Ocean Power secures $1.5M in purchase orders for WAM-V USV’s in Latin America

Ocean Power Technologies announced the largest quantity order in the company’s history, marking a significant commercial milestone. A valued customer engaged in the offshore energy service industry in Latin America has placed purchase orders for multiple WAM-V USV’s, representing a substantial investment totaling over $1.5 million and highlighting OPT’s continued expansion in the region. Commenting on this significant achievement, Philipp Stratmann, President, and CEO of Ocean Power Technologies, expressed his enthusiasm, stating, “We are thrilled to see the growing interest and confidence in our technologies, particularly from our strategic partners in Latin America. This order marks a pivotal moment for OPT, highlighting our continued commitment to delivering unparalleled solutions to the region that redefine possibilities in marine robotics.”