Ocean Power Technologies Secures Orders Exceeding $1.25 Million for Fully Integrated WAM-V Unmanned Surface Vehicles
12 Fevereiro 2024 - 6:15PM
Ocean Power Technologies, Inc. (NYSE American: 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 our team's relentless
dedication to pushing the boundaries of marine technology and
providing our clients with solutions that meet their complex and
evolving needs. As we continue to innovate, we are committed to
playing a pivotal role in the advancement of sustainable and
efficient ocean-based operations."
The recent commercial orders come from clients in Latin America,
highlighting the wide-ranging capabilities and applications of the
WAM-V USVs. OPT's commitment to delivering customizable and
scalable solutions has positioned the company as a preferred
partner in the industry.
For more information about Ocean Power Technologies and their
innovative solutions, please visit our website: Ocean Power
Technologies
ABOUT OCEAN POWER TECHNOLOGIES:
OPT 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®
unmanned surface vehicles (USVs) and marine robotics services. The
Company’s headquarters is in Monroe Township, New
Jersey and has an additional office in 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: 203-561-6945 or OPTT@investor.morrowsodali.com
Media: 609-730-0400 x402 or MediaRelations@oceanpowertech.com
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