Ocean Power Technologies Secures $3 Million in Purchase Order Commitments for WAM-V USV's in Latin America
Ocean Power Technologies (NYSE American: OPTT) has secured $3 million in purchase order commitments for WAM-V USV's in Latin America through a new partnership, extending over 36 months. This represents a $1.5 million increase from previously announced purchase orders in the region.
The WAM-V USV's will be deployed for hydrographic applications, offering versatile multi-application solutions. The order reinforces OPT's position in the maritime artificial intelligence robotics sector and demonstrates growing demand for their innovative solutions in Latin America.
Ocean Power Technologies (NYSE American: OPTT) ha ottenuto impegni per ordini di acquisto per 3 milioni di dollari per WAM-V USV in America Latina attraverso una nuova partnership, della durata di 36 mesi. Ciò rappresenta un aumento di 1,5 milioni di dollari rispetto agli ordini di acquisto precedentemente annunciati nella regione.
Gli WAM-V USV saranno impiegati per applicazioni idrografiche, offrendo soluzioni versatili per più applicazioni. L'ordine rafforza la posizione di OPT nel settore della robotica con intelligenza artificiale marittima e dimostra la crescente domanda per le loro soluzioni innovative in America Latina.
Ocean Power Technologies (NYSE American: OPTT) ha asegurado 3 millones de dólares en compromisos de pedidos de compra para WAM-V USV en América Latina a través de una nueva asociación, que se extenderá por 36 meses. Esto representa un aumento de 1,5 millones de dólares respecto a los pedidos de compra anunciados previamente en la región.
Los WAM-V USV se despliegan para aplicaciones hidrográficas, ofreciendo soluciones versátiles para múltiples aplicaciones. El pedido refuerza la posición de OPT en el sector de la robótica marítima de inteligencia artificial y demuestra la creciente demanda de sus soluciones innovadoras en América Latina.
오션 파워 테크놀로지스 (NYSE American: OPTT)는 새로운 파트너십을 통해 라틴 아메리카에서 WAM-V USV에 대한 300만 달러의 구매 주문 약속을 확보했으며, 이는 36개월 동안 유효합니다. 이는 해당 지역에서 이전에 발표된 구매 주문보다 150만 달러 증가한 금액입니다.
WAM-V USV는 수치측량 응용 프로그램을 위해 배치되며 다양한 응용 솔루션을 제공합니다. 이 주문은 해양 인공지능 로봇 분야에서 OPT의 위치를 강화하며, 라틴 아메리카에서의 혁신적인 솔루션에 대한 증가하는 수요를 보여줍니다.
Ocean Power Technologies (NYSE American: OPTT) a sécurisé 3 millions de dollars en engagements de commandes d'achat pour des WAM-V USV en Amérique Latine grâce à un nouveau partenariat, s'étalant sur 36 mois. Cela représente une augmentation de 1,5 million de dollars par rapport aux commandes d'achat précédemment annoncées dans la région.
Les WAM-V USV seront déployés pour des applications hydrographiques, offrant des solutions polyvalentes pour plusieurs applications. La commande renforce la position d'OPT dans le secteur de la robotique maritime avec intelligence artificielle et démontre la demande croissante pour leurs solutions innovantes en Amérique Latine.
Ocean Power Technologies (NYSE American: OPTT) hat sich Verpflichtungen über 3 Millionen Dollar für Kaufaufträge von WAM-V USVs in Lateinamerika durch eine neue Partnerschaft gesichert, die über 36 Monate läuft. Dies stellt eine Erhöhung um 1,5 Millionen Dollar im Vergleich zu zuvor angekündigten Kaufaufträgen in der Region dar.
Die WAM-V USVs werden für hydrografische Anwendungen eingesetzt und bieten vielseitige Mehranwendungslösungen. Die Bestellung stärkt die Position von OPT im Bereich der maritimen Robotik mit künstlicher Intelligenz und demonstriert die wachsende Nachfrage nach ihren innovativen Lösungen in Lateinamerika.
- Secured $3M in purchase order commitments over 36 months
- Increased previous Latin American orders by $1.5M
- Expanded market presence in Latin America
- None.
Insights
New partner helps to further increase OPTs presence in region
MONROE TOWNSHIP, N.J., Dec. 09, 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 a new partnership, with
The WAM-V USV's, renowned for their cutting-edge technology and versatility, will be deployed in hydrographic applications and by utilizing their adaptability and reliability will provide our customer with an unrivaled versatile multi-application solution. This landmark order not only underscores the growing demand for OPT's innovative solutions but also solidifies the Company's position as a leader in the maritime artificial intelligence robotics sector.
Commenting on this significant achievement, Philipp Stratmann, President and CEO of Ocean Power Technologies, expressed his enthusiasm, stating, "We are thrilled to have a new partnership in Latin America, that builds on the growth we have seen in this region recently. This order highlights our continued commitment to delivering unparalleled solutions to the region that redefine possibilities in marine artificial intelligence."
With a proven track record of delivering state-of-the-art solutions tailored to meet the evolving needs of diverse industries, OPT remains at the forefront of innovation in the maritime artificial intelligence robotics sector.
The Company believes that its dedication to excellence and customer satisfaction continues to drive its success, enabling it to forge strategic partnerships and expand its global footprint.
For more information about Ocean Power Technologies and their innovative solutions, 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, including its anticipated penetration of the Latin America market. These forward-looking statements rely on a number of assumptions and estimates that could be inaccurate and subject to risks and uncertainties. Actual results, including the performance of the WAM-V USV's, 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 is the value of Ocean Power Technologies' (OPTT) new purchase order commitments in Latin America?
What will Ocean Power Technologies' (OPTT) WAM-V USV's be used for in Latin America?