Ocean Power Technologies Announces Demonstration of WAM-V at NAVDEX
Ocean Power Technologies (NYSE: OPTT) announced its participation at NAVDEX in Abu Dhabi, where it will showcase its maritime technology alongside local partner Remah International Group (RIG). This follows RIG's appointment as OPTT's UAE defense and security solutions distributor in late 2024.
The exhibition will feature live demonstrations of OPTT's WAM-V® Unmanned Surface Vehicles, equipped with underwater sensors and aerial drone integration capabilities. The company will also showcase its Next Generation PowerBuoy® and AI-capable Merrows™ technologies.
RIG, which partners with global solution providers and maintains a network of 48 companies in UAE, brings extensive experience serving the UAE Armed Forces. The partnership aims to accelerate the adoption of autonomous ocean security services in the region through RIG's local industry knowledge and established presence.
Ocean Power Technologies (NYSE: OPTT) ha annunciato la sua partecipazione al NAVDEX di Abu Dhabi, dove presenterà la sua tecnologia marittima insieme al partner locale Remah International Group (RIG). Questo segue la nomina di RIG come distributore delle soluzioni di difesa e sicurezza di OPTT negli Emirati Arabi Uniti a fine 2024.
La fiera presenterà dimostrazioni dal vivo dei veicoli di superficie senza pilota WAM-V® di OPTT, dotati di sensori subacquei e capacità di integrazione con droni aerei. Inoltre, l'azienda mostrerà la sua tecnologia Next Generation PowerBuoy® e Merrows™, capaci di intelligenza artificiale.
RIG, che collabora con fornitori di soluzioni globali e mantiene una rete di 48 aziende negli Emirati Arabi Uniti, porta una vasta esperienza nel servire le forze armate degli Emirati. La partnership mira ad accelerare l'adozione di servizi di sicurezza oceanica autonomi nella regione grazie alla conoscenza del settore locale di RIG e alla sua presenza consolidata.
Ocean Power Technologies (NYSE: OPTT) anunció su participación en NAVDEX en Abu Dhabi, donde exhibirá su tecnología marítima junto a su socio local Remah International Group (RIG). Esto sigue a la designación de RIG como distribuidor de las soluciones de defensa y seguridad de OPTT en los EAU a finales de 2024.
La exposición contará con demostraciones en vivo de los vehículos de superficie no tripulados WAM-V® de OPTT, equipados con sensores submarinos y capacidades de integración con drones aéreos. La empresa también presentará su tecnología Next Generation PowerBuoy® y Merrows™, capaces de inteligencia artificial.
RIG, que colabora con proveedores de soluciones globales y mantiene una red de 48 empresas en los EAU, aporta una amplia experiencia al servicio de las Fuerzas Armadas de los EAU. La asociación tiene como objetivo acelerar la adopción de servicios de seguridad oceánica autónomos en la región a través del conocimiento de la industria local de RIG y su presencia establecida.
오션 파워 테크놀로지스 (NYSE: OPTT)는 아부다비에서 열리는 NAVDEX에 참가한다고 발표하며, 현지 파트너인 레마 국제 그룹 (RIG)와 함께 해양 기술을 선보일 예정입니다. 이는 2024년 말 RIG가 OPTT의 UAE 방위 및 보안 솔루션 유통업체로 지정된 것에 따른 것입니다.
전시회에서는 UNDERWATER SENSORS 및 공중 드론 통합 기능이 장착된 OPTT의 WAM-V® 무인 수상 차량의 실시간 시연이 진행됩니다. 회사는 또한 차세대 PowerBuoy® 및 AI 가능한 Merrows™ 기술을 선보일 것입니다.
RIG는 글로벌 솔루션 제공업체와 협력하며 UAE에서 48개의 회사 네트워크를 유지하고 있으며, UAE 국군에 대한 광범위한 경험을 제공합니다. 이 파트너십은 RIG의 지역 산업 지식과 확립된 존재를 통해 이 지역에서 자율 해양 보안 서비스의 채택을 가속화하는 것을 목표로 합니다.
Ocean Power Technologies (NYSE: OPTT) a annoncé sa participation au NAVDEX à Abu Dhabi, où elle présentera sa technologie maritime aux côtés de son partenaire local Remah International Group (RIG). Cela fait suite à la nomination de RIG en tant que distributeur des solutions de défense et de sécurité d'OPTT aux Émirats Arabes Unis fin 2024.
