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7xm app download raffle ₱777 Ocean Power Technologies, Inc. ( NYSE: OPTT ) Q2 2025 Earnings Call Transcript December 17, 2024 9:00 AM ET Company Participants Bob Powers - SVP and CFO Philipp Stratmann - President and CEO Conference Call Participants Shawn Severson - Water Tower Research Jeff Grampp - Alliance Global Partners Brian Gordon - Water Tower Research Operator Good morning, and welcome to the Ocean Power Technologies Second Quarter of Fiscal Year 2025 Earnings Conference Call. A webcast of this call is also available and can be accessed via a link on the company's website at www.oceanpowertechnologies.com. This conference call is being recorded and will be available for replay shortly after its completion. On the call today are Dr. Philipp Stratmann, President and Chief Executive Officer; and Bob Powers, Senior Vice President and Chief Financial Officer. Following prepared remarks, there will be a question-and-answer session. I'm now pleased to introduce Bob Powers. Bob Powers Thank you, and good morning. After the market closed yesterday, we issued our earnings press release and filed our quarterly report on Form 10-Q for the period ended October 31, 2024. Our public filings are available on the SEC website and within the Investor Relations section of the OPT website. During this call, we will make forward-looking statements that are within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may include financial projections or other statements of the company's plans, objectives, expectations or intentions. These statements are based on assumptions made by management regarding future circumstances over which the company may have little or no control and involve risks, uncertainties and other factors that may cause actual results to be materially different from any future results expressed or implied by such forward-looking statements. Additional information about these risks and uncertainties can be found in the company's Form 10-K and subsequent filings withPakistan law proposed to transform digital identity system and governance

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Celebrating the Festive Season with PU Prime’s Christmas PromotionBy Marisa Taylor and Joey Roulette WASHINGTON (Reuters) -A September power outage at a California facility of SpaceX, the space venture of billionaire entrepreneur Elon Musk, caused a loss of ground control for at least an hour during a mission that included the first private spacewalk in history, according to three people familiar with the problem. The spacewalk, part of SpaceX's five-day Polaris Dawn mission, was carried out by private astronauts including Jared Isaacman, a fellow billionaire and longtime Musk partner who is now nominated by incoming President Donald Trump to be administrator of the National Aeronautics and Space Administration, or NASA. The outage, which has not previously been reported, meant that SpaceX mission control was briefly unable to command its Dragon spacecraft in orbit, these people said. The vessel, which carried Isaacman and three other SpaceX astronauts, remained safe during the outage and maintained some communication with the ground through the company's Starlink satellite network. "Not having command and control is a big deal," one of the people familiar with the problem told Reuters. "The whole point of having mission operators on the ground is to have the ability to quickly respond if something happens." SpaceX and Musk didn't respond to questions from Reuters about the incident. The outage raises questions about the disclosure of mishaps by private space companies and whether conflicts of interest could mar the ability of NASA and regulators to weigh their significance at a time when key figures from the sector, including Musk and Isaacman, are poised for prominent positions in the upcoming Trump administration. In their proposed roles – Isaacman running NASA, Musk at the helm of a government efficiency commission – both men could have significant sway over agencies that regulate and transact with SpaceX and other private space operators. Reuters couldn't determine whether SpaceX notified the Federal Aviation Administration, which licenses space launches, about the outage. A second person familiar with the incident said SpaceX did notify NASA, particularly because the same type of spacecraft was to be used weeks later in a mission involving NASA astronauts. SpaceX, the person said, told the agency the problem had been resolved quickly and wouldn't be an issue in future missions. NASA officials have said they maintain close contact with SpaceX about its missions because of the agency's frequent work with the company. Spokespeople at NASA didn't respond to Reuters' questions for this story. The FAA in a statement to Reuters did not respond to questions about whether it was notified about the incident, saying it "does not have oversight authority for in-space activities generally nor for commercial human spaceflight." At present, safety standards for private space missions aren't regulated by U.S. law and private operators aren't required to disclose mishaps in orbit