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0.0569522832221652 0.102616726526424 -0.0179579271421243 -0.00153925089789647 -0.0502821959979478 -0.0256541816316061 -0.0266803488968704 -0.0256541816316061
Stock impact report

Ocean Power Technologies Successfully Demonstrates Advanced AI Solutions in the North Atlantic

Ocean Power Technologies, Inc. (OPTT) 
Company Research Source: GlobeNewswire
MONROE TOWNSHIP, N.J., May 06, 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 it has completed multiple offshore demonstrations for potential customers of its Artificial Intelligence capable Maritime Domain Awareness Solution, Merrows. These demonstrations were conducted using the recently deployed Next Generation PowerBuoy. Further demonstrations for additional potential customers, including overseas prime contractors, are already scheduled to occur over the next few weeks. The successful field demonstrations put OPT into the unique position of showcasing the fully functional Intelligence, Surveillance, and Reconnaissance capabilities of the PowerBuoy, bypassing the need for lengthy paper studies and accelerating the sales cycle. Built with survivability and cybersecurity in mind, OPT can securely connect into th Show less Read more
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