Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive has bureaus and studios in key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Group 2 - The company is focused on sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] - Proactive adopts technology to enhance workflows and improve content production [4] - Automation and software tools, including generative AI, are used, but all content is edited and authored by humans [5]

Core Insights - Ocean Power Technologies, Inc. has secured a contract from a new international government customer for a fully integrated WAM-V, which will be assembled and shipped immediately, indicating strong demand for its systems in the market [1][2] Company Overview - Ocean Power Technologies specializes in innovative low-carbon marine power solutions, providing services for various sectors including defense, oil and gas, science and research, and offshore wind [3] - The company offers products such as PowerBuoy® platforms for clean electric power and real-time data communications, as well as WAM-V® unmanned surface vehicles and marine robotics services [3] Market Expansion - Recent efforts in Latin America and the Middle East have driven increased interest in the company's systems, contributing to the conversion of pipeline to backlog and further growth opportunities [2]

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Core Insights - Ocean Power Technologies, Inc. (OPT) has signed a reseller agreement with Elektron SAS, expanding its commercial reach in Latin America [1][2] - The agreement includes a $4 million purchase commitment for OPT's intelligent maritime technologies, enhancing its market presence [2][3] - This partnership is part of OPT's strategy to scale its global reseller network and penetrate high-growth markets [3] Company Overview - Ocean Power Technologies specializes in low-carbon marine power, data, and service solutions, targeting sectors such as defense, oil and gas, and offshore wind [5] - The company offers products like the WAM-V Unmanned Surface Vehicles, Next Generation PowerBuoy, and the AI-powered Merrows™ platform [2][5] - OPT aims to provide safer, cleaner, and more productive ocean operations through its innovative technologies [5]

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

MONROE TOWNSHIP, N.J., April 10, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE:OPTT) ("OPT" or the "Company"), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced the signing of a reseller agreement with Grava Hydrographic Solutions LLC ("Grava Hydro"), a U.S.-based specialist in hydrographic and oceanographic equipment integration and services. Under the agreement, Grava Hydro will expand the availability, sales, and support of OPT ...

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]

Core Insights - Ocean Power Technologies, Inc. (OPT) maintains operational continuity and competitive advantage due to its majority domestic supply chain and resilient workforce [1][2] - The company confirms that its inventory levels and procurement practices remain unaffected by global supply chain challenges, with no anticipated material impact on inventory costs [2][3] - Demand for dual-use technologies in both defense and renewable energy sectors is increasing, and OPT's supply chain strategy is designed to meet this demand while ensuring quality and delivery performance [3][4] Company Overview - OPT provides intelligent maritime solutions for various markets, including defense, oil and gas, science and research, and offshore wind [5] - The company emphasizes its commitment to U.S. manufacturing and engineering excellence, which supports mission-critical applications globally [4][5] - OPT's product offerings include PowerBuoy® platforms for clean energy and real-time data communications, as well as WAM-V® autonomous surface vessels and marine robotics services [5]

Core Viewpoint - Ocean Power Technologies, Inc. (OPT) is strategically positioned to navigate global supply chain challenges due to its majority domestic supply chain and resilient workforce [1][2]. Supply Chain and Operations - OPT confirms that its inventory levels and procurement practices remain unaffected by recent global developments impacting logistics and raw material availability [2]. - The company does not anticipate any material impact on inventory costs and continues to fulfill customer commitments on schedule [2]. - The strong domestic supply chain is highlighted as a key differentiator for OPT, especially during times of global economic uncertainty [3]. Workforce and Collaboration - OPT maintains a fully U.S.-based workforce, with over 20% being veterans, while effectively collaborating with international partners [3]. - This workforce structure enables the company to remain agile, responsive, and competitive across both defense and commercial energy sectors [3]. Market Demand - There is an increasing demand for dual-use technologies that serve both defense and renewable energy applications in domestic and international markets [3]. - OPT's supply chain strategy and operational footprint are designed to meet this growing demand while maintaining high standards of quality, security, and delivery performance [3]. Commitment to Manufacturing - The company's commitment to U.S. manufacturing and engineering excellence is central to its ability to support mission-critical applications for customers globally [4]. Product and Service Offerings - OPT provides intelligent maritime solutions and services for various markets, including defense, oil and gas, science and research, and offshore wind [5]. - Key products include Merrows™ for AI integration of Maritime Domain Awareness Systems, PowerBuoy® platforms for clean electric power, and WAM-V® autonomous surface vessels [5].

Core Insights - Ocean Power Technologies Inc has secured new contracts in the United States and Latin America, indicating a positive trend in the company's strategic developments [1][3][4] Group 1: U.S. Contract Developments - The company is deploying a buoy in the Atlantic, which is expected to enhance data collection capabilities, particularly for AI applications [3] - The focus on renewable power for persistent monitoring is crucial for the company's operations and aligns with the growing interest in data collection [3] Group 2: Latin America and Versatility - A new contract in Latin America highlights the company's ability to serve various industries, including mining, demonstrating the versatility of its systems [4] - The technology can be rapidly deployed in diverse environments, such as dams and power generation facilities, reducing the need for human divers and associated risks [4][5] Group 3: Cost-Effectiveness and Risk Mitigation - The company's solutions are designed to operate in hard-to-reach areas, minimizing the need for human presence and logistics, thus lowering operational costs [5] - There is a significant market opportunity in replacing traditional manned assets with autonomous systems, which can operate at a fraction of the cost and reduce risks [5] Group 4: Upcoming Events and Market Expansion - The company will participate in CS Space in Washington, D.C., showcasing its capabilities in multi-domain operations with aerial drones [6][7] - Participation in Ocean Business in the UK will further demonstrate the company's ability to service commercial customers across various sectors, including offshore wind and oil and gas [7][8] - The company is expanding into additional markets in the Middle East and Latin America, indicating a strategic growth trajectory [8]