because of a moratorium approved by Congress in 2004. The moratorium, designed to protect business interests in the highly competitive sector and renewed periodically by Congress, is criticized by some experts because it limits the ability of regulators to investigate problems that could have implications for the safety and operability of the entire industry. Disclosure is needed "so companies throughout the industry can know what's going on and mitigate or prevent a similar incident," said Douglas Ligor, a senior social scientist at the RAND Corporation, a California-based think tank hired by Congress last year to study the moratorium. Congress is expected to renew the moratorium before its current extension expires in January. The September outage, the people familiar with the problem told Reuters, occurred when a leak in a cooling system atop a SpaceX facility in Hawthorne, California, triggered a power surge. The surge knocked out mission headquarters, disabling the ability of operators to send commands or perform controls that would normally be standard during a spacecraft's mission. The outage also hit servers that host procedures meant to overcome such an outage and hindered SpaceX's ability to transfer mission control to a backup facility in Florida, the people said. Company officials had no paper copies of backup procedures, one of the people added, leaving them unable to respond until power was restored. Reuters couldn't determine the precise timing or duration of the outage. Two of the people familiar with the problem said it happened sometime before the Sept. 12 spacewalk and that at least one hour passed before power was restored. Had mission control remained offline, they said, the astronauts had enough training to control the spacecraft themselves. A month before the Polaris Dawn launch, Musk responded to an Isaacman post about the mission on X, Musk's social media platform. "This is an historic mission," Musk wrote. "Everything possible must be done to ensure astronaut safety." After the spacewalk, the first conducted by astronauts not part of a national space program, the feat was widely hailed as a milestone in commercial space exploration. Since then, Musk has grown increasingly outspoken about government interference in the private sector and touted his plans, as the head of Trump's planned efficiency commission, to slash federal regulations. Reuters reported earlier this week that Trump's transition team wants to scrap car-crash reporting requirements opposed by Tesla, Musk's electric-vehicle company. The efficiency commission's decisions could impact NASA and the FAA, a regulator frequently criticized by Musk and SpaceX as a hindrance. Isaacman, for his part, as NASA administrator would be running an agency that has awarded more than $15 billion in contracts to SpaceX, a company with whom he has had extensive business dealings. In addition to funding two missions in which he has participated as a SpaceX astronaut, Isaacman is the chief executive and controlling shareholder in Shift4 Payments, a technology firm he founded that in turn owns shares in SpaceX, according to regulatory filings. The size of Shift4 Payments' stake in SpaceX at present isn't clear because the Musk venture is privately held and doesn't disclose financial or ownership details. In its 2021 annual report, Shift4 Payments said it had invested more than $27 million by then in SpaceX. Shift4 Payments has also said SpaceX is a client. Shift4 Payments and Isaacman didn't respond to Reuters' requests for comment. In a public statement after Trump announced his NASA nomination earlier this month, Isaacman said he would step down as Shift4 Payments' chief executive if his appointment, which must be confirmed by the Senate, succeeds. He said he would retain most of his company stock, "subject to ethics obligations," but reduce his voting power as a shareholder, according to a copy of the statement filed with the Securities and Exchange Commission. Even if confirmed for the NASA job, Isaacman's extensive links to SpaceX could remain a source of concern for some. If he retains those ties, it "could pose conflicts of interest including with respect to safety," said Cary Coglianese, an expert on public administration and law at the University of Pennsylvania. (Reporting by Marisa Taylor and Joey Roulette; Additional reporting by David French; Editing by Paulo Prada)

WASHINGTON (AP) — President-elect Donald Trump’s allies on Capitol Hill rallied around Pete Hegseth , Trump’s Pentagon pick, on Thursday even as new details surfaced about allegations that he had sexually assaulted a woman in 2017. The GOP embrace of Hegseth came as another controversial Trump nominee, Matt Gaetz, withdrew from consideration for attorney general. Gaetz said it was clear he had become a “distraction" amid pressure on the House to release an ethics report about allegations of his own sexual misconduct. An attorney for two women has said that his clients told House Ethics Committee investigators that Gaetz paid them for sex on multiple occasions beginning in 2017, when Gaetz was a Florida congressman. Fresh questions over the two nominees' pasts, and their