Ocean Power Technologies completes unmanned surface vehicle for Latin America customer
Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has completed the build of an unmanned surface vehicle for a survey customer in Latin America. The provider of intelligent maritime solutions said the delivery of this vehicle of part of its previously announced expansion into the region, working with end customers and resellers.
Ocean Power Technologies wraps up long-term PowerBuoy deployment off New Jersey coast
Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has completed more than four months of offshore testing of its Next Generation PowerBuoy in the Atlantic Ocean off New Jersey. The PowerBuoy is solar and wind power capable and equipped with the company's proprietary AI-enabled ocean intelligence platform Merrows.
Ocean Power Technologies secures new contract with Naval Postgraduate School to enhance maritime awareness
Ocean Power Technologies Inc (NYSE-A:OPTT) announced it has secured another contract from the Naval Postgraduate School (NPS) in Monterey, California. This revenue-generating contract builds on a previous collaboration that integrated AT&T 5G technology into OPT's PowerBuoy.
Ocean Power Technologies CEO recaps busy summer of milestone achievements - ICYMI
Ocean Power Technologies Inc (NYSE-A:OPTT) CEO Phillip Stratmann joined Proactive to discuss the provider of intelligent maritime solutions and services' recent global expansion and other developments. He highlighted the company's ongoing projects in key regions such as the Middle East and Latin America, where demand for their advanced buoy systems and autonomous vehicles continues to grow.
Ocean Power Technologies expands global footprint with new reseller agreements
Ocean Power Technologies Inc (NYSE-A:OPTT) announced it has signed four new reseller agreements for its intelligent maritime solutions which will support global critical services. The company said the agreements include opportunities for partnering with allied nations in areas such as the South China Sea and previously announced efforts to serve commercial markets in Latin America and the Middle East.
Ocean Power Technologies files patent for docking and recharging buoy technology
Ocean Power Technologies Inc (NYSE-A:OPTT) announced it has filed a patent for its docking and recharging buoy technology specifically designed for its Wave Adaptive Modular Vessel (WAM-V) Unmanned Surface Vehicle (USV). The provider of intelligent maritime solutions said its system has already been demonstrated successfully and has the potential to revolutionize the operational efficiency of autonomous marine vessels.
Ocean Power Technologies inks reseller agreement with Geos Telecom
Ocean Power Technologies Inc (NYSE-A:OPTT) announced it has signed a reseller agreement with Geos Telecom, a maritime communication and navigation solutions provider based in Costa Rica. The deal includes the immediate sale of a Wave Adaptive Modular Vessel (WAM-V), the company said.
Ocean Power Technologies doubles revenues in ‘landmark' fiscal 2024
Ocean Power Technologies Inc (NYSE-A:OPTT) has reported significant year-over-year improvements in revenue and profits for fiscal 2024. For the year ended April 30, 2024, the provider of intelligent maritime solutions saw its revenue increase by 102% to $5.5 million from $2.7 million in fiscal 2023.
Ocean Power Technologies makes waves with key maritime domain awareness solution contract - ICYMI
Ocean Power Technologies Inc (NYSE-A:OPTT) is seeing continued strong demand for its AI-powered Maritime Domain Awareness Solution Merrows, this week announcing it has won a contract for the delivery of a PowerBuoy equipped with the technology in the Middle East. CEO Philip Stratmann told Proactive in an interview that the announcement builds on its earlier announcement it was selected as a preferred supplier for its Merrows-equipped buoys in the region.
Ocean Power Technologies lands new contract in Middle East
Ocean Power Technologies Inc (NYSE-A:OPTT) told investors it has won a contract in the Middle East for the delivery of a PowerBuoy equipped with Merrows – the company's AI-capable Maritime Domain Awareness Solution. The contract is expected to generate revenues in the current quarter, although specific details remain confidential between the parties.
Ocean Power Technologies and AltaSea forge partnership to advance sustainable ocean initiatives
Ocean Power Technologies Inc (NYSE-A:OPTT) has entered into a Memorandum of Understanding (MOU) with AltaSea at the Port of Los Angeles to explore opportunities in the ‘Blue Economy.' The "Blue Economy" refers to sustainable use of ocean resources for economic growth, improved livelihoods, and jobs while preserving the health of ocean ecosystems.
Ocean Power Technologies teams up with AltaSea in Los Angeles
Ocean Power Technologies Inc (NYSE-A:OPTT) has entered into a memorandum of understanding (MOU) with AltaSea, an ocean technology campus at the Port of Los Angeles. The partnership aims to explore opportunities within the ‘Blue Economy', focusing on supporting companies that develop and deploy marine energy technologies.
