Ocean Power Technologies to exhibit Autonomous Vehicle Services at ADIPEC with Unique Group
16 Ottobre 2024 - 2:15PM
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 it has shipped a WAM-V Unmanned Surface
Vehicle (“USV”) to the UAE. This follows the June 2024 announcement
of its partnership with Unique Group (“Unique”), a UAE
headquartered offshore services and equipment provider, offering
multiple products and services to customers in a range of industry
sectors. Unique has more than 500 employees and operational bases
around the world. Unique and OPT will exhibit the 22ft WAM-V at
ADIPEC, which takes place from 4-7 November 2024 in Abu Dhabi and
brings together more than 2,200 organizations from the full
spectrum of the global energy ecosystem to showcase the latest
breakthroughs shaping the future of energy.
Philipp Stratmann, OPT’s CEO and President, stated his
enthusiasm for this development. “We are excited to see the
continued increase in demand for our services in the Middle East in
general and the UAE specifically. We believe having Unique
demonstrate the vehicle to offshore energy companies will further
increase our activity levels in this region. We look forward to
meeting many potential customers during ADIPEC.”
For additional information about OPT and its services, 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, including Merrows™, which provides AI
capable seamless integration of Maritime Domain Awareness Systems
across platforms. 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, including the ultimate commercial success of the
Unique partnership and the conversion of potential customers to
contracts and the realization of the potential revenue thereunder.
Actual results 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 investorrelations@oceanpowertech.com
Media: 609-730-0400 x402 or MediaRelations@oceanpowertech.com
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