Ocean Power Technologies Secures $1.5 Million in Purchase Orders for WAM-V USV's in Latin America
26 Marzo 2024 - 1:15PM
Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the
“Company”), a leader in innovative and cost-effective low-carbon
marine power, data, and service solutions, today 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-V’s, 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, stating, "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: Ocean Power
Technologies
About Ocean Power Technologies:
OPT provides intelligent maritime solutions and services that
enable safer, cleaner, and more productive ocean operations for the
defense and security, oil and gas, science and research, and
offshore wind markets. Our PowerBuoy® platforms provide clean and
reliable electric power and real-time data communications for
remote maritime and subsea applications. We also provide WAM-V®
autonomous surface vessels (ASVs) and marine robotics services. The
Company’s headquarters is in Monroe Township, New
Jersey and has an additional office in Richmond,
California. To learn more,
visit www.OceanPowerTechnologies.com.
Forward-Looking Statements:
This release may contain forward-looking statements that are
within the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements are
identified by certain words or phrases such as "may", "will",
"aim", "will likely result", "believe", "expect", "will continue",
"anticipate", "estimate", "intend", "plan", "contemplate", "seek
to", "future", "objective", "goal", "project", "should", "will
pursue" and similar expressions or variations of such expressions.
These forward-looking statements reflect the Company's current
expectations about its future plans and performance. These
forward-looking statements rely on a number of assumptions and
estimates that could be inaccurate and subject to risks and
uncertainties. Actual results, including the performance of the
WAM-V USV's, could vary materially from those anticipated or
expressed in any forward-looking statement made by the Company.
Please refer to the Company's most recent Forms 10-Q and 10-K and
subsequent filings with the U.S. Securities and Exchange Commission
for further discussion of these risks and uncertainties. The
Company disclaims any obligation or intent to update the
forward-looking statements in order to reflect events or
circumstances after the date of this release.
Contact Information
Investors: 203-561-6945 or OPTT@investor.morrowsodali.com
Media: 609-730-0400 x402 or MediaRelations@oceanpowertech.com
Grafico Azioni Ocean Power Technologies (AMEX:OPTT)
Storico
Da Ago 2024 a Set 2024
Grafico Azioni Ocean Power Technologies (AMEX:OPTT)
Storico
Da Set 2023 a Set 2024