Ocean Power Technologies Secures $1.6 Million Order for Multiple WAM-V 16s from Sulmara
24 Outubro 2023 - 9:15AM
Ocean Power
Technologies, Inc.
("OPT" or "the
Company") (NYSE American:
OPTT), a leader in innovative and cost-effective
low-carbon marine power, data, and service solutions, today
announced it has received an additional volume order from Sulmara,
a prominent player in offshore services, of WAM-V 16 uncrewed
surface vehicles (USVs) making this the largest single order of
WAM-Vs to date. The order, valued at $1.6 million, underscores
OPT's commitment to providing innovative and sustainable solutions
for the offshore industry. Due to demand, production is already
underway to support and will allow for revenue recognition this
fiscal year.
The WAM-V 16, known for its unparalleled versatility and
exceptional performance, will enable Sulmara to continue to
redefine the way that marine data is collected. Designed to adapt
to various marine environments and applications, the WAM-V 16
offers unmatched reliability, maneuverability, and modularity that
empowers remote marine operations like never before.
Commenting on this significant achievement, OPT's CEO, Philipp
Stratmann, expressed his enthusiasm for the collaboration with
Sulmara: “We are delighted to expand our partnership with Sulmara
and provide them with our state-of-the-art WAM-V 16 uncrewed
surface vehicles. This order reflects our commitment to enhancing
the efficiency and sustainability of offshore operations. We are
proud to collaborate with a company like Sulmara, which shares our
vision for the future of ocean technology. This contract, and
others we are finalizing, is testament to the quality of our
product lines and operators.”
Sulmara, recognized for its commitment to the environment while
delivering world-class offshore survey services, envisions OPT's
WAM-V 16 as a valuable addition to their fleet. The WAM-V 16 will
bolster capabilities in various subsea applications, including
hydrographic survey, remote inspections, UXO detections, and
environmental monitoring, across many markets, including global
offshore wind development.
“Our investment in a fleet of bespoke WAM-V USVs is marking
another pivotal step in our ongoing mission to decarbonize the
offshore industry,” commented Sulmara’s COO, Carlo Pinto. “This
strategic move not only demonstrates our dedication to
environmental sustainability but also consolidates our role as an
industry pioneer in adopting innovative solutions.
“The collaboration with OPT is proof of their unwavering support
and alignment with our environmental and forward-thinking goals.
Together, we aim to pave a greener path forward for the offshore
sector.”
Ocean Power Technologies is proud to be a leader in providing
sustainable solutions for the maritime industry and aims to
continue pushing the boundaries of what is possible in the world of
ocean technology. This order from Sulmara exemplifies the growing
interest in innovative, environmentally responsible solutions to
the challenges facing the offshore industry today.
For more information on Ocean Power Technologies please visit
our website at: www.OceanPowerTechnologies.com
About Ocean Power Technologies:
OPT, a leader in innovative and cost-effective,
low carbon marine data, power, and consulting services, provides
intelligent maritime solutions and services that enable safer,
cleaner, and more productive ocean operations for the defense and
security, oil and gas, science and research, and offshore wind
markets. Our PowerBuoy® platforms provide clean and reliable
electric power and real-time data communications for remote
maritime and subsea applications. We also provide WAM-V® autonomous
surface vessels (ASV) and marine robotics services through our
wholly owned subsidiary Marine Advanced Robotics and strategic
consulting services including simulation engineering, software
engineering, concept design and motion analysis through our wholly
owned subsidiary 3Dent. We are headquartered in Monroe Township,
New Jersey, and have offices in Houston, Texas, and Richmond,
California. To learn more, visit
www.OceanPowerTechnologies.com.
Forward-Looking Statements
This release may contain forward-looking
statements that are within the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements are identified by certain words or phrases such as
"may", "will", "aim", "will likely result", "believe", "expect",
"will continue", "anticipate", "estimate", "intend", "plan",
"contemplate", "seek to", "future", "objective", "goal", "project",
"should", "will pursue" and similar expressions or variations of
such expressions. These forward-looking statements reflect the
Company's current expectations about its future plans and
performance. These forward-looking statements rely on a number of
assumptions and estimates that could be inaccurate and subject to
risks and uncertainties. Actual results could vary materially from
those anticipated or expressed in any forward-looking statement
made by the Company. Please refer to the Company's most recent
Forms 10-Q and 10-K and subsequent filings with the U.S. Securities
and Exchange Commission for further discussion of these risks and
uncertainties. The Company disclaims any obligation or intent to
update the forward-looking statements in order to reflect events or
circumstances after the date of this release.
Contact Information
Investors: 609-730-0400 x401 or InvestorRelations@oceanpowertech.com
Media: 609-730-0400 x402 or MediaRelations@oceanpowertech.com
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