Ocean Power Technologies Secures Order for Fully Integrated WAM-V from a Major European Offshore Services Provider

Core Insights - Ocean Power Technologies, Inc. (OPT) has secured a contract from a European Offshore Services Provider for a fully integrated WAM-V, marking an expansion into the European Union market [1][2] - The assembly of the vehicle will commence immediately, with training and services to be provided in-country [1] - CEO Phil Stratmann highlighted the growing demand for OPT's systems in various sectors, including defense, security, and offshore construction [2] Company Overview - OPT specializes in intelligent maritime solutions and services aimed at enhancing safety, cleanliness, and productivity in ocean operations across multiple markets, including defense, oil and gas, and offshore wind [3] - The company offers products such as PowerBuoy platforms for clean energy and real-time data communications, as well as WAM-V unmanned surface vehicles [3] - OPT is headquartered in Monroe Township, New Jersey, with an additional office in Richmond, California [3]