OPT Announces 4Q Results
Ocean Power Technologies, Inc. (Nasdaq: OPTT) announced financial results for its fiscal fourth quarter and year ended April 30, 2011. • Contract backlog increased to a record $8.9 million as of April 30, 2011. This reflects $10.3 million of new orders brought in during fiscal year 2011, including recent US Department of Energy (“DOE”) awards for the PB150 program in Reedsport, Oregon and for development of the next generation PB500 PowerBuoy. • Revenue increased by 31% for the twelve months ended April 30, 2011 compared to fiscal 2010, reflecting orders from the US Navy, DOE and the United Kingdom’s Technology Strategy Board. • Achieved Lloyd’s Register certification for the PB150 PowerBuoy design…
Successful Debut for Incat 112m Catamaran
The Natchan Rera is a breath of fresh air in Japanese sea travel, the new Incat-built high speed ferry’s entry into service on 1st September bringing a completely new concept in ferry travel to those crossing Tsugaru Strait between the islands of Hokkaido and Honshu. The 61-nautical mile run across the Strait takes just 95 minutes, approximately half the time currently taken by conventional ships. While passengers are reaching their destination twice as quickly, Higashi Nihon Ferry is also changing the quality of time passengers spend on board from one of simple transportation to that of a high-class comfortable hospitality-focused experience.
