This MSA formalizes and significantly expands the strategic collaboration originally announced in July 2024, positioning Unique Group as OPT’s execution partner for all non-defense WAM-V® USV projects in the United Arab Emirates (UAE). With a well-established regional partner and a clear operational path, OPT believes it is now positioned to accelerate WAM-V deployments, convert active interest into revenue, and scale recurring lease income in the UAE without significant additional overhead.

As part of the agreement, Unique Group will immediately lease one OPT WAM-V 22 unmanned surface vehicle, with provisions for revenue sharing, purchase options, and joint expansion of regional fleet capacity. The agreement also includes plans for OPT to establish a dedicated Maintenance, Repair, and Overhaul (MRO) hub in the UAE to support regional operations and enhance service responsiveness.

“This expanded agreement with Unique Group reflects our strong mutual confidence and shared vision for bringing maritime autonomy to the forefront of operations in the Gulf,” said Philipp Stratmann, President and CEO of Ocean Power Technologies. “Together, we are unlocking the potential of uncrewed surface vehicles to reduce operational risk, carbon emissions, and costs, starting with the WAM-V 22 and extending to broader platform deployments across the UAE.”

The MSA supports a long-term growth framework for joint customer execution, vehicle upgrades, and technology transfer, while protecting the proprietary capabilities of each partner.

For additional information about OPT, visit: https://oceanpowertechnologies.com/