Ocean Power Technologies Enters Reseller Agreement with Survey Equipment Services

DENVER, Colo., Jul 08, 2024 (247marketnews.com)- Ocean Power Technologies, Inc. (NYSE:OPTT) stated that it entered a reseller agreement with Survey Equipment Services, Inc. that focuses on the provision of OPT’s Unmanned Surface Vehicles (USV), the WAM-Vs, in the USA, and includes an immediate sale of a WAM-V.

Philipp Stratmann, CEO of OPT, commented, “We are excited to partner with SES. This agreement allows us to leverage SES’s offering of survey and navigation equipment and deploy WAM-V’s to SES’s customer base. This partnership further accelerates our growth and enables additional revenue stream.”

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