Ocean Power Technologies(US:OPTT) Proactiveinvestors NA·2024-05-30 19:46Core Viewpoint - Ocean Power Technologies Inc has successfully demonstrated the simultaneous operation of multiple Wave Adaptive Modular Vehicles (WAM-Vs) for a US government department, showcasing the technology's capabilities and generating immediate revenue [1][3]. Group 1: Demonstration and Technology - The demonstration marked the first time the company operated several vehicles autonomously and in tandem with other autonomous assets, highlighting the potential for swarm operations [3]. - The company aims to showcase its technology to both current and potential future customers through large-scale exercises and field operations [5]. Group 2: Operational Team and Expertise - The operational team consists of individuals with military or offshore marine backgrounds, ensuring that the systems are used effectively to meet customer needs [7]. - The operators are trained to deliver value beyond just operating the systems, focusing on practical applications that align with customer expectations [7].