Ocean Power Technologies Secures Orders Exceeding $1.25 Million for Fully Integrated WAM-V Unmanned Surface Vehicles

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MONROE TOWNSHIP, N.J., Feb. 12, 2024 (GLOBE NEWSWIRE) — Ocean Power Technologies, Inc. (NYSE:OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced it has received multiple orders for fully integrated WAM-V Unmanned Surface Vehicles (USVs) totaling over $1.25 million. These orders underscore the growing demand for OPT’s advanced marine technologies and their applications in maritime surveillance, environmental monitoring, and ocean data collection.

The WAM-V USV is at the forefront of maritime innovation, designed for superior performance in various ocean conditions. Its versatility and reliability make it an ideal choice for a wide range of marine applications, from data collection and security surveillance to environmental monitoring.

Philipp Stratmann, President, and CEO of Ocean Power Technologies expressed his enthusiasm for this significant achievement: “We are incredibly proud to see the heightened interest and trust in our WAM-V technology from clients across the globe. This achievement is a testament to …

Full story available on Benzinga.com


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