OPT Reaches Company Milestone with $1.5 Million in Orders for WAM-V USVs in Latin America

Ocean Power Technologies, Inc. (OPT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, announced the largest quantity order in the company’s history, marking a significant commercial milestone. A valued customer engaged in the offshore energy service industry in Latin America has placed purchase orders for multiple WAM-V USV's, representing a substantial investment totaling over $1.5 million and highlighting OPT’s continued expansion in the region.

The WAM-Vs, renowned for their cutting-edge technology and versatility, will be deployed in hydrographic applications, and by utilizing their adaptability and reliability, will provide our customer with an unrivaled versatile multi-application solution. This landmark order not only underscores the growing demand for OPT's innovative solutions but also solidifies the company's position as a leader in the marine robotics industry.

Commenting on this significant achievement, Philipp Stratmann, President, and CEO of Ocean Power Technologies, expressed his enthusiasm: "We are thrilled to see the growing interest and confidence in our technologies, particularly from our strategic partners in Latin America. This order marks a pivotal moment for OPT, highlighting our continued commitment to delivering unparalleled solutions to the region that redefine possibilities in marine robotics."

With a proven history of delivering state-of-the-art solutions tailored to meet the evolving needs of diverse industries, OPT remains at the forefront of innovation in the maritime sector. The company's dedication to excellence and customer satisfaction continues to drive its success, enabling it to forge strategic partnerships and expand its global footprint.

For more information about Ocean Power Technologies and their innovative solutions, please visit our website: https://oceanpowertechnologies.com/