treatment of women, arose with Republicans under pressure from Trump and his allies to quickly confirm his Cabinet. At the same time, his transition has so far balked at the vetting and background checks that have traditionally been required. While few Republican senators have publicly criticized any of Trump's nominees, it became clear after Gaetz's withdrawal that many had been harboring private concerns about him. Oklahoma Sen. Markwayne Mullin, who served with Gaetz in the House, said it was a “positive move.” Mississippi Sen. Roger Wicker said it was a “positive development.” Maine Sen. Susan Collins said Gaetz “put country first and I am pleased with his decision.” After meeting with Hegseth, though, Republicans rallied around him. “I think he’s going to be in pretty good shape,” said Wicker, who is expected to chair the Senate Armed Services Committee in the next Congress. Republican senators' careful words, and their early reluctance to publicly question Trump's picks, illustrated not only their fear of retribution from the incoming president but also some of their hopes that the confirmation process can proceed normally, with proper vetting and background checks that could potentially disqualify problematic nominees earlier. Gaetz withdrew after meeting with senators on Wednesday. Sen. Thom Tillis said Gaetz was “in a pressure cooker” when he decided to withdraw, but suggested that it would have little bearing on Trump’s other nominees. “Transactions — one at a time,” he said. As the Hegseth nomination proceeds, Republicans also appear to be betting that they won't face much backlash for publicly setting aside the allegations of sexual misconduct — especially after Trump won election after being found liable for sexual abuse last year. Hegseth held a round of private meetings alongside incoming Vice President JD Vance on Thursday in an attempt to shore up support and told reporters afterward: “The matter was fully investigated and I was completely cleared, and that’s where I’m gonna leave it.” A 22-page police report report made public late Wednesday offered the first detailed account of the allegations against him. A woman told police that she was sexually assaulted in 2017 by Hegseth after he took her phone, blocked the door to a California hotel room and refused to let her leave. The report cited police interviews with the alleged victim, a nurse who treated her, a hotel staffer, another woman at the event and Hegseth. Hegseth’s lawyer, Timothy Palatore, said the incident was “fully investigated and police found the allegations to be false.” Hegseth paid the woman in 2023 as part of a confidential settlement to head off the threat of what he described as a baseless lawsuit, Palatore has said. Wicker played down the allegations against Hegseth, a former Fox News host, saying that “since no charges were brought from the authorities, we only have press reports.” Sen. Bill Hagerty, R-Tenn., said after his meeting with Hegseth that he "shared with him the fact that I was saddened by the attacks that are coming his way.” Hagerty dismissed the allegations as “a he-said, she-said thing” and called it a “shame” that they were being raised at all. The senator said attention should instead be focused on the Defense Department that Hegseth would head. It's one of the most complex parts of the federal government with more than 3 million employees, including military service members and civilians. Sexual assault has been a persistent problem in the military, though Pentagon officials have been cautiously optimistic they are seeing a decline in reported sexual assaults among active-duty service members and the military academies. Wyoming Sen. John Barrasso, who will be the No. 2 Republican in the Senate next year, said after his meeting with Hegseth that the nominee is a strong candidate who “pledged that the Pentagon will focus on strength and hard power – not the current administration’s woke political agenda.” Senate Republicans are under pressure to hold hearings once they take office in January and confirm nominees as soon as Trump is inaugurated, despite questions about whether Trump’s choices will be properly screened or if some, like Hegseth, have enough experience for the job. Senate Armed Services Chairman Jack Reed, who will be the top Democrat on the panel next year, said the reports on Hegseth “emphasized the need for a thorough investigation by the FBI on the background of all the nominees.” It takes a simple majority to approve Cabinet nominations, meaning that if Democrats all opposed a nominee, four Republican senators would also have to defect for any Trump choice to be defeated. Trump has made clear he’s willing to put maximum pressure on Senate Republicans to give him the nominees he wants – even suggesting at one point that they allow him to just appoint his nominees with no Senate votes. But senators insist, for now, that they are not giving up their constitutional power to have a say. “The president has the right to make the nominations that he sees fit, but the Senate also has a responsibility for advice and consent,” said Republican Sen. Mike Rounds of South Dakota. In the case of Gaetz, he said, “I think there was advice offered rather than consent.” Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. Get local news delivered to your inbox!Viral Manchester bakery to stay open on Christmas Day for very special reason

