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Ocean Power Technologies Signs Strategic Reseller Agreement in Latin America
Globenewswire· 2025-07-24 20:24
Group 1 - Ocean Power Technologies, Inc. (OPT) has signed a new reseller agreement with a partner in Latin America to enhance its presence in the Mexican offshore and maritime markets [1][2] - The agreement includes a $3 million purchase commitment for OPT's WAM-V® Unmanned Surface Vehicles, which will support business development, sales, and technical services [2][3] - This partnership is part of OPT's strategy to expand its global reseller network and access high-growth markets, particularly in security, energy, and commercial sectors in Mexico [3] Group 2 - The company focuses on providing intelligent maritime solutions that enhance safety, cleanliness, and productivity in various sectors, including defense, oil and gas, and offshore wind [4] - OPT's product offerings include PowerBuoy® platforms for clean energy and real-time data communications, as well as marine robotics services [4]