Ocean Power Technologies Completes Multiple Unmanned Surface Vehicle Operation for US Government

DENVER, Colo., May 28, 2024 (247marketnews.com)- Ocean Power Technologies, Inc. (NYSE:OPTT) completed a key contractual milestone, which enables immediate revenue recognition, and concluded operation of several simultaneously deployed WAM-Vs for the US Government.

OPT’s CEO and President, Philipp Stratmann, commented, “The completion of this operation is testament to the utility of our unmanned surface vehicles and the skills of our operators. We look forward to future operations and generating incremental value for our customers and shareholders.”

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