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Ocean Power Technologies, Inc. Message Board

  • jim6b jim6b Dec 22, 2011 10:32 PM Flag

    The Ripple effect of Navy's termination.

    Have to wonder how far the ripple effect from the Navy's termination of its PowerBuoy project will spread.

    For years OPTT relied on its Navy relation as a source of credibility. Now that the Navy has terminated its PowerBuoy project the ripple effect could be considerable.

    Could it have an effect on the Oregon project which is public review? Don't know but, it could surely intensified scrutiny.

    And what effect could it have on likely future funding. OPTT is running out of cash and has no funds to develop the Oregon project. The Navy's absence could impact the company's ability to raise those funds.

    The Navy termination is a big splash and the ripples will spread.

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