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Ocean Power Technologies ships Merrows-enabled PowerBuoy for defence demonstration
Proactiveinvestors NA· 2025-05-01 13:21
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 focuses on sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Group 2 - Proactive is a forward-looking company that adopts technology enthusiastically, utilizing decades of expertise and experience [4] - The company employs automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
Ocean Power Technologies Ships AI-Capable Merrows™ PowerBuoy®
Globenewswire· 2025-05-01 12:15
Core Insights - Ocean Power Technologies, Inc. has shipped a Merrows™ capable PowerBuoy to demonstrate its system's survivability and suitability for defense and security applications, including surface and subsea monitoring [1] - The shipment follows a teaming agreement with a major international defense contractor to provide the Merrows™ suite of solutions in specific geographic regions [1][2] - The CEO of Ocean Power Technologies expressed enthusiasm about the contract's progress and the commitment to enhancing global maritime security through intelligence, surveillance, and reconnaissance solutions [2] Company Overview - Ocean Power Technologies provides intelligent maritime solutions and services aimed at safer, cleaner, and more productive ocean operations across various sectors, including defense, oil and gas, science and research, and offshore wind [3] - The company's offerings include the Merrows™ system for AI-capable integration of Maritime Domain Awareness Systems, PowerBuoy platforms for clean electric power and real-time data communications, WAM-V unmanned surface vehicles, and marine robotics services [3] - The company is headquartered in Monroe Township, New Jersey, with an additional office in Richmond, California [3]
Ocean Power Technologies ships autonomous WAM-V for extended offshore operations
Proactiveinvestors NA· 2025-04-30 14:27
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's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
Ocean Power Technologies Ships Multi-Day Capable WAM-V® for Indo-Pacific Operations
Globenewswire· 2025-04-30 12:15
Core Insights - Ocean Power Technologies, Inc. has successfully demonstrated a WAM-V 22' autonomous vessel capable of conducting continuous offshore surveys for three days without returning to base [1][2][3] Company Overview - Ocean Power Technologies specializes in innovative, low-carbon maritime services, providing solutions for safer and more productive ocean operations [1][4] - The company offers a range of products including autonomous surface vessels (ASVs), marine robotics services, and PowerBuoy platforms for clean energy and data communications [4] Recent Developments - The recent demonstration of the WAM-V vessel highlights its ability to perform prolonged operations for various applications such as surveys, maritime security, and environmental research [2][3] - CEO Phil Stratmann emphasized the significance of this capability for customers operating in the vast Pacific Ocean [3]
Ocean Power Technologies expands global reseller network - ICYMI
Proactiveinvestors NA· 2025-04-18 15:03
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 news journalists who produce independent content across various financial markets [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 into 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 committed to adopting technology to enhance its content creation and workflow processes [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all published content is edited and authored by humans [5]
Ocean Power Technologies wins new international government order for WAM-V system
Proactiveinvestors NA· 2025-04-14 13:06
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]
Ocean Power Technologies Secures Order for Fully Integrated WAM-V for an International Government Customer
Globenewswire· 2025-04-14 12:15
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]
Ocean Power Technologies partners with Elektron SAS to expand reach in Latin America
Proactiveinvestors NA· 2025-04-11 13:04
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's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and improve content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
Ocean Power Technologies Signs Strategic Reseller Agreement with Elektron SAS
Globenewswire· 2025-04-11 12:15
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]
Ocean Power Technologies expands US reach through reseller deal with Grava Hydro
Proactiveinvestors NA· 2025-04-10 13:28
Core Insights - Proactive provides fast, accessible, and actionable business and finance news content to a global investment audience [2] - The company focuses on medium and small-cap markets while also covering blue-chip companies and broader investment stories [3] - Proactive's news team delivers insights across various sectors including biotech, mining, oil and gas, and emerging technologies [3] Technology Adoption - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]