Ocean Power Technologies (OPTT -60.2%) and Acteon Field Life Service Ltd have entered a non-exclusive MOU to develop, explore and exploit mutual opportunities in the global oil and gas and renewable markets.
George H. Kirby, President and CEO: “We see a strong potential in this collaboration, where OPT’s PowerBuoy® products and services and Acteon’s integrated subsea services and solutions, coupled with its global network of facilities, personnel and market positioning, can provide significant value to our customers.”
Previously: Ocean Power gives back gains after $15M public offering (April 4)
Now read: Stolt-Nielsen +6.1% post Q1 results »
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