Ocean Power Technologies Signs MoU to Propel Autonomous Ocean Developments in Brazil

Ocean Power Technologies, Inc. (OPT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, has announced it has signed a Memorandum of Understanding (MoU) with Serviço Nacional de Aprendizagem Industrial (SENAI Innovation Institute for Virtual Production Systems from Firjan) in Brazil to explore collaborating together toward Blue Economy opportunities including deployment of WAM-V^® autonomous and unmanned surface vehicles and Next Generation PowerBuoys^® equipped with AI capable Merrows™. This agreement follows recent discussions between SENAI and OPT in Brazil.