Ocean Power Technologies Secures Order for Fully Integrated WAM-V for an Underwater Research Customer in the Nordics

27 March 2026

OPT’s WAM-V. (Image credit: OPT)

Ocean Power Technologies, Inc. (OPT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, announced it has secured a contract from a new Nordic-based underwater research customer for a fully integrated WAM-V for immediate delivery. This contract expands the Company’s previously announced expansion into certain regions in the Nordics, working with end customers and governments. The vehicle will be assembled immediately and shipped to the customer.

Jason Weed, SVP Commercial Sales of OPT, said: “We believe that securing this contract is testament that demand in the market is continuing to convert to backlog across multiple sectors. Recent efforts globally, whether focused on defense and security, surface inspections, or autonomous underwater survey, are continuing to drive interest in our systems. We continue to deliver systems to our customers. We look forward to future deliveries and additional opportunities to deploy our assets to our customer base here in the United States and to our partners in Latin America, the Middle East, the Nordics, and other allied nations.”