Ocean Power Technologies Signs OEM Agreement with Key Maritime Technology Provider Teledyne Marine

Core Insights - Ocean Power Technologies, Inc. (OPT) has signed an Original Equipment Manufacturer (OEM) agreement with Teledyne Marine to enhance its product offerings and drive innovation in the marine technology sector [1][5] - The partnership aims to provide customers with a turnkey system, leveraging Teledyne's advanced technology and products [2][5] Company Overview - Ocean Power Technologies specializes in low-carbon marine power, data, and service solutions, focusing on intelligent maritime solutions for various markets including defense, oil and gas, science, research, and offshore wind [6] - The company’s PowerBuoy® platforms deliver clean electric power and real-time data communications for remote maritime and subsea applications [6] Teledyne Marine Overview - Teledyne Marine is a division of Teledyne Technologies, known for its subsea technology solutions, including imaging, instruments, interconnect, seismic, and vehicle technology [7] - The division aims to provide comprehensive solutions to industries such as hydrography, offshore, dredging, defense, and marine research [7]