Ocean Power Technologies Confirms Shipment of AI capable Merrows™ PowerBuoy® for the Middle East
Ocean Power Technologies (NYSE American: OPTT) has announced the confirmed shipment of an AI-capable Merrows™ PowerBuoy® to a customer in the Middle East. This development expands the company's Merrows™ offering in the region. OPT, known for its innovative and cost-effective low-carbon marine power, data, and service solutions, had previously announced that the shipment was ready. This confirmation marks a significant step in OPT's expansion into the Middle Eastern market, potentially strengthening its position in the renewable marine energy sector.
Ocean Power Technologies (NYSE American: OPTT) ha annunciato la spedizione confermata di un PowerBuoy® Merrows™ con capacità AI a un cliente in Medio Oriente. Questo sviluppo amplia l'offerta Merrows™ dell'azienda nella regione. OPT, nota per le sue soluzioni innovative ed economiche di energia marina a basse emissioni di carbonio, dati e servizi, aveva precedentemente annunciato che la spedizione era pronta. Questa conferma rappresenta un passo significativo nell'espansione di OPT nel mercato mediorientale, potenzialmente rafforzando la sua posizione nel settore delle energie rinnovabili marine.
Ocean Power Technologies (NYSE American: OPTT) ha anunciado el envío confirmado de un PowerBuoy® Merrows™ con capacidad de IA a un cliente en Medio Oriente. Este desarrollo amplía la oferta Merrows™ de la empresa en la región. OPT, conocida por sus soluciones innovadoras y económicas de energía marina baja en carbono, datos y servicios, había anunciado previamente que el envío estaba listo. Esta confirmación marca un paso significativo en la expansión de OPT en el mercado del Medio Oriente, potencialmente fortaleciendo su posición en el sector de la energía marina renovable.
오션 파워 테크놀로지스 (NYSE American: OPTT)는 중동의 고객에게 AI 기능을 갖춘 Merrows™ PowerBuoy®의 발송이 확정되었다고 발표했습니다. 이 개발은 해당 지역에서 회사의 Merrows™ 제공을 확장합니다. 혁신적이고 경제적인 저탄소 해양 전력, 데이터 및 서비스 솔루션으로 알려진 OPT는 이전에 발송이 준비되었음을 발표한 바 있습니다. 이번 확인은 OPT의 중동 시장 진출에 있어 중대한 걸음을 의미하며, 재생 가능한 해양 에너지 분야에서의 입지를 강화할 수 있습니다.
Ocean Power Technologies (NYSE American: OPTT) a annoncé l'expédition confirmée d'un PowerBuoy® Merrows™ capable d'IA à un client au Moyen-Orient. Ce développement élargit l'offre Merrows™ de l'entreprise dans la région. OPT, connue pour ses solutions maritimes à faibles émissions de carbone, de données et de services innovantes et rentables, avait précédemment annoncé que l'expédition était prête. Cette confirmation marque une étape importante dans l'expansion d'OPT sur le marché du Moyen-Orient, renforçant potentiellement sa position dans le secteur de l'énergie marine renouvelable.
Ocean Power Technologies (NYSE American: OPTT) hat den bestätigten Versand eines AI-fähigen Merrows™ PowerBuoy® an einen Kunden im Nahen Osten angekündigt. Diese Entwicklung erweitert das Merrows™-Angebot des Unternehmens in der Region. OPT, bekannt für innovative und kosteneffiziente low-carbon marine Energie-, Daten- und Dienstleistungslösungen, hatte zuvor angekündigt, dass der Versand bereit war. Diese Bestätigung stellt einen bedeutenden Schritt in der Expansion von OPT auf dem Markt des Nahen Ostens dar und könnte die Position im Bereich erneuerbare Meeresenergie stärken.
- Confirmed shipment of AI-capable Merrows™ PowerBuoy® to Middle East customer
- Expansion of Merrows™ offering in the Middle East region
- None.
Expands Merrows™ Offering in the Region
MONROE TOWNSHIP, N.J., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced it has received customer confirmation to ship to a customer in the Middle East the previously announced shipment ready AI capable Merrows™ PowerBuoy®.
For additional information about OPT, please visit our website Ocean Power Technologies.
ABOUT OCEAN POWER TECHNOLOGIES
OPT provides intelligent maritime solutions and services that enable safer, cleaner, and more productive ocean operations for the defense and security, oil and gas, science and research, and offshore wind markets, including Merrows™, which provides AI capable seamless integration of Maritime Domain Awareness Systems across platforms. Our PowerBuoy® platforms provide clean and reliable electric power and real-time data communications for remote maritime and subsea applications. We also provide WAM-V® autonomous surface vessels (ASVs) and marine robotics services. The Company’s headquarters is in Monroe Township, New Jersey, with an additional office in Richmond, California. To learn more about OPT’s groundbreaking products, services and solutions, visit www.OceanPowerTechnologies.com.
FORWARD-LOOKING STATEMENTS
This release may contain forward-looking statements that are within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified by certain words or phrases such as "may", "will", "aim", "will likely result", "believe", "expect", "will continue", "anticipate", "estimate", "intend", "plan", "contemplate", "seek to", "future", "objective", "goal", "project", "should", "will pursue" and similar expressions or variations of such expressions. These forward-looking statements reflect the Company's current expectations about its future plans and performance. These forward-looking statements rely on a number of assumptions and estimates that could be inaccurate and subject to risks and uncertainties, including the continuing successful operations of the AI capable Merrows™ PowerBuoy®, success in the Middle East, the delivery of customer services, the conversion of potential customers to contracts and the realization of the potential revenue thereunder. Actual results could vary materially from those anticipated or expressed in any forward-looking statement made by the Company. Please refer to the Company's most recent Forms 10-Q and 10-K and subsequent filings with the U.S. Securities and Exchange Commission for further discussion of these risks and uncertainties. The Company disclaims any obligation or intent to update the forward-looking statements in order to reflect events or circumstances after the date of this release.
FAQ
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