Ocean Power Technologies Announces Successful Defense and Security Demonstrations in UAE

Core Insights - Ocean Power Technologies, Inc. (OPT) successfully demonstrated its defense and security capabilities at NAVDEX in Abu Dhabi in collaboration with Remah International Group (RIG) [1][2] - The demonstrations showcased OPT's WAM-V® Unmanned Surface Vehicles (USV) and other technologies, indicating potential growth opportunities in the UAE region [2][3] Company Overview - OPT specializes in innovative low-carbon marine power solutions, providing services for defense, oil and gas, science and research, and offshore wind markets [4] - The company offers products such as the Next Generation Powerbuoy® and AI-capable Merrows™, which enhance maritime domain awareness [4] Strategic Partnerships - The partnership with RIG is expected to lead to opportunities in autonomous anti-submarine warfare, mine countermeasures, national security applications, and maritime monitoring [2][3] - OPT aims to expand its presence in the UAE and enhance collaboration with RIG and other partners following the successful demonstrations [3]