DEAR ABBY: When my son got married in 2003, we had many good times with him and his wife. Things have changed now that we have cellphones. It’s nearly impossible to have a relationship with her because when they come to our home, she’s always on her phone. My son talks to his dad, and I’m left sitting there wondering what I should do. Would you say anything to your daughter-in-law about this? She immediately gets on the phone when she arrives and stays on it most of the time. It wasn’t like this when cellphones weren’t as prolific. It hurts my feelings that she comes all the way to my house only to socialize with her Facebook friends and not us, because we rarely see them. Should I speak up? I don’t want to start trouble and I don’t want to isolate them. I love them, but I think it’s rude that she’s on her phone the whole time they’re here. It makes me feel like I’m not good enough for her to talk to me. I have two other daughters-in-law who may get on their phones occasionally, but not like this one. – Off the Phone in Kentucky DEAR OFF: Of course what your daughter-in-law is doing is rude. It is also insensitive. It won’t stop unless you and your husband say something. When you do, do not couch your message in terms of being “rude.” Instead, tell her it hurts your feelings and gives you the impression that she doesn’t value your company as much as you do hers. It also impedes high-quality visiting. If you express it this way, it may make her less defensive, because it is the truth. DEAR ABBY: My fiance and I have been together for many years. I have never really liked his mother – for valid reasons. She belittles and is disrespectful to her son. The last straw was when she came by two months ago and made a derogatory comment about him to me. (He was not present.) It was false, and I called her out on it. She, of course, had no rebuttal. She is negative even in her personal life and often lies. I talked to my fiance about this, and he does address the issues with her, but not in a way that makes her understand she must either respect him or risk no longer having a relationship with him. She uses others, is two-faced and rarely bathes. I am considering breaking off our engagement at this point. I’m tired of this woman’s lack of respect. Should I walk away from this relationship? – Disgusted and Appalled in the East DEAR DISGUSTED: If your tolerance level has reached its limit, you may have to walk away. However, I do not think you should give your fiance an ultimatum in which he must decide between you and his mother. As obnoxious and odiferous as she is, she is still his mother. I do think you should suggest that he talk with a licensed psychotherapist about his relationship with her. If it is as unhealthy as you have described, he might then, on his own, decide to distance himself from her. Dear Abby is written by Abigail Van Buren, also known as Jeanne Phillips, and was founded by her mother, Pauline Phillips. Contact Dear Abby at www.DearAbby.com or P.O. Box 69440, Los Angeles, CA 90069.

HALIFAX - An investigation into how the Canadian Coast Guard responded to a Nova Scotia vessel in distress two years ago raises questions about why one fisherman died after a towing operation went awry. Read this article for free: Already have an account? To continue reading, please subscribe: * HALIFAX - An investigation into how the Canadian Coast Guard responded to a Nova Scotia vessel in distress two years ago raises questions about why one fisherman died after a towing operation went awry. Read unlimited articles for free today: Already have an account? HALIFAX – An investigation into how the Canadian Coast Guard responded to a Nova Scotia vessel in distress two years ago raises questions about why one fisherman died after a towing operation went awry. In an investigation report released Thursday, the Transportation Safety Board says the fishing boat Mucktown Girl was returning to Canso, N.S., with five crew aboard on March 11, 2022, when it was disabled by electrical problems. The captain called for a tow from the coast guard as a storm was closing in. After a seven-hour voyage, the Canadian Coast Guard Ship Jean Goodwill reached the drifting boat and attached a 300-metre tow line to the smaller vessel’s bollard. But as the weather turned rough, the bollard broke off six hours into the recovery mission. At that point, the decision was made to let the fishing crew ride out the storm aboard the Mucktown Girl rather than attach another tow line that could damage the boat. By 6 a.m. on March 13, wind speeds had reached 70 to 90 kilometres per hour. The waves were as high as 10 metres — twice the height of the fishing boat, which was then taking on water. Crew aboard Jean Goodwill relayed the mayday distress call from the fishing boat, which was 44 kilometres from shore. Minutes later, amid heavy rain and dense fog, the five fishermen donned immersion suits and jumped into a life raft. In response, the