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Ocean Power Technologies partners with Elektron SAS to expand reach in Latin America
Proactiveinvestors NA· 2025-04-11 13:04
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and improve content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
Ocean Power Technologies Signs Strategic Reseller Agreement with Elektron SAS
Globenewswire· 2025-04-11 12:15
Core Insights - Ocean Power Technologies, Inc. (OPT) has signed a reseller agreement with Elektron SAS, expanding its commercial reach in Latin America [1][2] - The agreement includes a $4 million purchase commitment for OPT's intelligent maritime technologies, enhancing its market presence [2][3] - This partnership is part of OPT's strategy to scale its global reseller network and penetrate high-growth markets [3] Company Overview - Ocean Power Technologies specializes in low-carbon marine power, data, and service solutions, targeting sectors such as defense, oil and gas, and offshore wind [5] - The company offers products like the WAM-V Unmanned Surface Vehicles, Next Generation PowerBuoy, and the AI-powered Merrows™ platform [2][5] - OPT aims to provide safer, cleaner, and more productive ocean operations through its innovative technologies [5]