Core Viewpoint - Oil has not yet reached its peak according to Pedro de Noronha, founder of Noster Capital LLP, at the Sohn Monaco Conference [1] Group 1: Oil Market Insights - The oil market is still on an upward trajectory and has not peaked [1] - Even with a decline in oil prices, shipping stocks in the Gulf region are expected to outperform the market [1] Group 2: Shipping Industry Potential - The shipping services industry in the Gulf region has the potential for a 150% growth [1] - The shipping sector in the Gulf region is currently in a recovery phase [1]

Group 1 - Ocean Power Technologies, Inc. has successfully completed its first WAM-V 22 sea trials for a significant customer operating in Sub Saharan Africa, conducted at its newly permitted test site in Southern New Jersey [1][2] - The completion of these sea trials allows the company to conduct year-round testing on both the East and West Coasts, facilitating quicker product delivery and reducing the time from booking to revenue recognition [2] - Ocean Power Technologies specializes in intelligent maritime solutions, including AI-capable systems for maritime domain awareness, PowerBuoy platforms for clean energy, and WAM-V unmanned surface vehicles [3]