Ocean Power Technologies Announces Planned Transfer of Nasdaq Listing to NYSE American Stock Exchange
June 08 2021 - 8:30AM
Ocean Power Technologies, Inc. ("OPT" or "the Company")
(NASDAQ: OPTT), a leader in innovative and cost-effective ocean
energy solutions, announced today that it will change its listing
from the Nasdaq Capital Market to the NYSE American stock exchange.
“We are pleased to announce our transfer to the
NYSE American, where we’ll be listed alongside what we consider to
be many of the world’s most forward-thinking companies,” said
George H. Kirby, President and Chief Executive Officer of OPT. "As
OPT’s portfolio of innovative solutions continues to grow, we want
to enhance the visibility of the Company and continue to expand our
investor base moving forward in 2021 and beyond. We believe that
operating as an NYSE American-listed company will help us achieve
these goals.”
The last day of trading on the Nasdaq Capital
Market is expected to be Thursday, June 17, 2021.
OPT expects to commence trading as an NYSE
American-listed company when markets open on Friday, June 18, 2021.
The Company’s common stock will continue to trade under its
existing “OPTT” symbol.
About Ocean Power
TechnologiesHeadquartered in Monroe Township, New Jersey,
OPT aspires to transform the world through durable, innovative, and
cost-effective ocean energy solutions. Its PowerBuoy® solutions
platform provides clean and reliable electric power and real-time
data communications for remote offshore and subsea applications in
markets such as offshore oil and gas, defense and security, science
and research, and communications. To learn more, visit
www.oceanpowertechnologies.com.
Forward-Looking StatementsThis
release may contain forward-looking statements that are within the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. Forward-looking statements are identified by certain
words or phrases such as "may", "will", "aim", "will likely
result", "believe", "expect", "will continue", "anticipate",
"estimate", "intend", "plan", "contemplate", "seek to", "future",
"objective", "goal", "project", "should", "will pursue" and similar
expressions or variations of such expressions. These
forward-looking statements reflect the Company's current
expectations about its future plans and performance. These
forward-looking statements rely on a number of assumptions and
estimates which could be inaccurate and which are subject to risks
and uncertainties. Actual results could vary materially from those
anticipated or expressed in any forward-looking statement made by
the Company. Please refer to the Company's most recent Forms 10-Q
and 10-K and subsequent filings with the U.S. Securities and
Exchange Commission for a further discussion of these risks and
uncertainties. The Company disclaims any obligation or intent to
update the forward-looking statements in order to reflect events or
circumstances after the date of this release.
Contact Information
Investors: 609-730-0400 x401 or InvestorRelations@oceanpowertech.com
Media: 609-730-0400 x402 or MediaRelations@oceanpowertech.com
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