3 days ago
Ocean Power Technologies Inc (NYSE-A:OPTT) CEO Philipp Stratmann talked with Proactive about the company's acquisition of the subsea wave power generating intellectual property portfolio from Columbia Wave Power, recent financial results and how the business is expanding its capabilities from surface maritime operations to seabed infrastructure.
Proactive: Welcome back inside our Proactive newsroom. Joining me now is Philipp Stratmann, CEO of Ocean Power Technologies. Philipp, it's great to see you again. How are you doing?
Philipp Stratmann: I'm doing well. It's good to be on again.
You recently reported your financial results and also completed an acquisition. Tell us about the acquisition.
We acquired the subsea wave power generating IP portfolio from Columbia Wave Power. We've been focused on surface maritime domain awareness and maritime dominance, but this acquisition helps us extend our offering from the surface down to the seabed. As experts in maritime power generation at a non-grid-connected scale, it completes an important part of our overall solution.
#power #philipp #stratmann #ocean
Proactive: Welcome back inside our Proactive newsroom. Joining me now is Philipp Stratmann, CEO of Ocean Power Technologies. Philipp, it's great to see you again. How are you doing?
Philipp Stratmann: I'm doing well. It's good to be on again.
You recently reported your financial results and also completed an acquisition. Tell us about the acquisition.
We acquired the subsea wave power generating IP portfolio from Columbia Wave Power. We've been focused on surface maritime domain awareness and maritime dominance, but this acquisition helps us extend our offering from the surface down to the seabed. As experts in maritime power generation at a non-grid-connected scale, it completes an important part of our overall solution.
#power #philipp #stratmann #ocean
