Long
OPTT Long - Possible Continuation
Updated
Marine power solutions provider. Offering a complete marine energy harvesting ecosystem with marine surveillance solution. New customers and partnerships added in 2020, and a solid long-term goal with clear objectives.
Products and Solutions
PB3 PowerBouy / Hybrid PowerBouy
Subsea Battery
Marine Surveillance Solution
Customers
● In November 2020, the Company entered into an agreement with the Offshore Operators Committee (“OOC”) under which the Company will provide engineering and technical services for a new project under the DeepStar Global Technology Consortium Program
● In October 2020, the Company entered into an agreement with Adams Communication & Engineering Technology, Inc. to conduct a feasibility study for the evaluation of a PB3 PowerBuoy® power and 5G communications solution in support of the U.S. Navy’s Naval Postgraduate School’s SLAMR.
Partnerships
● In June 2020, we signed a memorandum of understanding with Mackay Marine, a division of Mackay Communications, Inc., to further optimize our Marine Surveillance System payload for both the PB3 and hybrid PowerBuoy®. Mackay Marine manufacturers and supplies a wide variety of technically advanced equipment for commercial, military, and personal marine applications.
● In February 2020, we signed a letter of intent with Taiwan-based BAP Precision, Inc. (“BAP”) to provide PowerBuoy® joint surveillance solutions for government agency contract pursuits for policing territorial waters.
We continue to commercialize our products and solutions for use in remote offshore power and real-time data communications applications, and in order to achieve this goal, we are pursuing the following business objectives:
Products and Solutions
PB3 PowerBouy / Hybrid PowerBouy
Subsea Battery
Marine Surveillance Solution
Customers
● In November 2020, the Company entered into an agreement with the Offshore Operators Committee (“OOC”) under which the Company will provide engineering and technical services for a new project under the DeepStar Global Technology Consortium Program
● In October 2020, the Company entered into an agreement with Adams Communication & Engineering Technology, Inc. to conduct a feasibility study for the evaluation of a PB3 PowerBuoy® power and 5G communications solution in support of the U.S. Navy’s Naval Postgraduate School’s SLAMR.
Partnerships
● In June 2020, we signed a memorandum of understanding with Mackay Marine, a division of Mackay Communications, Inc., to further optimize our Marine Surveillance System payload for both the PB3 and hybrid PowerBuoy®. Mackay Marine manufacturers and supplies a wide variety of technically advanced equipment for commercial, military, and personal marine applications.
● In February 2020, we signed a letter of intent with Taiwan-based BAP Precision, Inc. (“BAP”) to provide PowerBuoy® joint surveillance solutions for government agency contract pursuits for policing territorial waters.
We continue to commercialize our products and solutions for use in remote offshore power and real-time data communications applications, and in order to achieve this goal, we are pursuing the following business objectives:
- Integrated turn-key solutions sales or leases incorporating our products and services.
- Expand customer system solution offerings through new complementary products that enable shorter and more cost-efficient deployments
- Concentrate sales and marketing efforts in specific geographic markets
- Expand our relationships in key market areas through strategic partnerships and collaborations
- Outsourcing of fabrication, deployment and service support.
- Cost reduction and solution development.
Trade active
Broad market sell-off continued on Monday, price wicked through the bottom trend line support but quickly recovered creating a Bullish daily hammer candle. RSI showing less momentum to the downside. Current average $4.80Note
False break on the bullish hammer candle, but price is still holding the lower trend line on very weak volume. Reversal Doji on 2-26 Daily or a possible bullish Harami Cross 2-25 and 2-26. Uptrend is still valid as 12EMA still above 50EMA. RSI bounced near support looking to break the midline to the upside. Current Average $4.80Note
New patent issued today 3-2 titled “ Electric power generation and storage buoy ”Note
During another heavy market sell off the daily uptrend is broken as EMAs cross on 3/4, price breaks through lower demand area on increasing volume, and RSI fails to hold support. Q3 ER missed revenue by 50%. Sold some of this position for a loss and lowered my average to $4.55. Holding the rest of my position and will add when a new uptrend is confirmed. Still Bullish long term.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.