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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]
Ocean Power Technologies Signs U.S. Reseller Agreement with Grava Hydrographic Solutions LLC
Newsfilter· 2025-04-10 12:50
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 ...
Ocean Power Technologies says US-based supply chain shields it from global disruptions
Proactiveinvestors NA· 2025-04-07 13:26
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]