Ocean Power Technologies Enters New Market with WAM-V® Sale for a Mining Deployment in Latin America
Ocean Power Technologies, Inc. (OPTT)
US:NASDAQ Investor Relations:
oceanpowertechnologies.gcs-web.com/node/5806
Company Research
Source: GlobeNewswire
MONROE TOWNSHIP, N.J., March 25, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (“OPT” or “Company”) (NYSE American: OPTT), a leader in innovative maritime solutions, today announced the sale of a Wave Adaptive Modular Vessel (WAM-V®) to a new customer in Latin America, for an onshore mining industry application, marking a significant expansion into a new industry. This latest sale underscores OPT’s commitment to delivering cutting-edge autonomous surface vessel (ASV) technology to industries beyond its traditional markets. The customer, whose identity remains undisclosed for confidentiality reasons, operates in the mining sector and will utilize the WAM-V® for bathymetry surveys related to the mining industry. This application demonstrates the WAM-V® adaptability to evolving needs both offshore and onshore. “This sale represents a major milestone for OPT as we continue to expand the applications of our WAM-V® technology across new industries and geographies,” said Ph
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OPTT
Sec Filings
- 12/16/25 - Form 4
- 12/16/25 - Form 8-K
- 12/15/25 - Form 4
- OPTT's page on the SEC website