coast guard crew lowered a scramble net — a type of rope ladder — over the side of the 77-metre medium icebreaker. But the water was so rough, the net was washed back onto the ship several times. And as the ship rolled in the big swells, two coast guard crew members were injured and a number of others were almost swept overboard. “As a result of the environmental conditions, communications broke down and affected the co-ordination of the (rescue effort),” the report says. At the time, the air temperature was about 12 C, but the water temperature was only 4 C. Four of the fishermen, including the captain, jumped from the life raft into the frothing water and managed to climb the ladder to safety. But the fifth crewman, 35-year-old Jeremy Hart of Windsor Junction, N.S., drifted to the stern of the coast guard ship and disappeared. The father of two boys was pulled from the water five hours later by the crew aboard a Cormorant search and rescue helicopter, but he was later declared dead at a Cape Breton hospital. The report from the independent safety board says there are no Canadian regulations for the towing points on fishing vessels. But the report does not call for any changes, aside from updating the coast guard’s towing waiver, which explains the responsibilities of those involved and the risks. It also calls on the coast guard to provide better guidance for assessing towing operations. “Without specific guidance for assessing the risks to the towed vessel and its crew, the (coast guard) may underestimate risks and tow vessels with crew on board in hazardous conditions, resulting in an increased likelihood of injuries and loss of life,” the report says. More importantly, the report highlights the fact that once the bollard broke, it became clear there were no plans in place to remove the crew from the fishing boat. “Without comprehensive contingency planning for towing disabled vessels, risks to rescuers as well as crews of vessels under tow may be increased,” the report says. The safety board’s investigation found that the coast guard’s search and rescue (SAR) training typically involves the use of small, fast-rescue craft rather than larger vessels like the Jean Goodwill. “There is limited vessel-specific SAR training such as the use of scramble nets,” the report says. “(This) training does not reflect the realistic conditions and equipment in a rescue operation, where factors can change unpredictably. For example, training is carried out in good weather only, and in ... overboard exercises, only one person at a time needs rescue.” As for the scramble net, the report says it was not suitable for the deplorable conditions that faced the coast guard crew in 2022. “Although scramble nets do not have specified restrictions for use, they are difficult to climb in rough conditions,” the board says. “They are also difficult to climb in an immersion suit, even in calm weather, and are not usable if a person is injured or incapacitated.” Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. That’s why the coast guard has already installed a so-called rescue scoop on the Jean Goodwill. The hydraulic device uses an extendable arm to dip a scramble net into the water on its side, allowing the operator to scoop up victims. The device has been used on other coast guard vessels in the past, and the federal agency is looking at acquiring more. “Without emergency drills using realistic scenarios, and their subsequent evaluation, vessel crews may not have the most effective equipment and may not be well prepared to use it in the safest and most effective manner,” the report says. This report by The Canadian Press was first published Nov. 21, 2024. Note to readers: This is a corrected story. An earlier version suggested no changes were recommended in the TSB report on how the coast guard assesses towing risk. In fact, changes were called for in the report. Advertisement AdvertisementU.S. stock indexes edged higher in morning trading Tuesday, as gains for some Big Tech stocks made up for weakness elsewhere in the market. The S&P 500 rose 0.4%. The Dow Jones Industrial Average was up 14 points, or 0.1%, as of 9:58 a.m. Eastern time. The tech-heavy Nasdaq composite was up 0.7%. Gains in technology, financial and other sectors tempered a pullback by health care, energy and other stocks. Chip company Broadcom rose 1.3%, while semiconductor giant Nvidia, whose enormous valuation gives it an outsize influence on indexes, rose 1.2%. American Airlines fell 1.2% after the airline briefly grounded flights nationwide due to a technical issue. U.S. Steel slipped 0.5% a day after an influential government panel failed to reach consensus on the possible national security risks of the nearly $15 billion proposed sale to Nippon Steel of Japan. Treasury yields rose in the bond market. The yield on the 10-year Treasury rose to 4.62% from 4.59% late Monday. European markets were mostly higher. Markets in Asia mostly gained ground. U.S. markets will close at 1 p.m. Eastern and stay closed Wednesday for Christmas. Wall Street has several economic reports to look forward to this week, including a weekly update on unemployment benefits on Thursday.