Item 8.01. Other Events.
On February 27, 2020, Ocean Power Technologies, Inc. (the "Company") issued a
press release announcing that the prototype for its newest product, the hybrid
PowerBuoy®, is in production at its New Jersey facility. A copy of the press
release is furnished as Exhibit 99.1 to this report and is incorporated herein
by reference.
On February 28, 2020, the Company issued a press release announcing the signing
of a letter of intent with Taiwan-based BAP Precision, Inc. ("BAP") to provide
PowerBuoy® joint surveillance solutions for government agency contract pursuits
for policing territorial waters. A copy of the press release is furnished as
Exhibit 99.2 to this report and is incorporated.
Item 9.01 Financial Statements and Exhibits.
Exhibit Number Description
*99.1 Press release dated February 27, 2020 regarding the announcement that the
prototype for the Company's newest product, the hybrid PowerBuoy®, is in
production at its New Jersey facility.
*99.2 Press release dated February 28, 2020 regarding the announcement of the
signing of a letter of intent with Taiwan-based BAP Precision, Inc. ("BAP")
to provide PowerBuoy® joint surveillance solutions for government agency
contract pursuits for policing territorial waters.
*Furnished herewith.
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