Ocean Power Technologies Secures $2 Million in Purchase Orders for PowerBuoys® in Latin America

Core Insights - Ocean Power Technologies, Inc. (OPT) has announced a new partnership in Latin America, with initial purchase orders amounting to $2 million for its Next Generation PowerBuoys® [1][2] - The PowerBuoys® utilize a combination of wave, solar, and wind power generation, and are designed for deployment in various water depths, supporting both above and below surface payloads [2][3] - The CEO of OPT expressed enthusiasm about the partnership, highlighting the potential for enhanced marine intelligence solutions in the region [3] Company Overview - OPT specializes in low-carbon marine power, data, and service solutions, aiming to provide safer, cleaner, and more productive ocean operations across various sectors including defense, oil and gas, and offshore wind [4] - The company offers a range of products including PowerBuoy® platforms and WAM-V® autonomous surface vessels, focusing on innovation and customer satisfaction [4] Market Position - The recent order signifies a growing demand for OPT's solutions and reinforces its leadership in the marine intelligence and robotics industry [2][3] - The company is committed to expanding its global presence and forming strategic partnerships to enhance its service offerings [3]