Stock Market & Financial Investment News

News Breaks September 4, 2012 07:04 EDT OPTT Ocean Power enters into agreement with U.S. Department of Homeland Security Ocean Power Technologies announced that it has entered into a Cooperative Research and Development Agreement with the U.S. Department of Homeland Security Science & Technology Directorate to perform a new round of in-ocean tests on its Autonomous PowerBuoy to further demonstrate its use for ocean surveillance. Specifically, the DHS S&T Borders and Maritime Security Division will collaborate with OPT to demonstrate the effectiveness of its long duration maritime vessel detection platform. This will involve the redeployment of an APB-350 Autonomous PowerBuoy off the coast of New Jersey, where previous work through the U.S. Navy's Littoral Expeditionary Autonomous PowerBuoy program last year produced extremely positive results, including higher-than- predicted power harvesting capability and survivability during Hurricane Irene and its 50-foot high waves. News For OPTT From The Last 14 Days Check below for free stories on OPTT the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. There are no results for OPTT Sign up for a free trial to see the rest of the stories you've been missing.