Brief: Ocean Power Technologies Announces Action Plan To Achieve Profitability In Calendar Year 2025
14/11/2023 21:25
Nov 14 (Reuters) - Ocean Power Technologies Inc
OPTT.A :
* OCEAN POWER TECHNOLOGIES ANNOUNCES ACTION PLAN TO ACHIEVE
PROFITABILITY IN CALENDAR YEAR 2025
* OCEAN POWER TECHNOLOGIES INC- DIVESTS CONSULTING TEAM AND
ADDS
CHIEF COMMERCIAL OFFICER
* OCEAN POWER TECHNOLOGIES INC- HAS DIVESTED ITS STRATEGIC
CONSULTING TEAM
* OCEAN POWER TECHNOLOGIES- RECENT ACHIEVEMENTS IN RESEARCH
AND
DEVELOPMENT ENABLED ADDITIONAL REALLOCATION OF HEADCOUNT AND A
MATERIAL REDUCTION IN THIRD-PARTY EXPENDITURE
* OCEAN POWER TECHNOLOGIES INC- MORE THAN 50% OF OPT'S
EMPLOYEES
ARE NOW DEDICATED TO CUSTOMER DELIVERY
Source text for Eikon: ID:nBwjGvmSa
Further company coverage: OPTT.A
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