Mikros Systems and Ocean Power Technologies successfully completed an engineering study that proves small PowerBuoys(R) can generate sufficient energy from wind waves and low sea states. Both companies invested their own funds to design, build, and demonstrate in the ocean a prototype buoy based on the results of the study. The power output from this prototype exceeded the design goals of the project.
PowerBuoys(R) have the advantage of longer life in the water over those powered by batteries or diesel generators, in that they require less maintenance and do not need to be refueled periodically.
The company plans to market this new product, together with Ocean Power
Technologies, to the US Navy, Coast Guard, and Department of Homeland
Security. The company will exhibit the buoy at the Office of Naval Research
Science and Technology Partnership Conference at the Wardman Park Hotel in
'This exposure to corporate and government executives provides us with a
tremendous opportunity to showcase this new and original technology,' said
About Mikros
Mikros Systems Corporation is an advanced technology company specializing in the research and development of electronic systems technology primarily for military applications. Classified by the U.S. Department of Defense as a small business, its capabilities include technology management, electronic systems engineering and integration, radar systems engineering, combat/command, control, communications, computers and intelligence systems engineering, and communications engineering. Mikros' primary business is to pursue and obtain contracts from the Department of Homeland Security, U.S. Navy, and other governmental authorities. For more information on Mikros visit: www.mikros.us
About Ocean Power Technologies
Ocean Power Technologies (Nasdaq: OPTT) (London Stock Exchange AIM: OPT)
is a pioneer in wave-energy technology that harnesses ocean wave resources to
generate reliable, clean, and environmentally-beneficial electricity. OPT has
a strong track record in harnessing wave energy and participates in a
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factors include, but are not limited to, changes in business conditions,
changes in our sales strategy and product development plans, changes in the
marketplace, continued services of our executive management team, our limited
marketing experience, competition between us and other companies seeking SBIR
grants, competitive pricing pressures, market acceptance of our products under
development, delays in the development of products, statements of assumption
underlying any of the foregoing, and other factors disclosed in our annual
report on Form 10-KSB for the year ended
SOURCE Mikros Systems Corporation