Ocean Power Technologies ready to deploy AI solution in hot climates
Ocean Power Technologies Inc (NYSE-A:OPTT) has announced the completion of engineering for its Merrows solution to be deployed in hot climates. The company noted that Merrows, an artificial intelligence-powered Maritime Domain Awareness Solution, has integrated lessons from current and previous deployments, including in Bahrain.
Ocean Power Technologies achieves major milestone with WAM-Vs deployment for government department
Ocean Power Technologies Inc (NYSE-A:OPTT) announced it concluded the operation of several simultaneously deployed Wave Adaptive Modular Vehicles (WAM-Vs) for a Department of the US Government, a major contractual milestone with immediate revenue recognition. The provider of innovative and cost-effective low-carbon marine power, data, and service solutions said this milestone builds on other recent multi-system deliveries and contract awards.
