Ocean Power Technologies unveils contract to deliver multiple WAM-Vs to US government department
Ocean Power Technologies Inc (NYSE-A:OPTT) announced it has reached an agreement in principle on a sole source contract award for multiple WAM-Vs for delivery to a US government department. Shares of OPT surged premarket on the announcement, adding more than 30% shortly before US markets opened on Wednesday.
Ocean Power Technologies named preferred supplier for Merrow buoy in the Middle East
Ocean Power Technologies Inc (NYSE-A:OPTT) announced it has been selected as preferred supplier for a PowerBuoy equipped with its AI-Maritime Domain Awareness Solutions Merrows for immediate delivery for an opportunity in the Middle East. The provider of intelligent maritime solutions and services said the contract, once finalized, will generate revenues in the current quarter.
Ocean Power Technologies expands services with new 24/7 global support offering
Ocean Power Technologies Inc (NYSE-A:OPTT) has announced the launch of its Global 24/7 Service Support which will offer its customers round-the-clock support. The provider of intelligent maritime solutions and services said the new offering will allow its customers to access 24/7 support to maintain their operations around the globe.
Ocean Power Technologies delivers first unmanned surface vehicles to Sulmara
Ocean Power Technologies Inc (NYSE-A:OPTT) announced it had delivered the first set of new unmanned surface vehicles (USVs) to Sulmara, as part of a previously announced $1.6 million contract. The delivery triggers the commencement of lease payments, OPT said in a statement.
Ocean Power Technologies wins contract for unmanned surface vehicle with offshore construction contractor
Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has been awarded a contract for the immediate delivery of a Wave Adaptive Modular Vessel (WAM-V) to an offshore construction contractor. The provider of intelligent maritime solutions and services said the vehicle will provide survey services for an offshore dredging project in Sub-Saharan Africa.
Ocean Power Technologies CEO talks unmanned surface vehicle demonstration milestone
Ocean Power Technologies Inc (NYSE-A:OPTT) recently completed a demonstration of several simultaneously deployed Wave Adaptive Modular Vehicles (WAM-Vs) for a department of the US Government. In addition to triggering immediate revenue, the demonstration showcased the capabilities of the company's technology to both current and future customers.
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.
