Ocean Power signs $0.5M extension to provide WAM-V 22

Ocean Power Technologies announced a $0.5M extension of its contract to continue providing their WAM-V 22 Autonomous Surface Vehicle asset to a US Government Agency Overseas for ongoing autonomous maritime activities. The contract extends through September 30, 2023, and is a testament to the capabilities of the WAM-V ASV and OPT’s skilled operators, securing recurring revenues and supporting the company’s long-term growth plans and anticipated path to positive cash flow.