Business Context and Reporting Period
Company: Ocean Power Technologies, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: June 20, 2019
Reporting Period: Single event date (June 20, 2019)
This filing reports a specific corporate event regarding intellectual property rather than a standard financial reporting period.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a non-financial operational milestone.
Material Changes
Intellectual Property Acquisition: On June 20, 2019, the Company received a new U.S. patent for its Power Take-Off (PTO) System. This system is described as the mechanical heart of the PB3 PowerBuoy®.
Guidance, Outlook, and Risks
Management Commentary: The filing incorporates a press release (Exhibit 99.1) announcing the patent award. No specific financial guidance, future outlook, or risk factors are detailed within the text of this 8-K.
Investor Verification Checklist
- Verify the specific patent number and scope of protection for the PTO System in the attached press release (Exhibit 99.1).
- Confirm the commercial status and deployment timeline of the PB3 PowerBuoy® utilizing this patented technology.
- Review recent 10-Q or 10-K filings for the most current financial position, as this 8-K contains no financial data.