, General manager, Compliance, SS, Accounting, MDAS, Security (finance), ETF, Multimedia, U.S. Securities and Exchange Commission, Software, Cryptocurrency

BTCFX is the first publicly available U.S. mutual fund whose investment results generally correspond to the performance of bitcoin, before fees and expenses.

Key Points: 
  • BTCFX is the first publicly available U.S. mutual fund whose investment results generally correspond to the performance of bitcoin, before fees and expenses.
  • "We were looking for a risk analytics partner to help us develop a robust risk analytics model for 18f-4 compliance for the ProShares Bitcoin Strategy ETF and Bitcoin Strategy ProFund," said Ramesh Babu, Chief Technology Officer, ProShare Advisors.
  • The rule requires registered fund providers to perform risk calculations for derivatives instruments starting in 2022.
  • "We are pleased to partner with ProFunds in the launch of the first-ever U.S. mutual fund focused on bitcoin," said Mina Wallace, General Manager of SS&C Algorithmics.