Le salon mettra en vedette des démonstrations en direct des WAM-V® véhicules de surface sans pilote d'OPTT, équipés de capteurs sous-marins et de capacités d'intégration de drones aériens. L'entreprise présentera également sa technologie Next Generation PowerBuoy® et Merrows™, capables d'intelligence artificielle.
RIG, qui collabore avec des fournisseurs de solutions mondiales et maintient un réseau de 48 entreprises aux Émirats, apporte une vaste expérience au service des forces armées des Émirats. Le partenariat vise à accélérer l'adoption de services de sécurité maritime autonomes dans la région grâce à la connaissance du secteur local de RIG et à sa présence établie.
Ocean Power Technologies (NYSE: OPTT) gab seine Teilnahme an der NAVDEX in Abu Dhabi bekannt, wo das Unternehmen seine maritime Technologie zusammen mit dem lokalen Partner Remah International Group (RIG) präsentieren wird. Dies folgt auf die Ernennung von RIG als Distributor für die Verteidigungs- und Sicherheitslösungen von OPTT in den VAE Ende 2024.
Die Ausstellung wird Live-Demonstrationen der WAM-V® unbemannten Oberflächenfahrzeuge von OPTT zeigen, die mit Unterwassersensoren und integrierten Drohnenfähigkeiten ausgestattet sind. Das Unternehmen wird auch seine Next Generation PowerBuoy® und KI-fähigen Merrows™ Technologien präsentieren.
RIG, das mit globalen Lösungenanbietern zusammenarbeitet und ein Netzwerk von 48 Unternehmen in den VAE unterhält, bringt umfangreiche Erfahrung im Dienst der UAE-Streitkräfte mit. Die Partnerschaft zielt darauf ab, die Einführung autonomer maritimer Sicherheitsdienste in der Region durch RIGs lokales Branchenwissen und seine etablierte Präsenz zu beschleunigen.
- Strategic partnership with established UAE distributor RIG, accessing defense and security markets
- Live demonstration of commercial products at major naval defense exhibition
- Potential market expansion in Middle East region
- None.
Exhibiting with local partner Remah International Group
MONROE TOWNSHIP, N.J., Feb. 10, 2025 (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 will exhibit at NAVDEX in Abu Dhabi with Remah International Group (“RIG”), a privately held and UAE headquartered company with a focus on both military and civilian services. This follows OPT’s appointment of RIG as its distributor for defense and security solutions in the UAE in late 2024. RIG, through its locally owned group of 48 companies, partners with industry leading solution providers globally like Red Cat and SAAB, to ensure the highest levels of service and product are supplied to the UAE. OPT and RIG will offer live demonstrations during NAVDEX of OPT’s WAM-V® Unmanned Surface Vehicles (“USV”), equipped with underwater sensors and capable of aerial drone integration, and exhibit its other capabilities including the Next Generation PowerBuoy ®, and the AI capable Merrows™. OPT and RIG will be at berth MB15 and at stand A027 during the event in Abu Dhabi.
OPT believes that demonstrating its commercially available solutions in partnership with RIG’s leading position in the UAE should drive the rapid acceleration of the adoption of autonomous ocean security services in the region. RIG’s long history as one of the first companies to serve the UAE Armed Forces, its reputation for excellence and knowledge of the local industry, coupled with its key footprint in the UAE, should enable turnkey services to be carried out more efficiently.
Dr. Philipp Stratmann, OPT’s CEO, expressed his enthusiasm about this partnership, stating, "We are very excited to demonstrate our capabilities to current and potential customers during NAVDEX. This is one of the world’s most renowned exhibitions for the naval defense and maritime security sector. Having recently exhibited our capabilities during ADIPED for commercial customers, we are honored and energized to have RIG join us in our efforts to further penetrate Middle East markets. We look forward to advancing several opportunities in the UAE and the broader Middle East markets and we applaud RIG’s forward thinking in adopting autonomous, resident, persistent, and AI-capable ocean security technologies, to address the needs and requirements of the UAE Armed Forces with drone and swarming capabilities across multiple domains, including maritime missions."
For additional information about OPT and its services, 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 and has an additional office in Richmond, California. To learn more, 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 ultimate commercial success of the RIG partnership and 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
What will Ocean Power Technologies (OPTT) demonstrate at NAVDEX 2025?
Who is OPTT's new distributor in the UAE for defense and security solutions?
Where can visitors find Ocean Power Technologies at NAVDEX 2025?
What is the significance of OPTT's partnership with Remah International Group?
