Philipp Stratmann, CEO of the Company, commented, “This is a great step ahead for OPT. We are pleased that we have completed the sea trials of a WAM-VÂ for a major specialized offshore services customer and were able to do so at our newly permitted test site. This now enables us to test year-round on either coast, making it easier for customers to receive their products and further decreasing the time from booking to revenue recognition.”
For additional details on Ocean Power Technologies and its services and solutions for the defense, security, and ocean energy industries, please visit www.oceanpowertechnologies.com.