March 19, 2018 / 2:48 PM / 4 months ago

BRIEF-Ocean Power Technologies Signs Agreement With Eni To Provide PB3 PowerBuoy For Subsea Oil And Gas Operations

March 19 (Reuters) - Ocean Power Technologies Inc:

* OCEAN POWER TECHNOLOGIES SIGNS AGREEMENT WITH ENI S.P.A. TO PROVIDE PB3 POWERBUOY™ FOR SUBSEA OIL AND GAS OPERATIONS

* OCEAN POWER TECHNOLOGIES INC - DEAL PROVIDES FOR MINIMUM 24-MONTH CONTRACT THAT INCLUDES 18-MONTH PB3 POWERBUOY LEASE & ASSOCIATED PROJECT MANAGEMENT​

* OCEAN POWER TECHNOLOGIES INC - ‍PROJECT IS EXPECTED TO COMMENCE IN MARCH 2018​ Source text for Eikon: Further company coverage:

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