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MONROE TOWNSHIP, N.J., Aug. 01, 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 the filing of a patent pending for its groundbreaking docking and recharging buoy technology, specifically designed for the Wave Adaptive Modular Vessel (WAM-V) Unmanned Surface Vehicle (USV). This advanced system has already been successfully demonstrated, showcasing its potential to revolutionize the operational efficiency of autonomous marine vessels.
Significant Improvement in Revenue and Gross Margin
First confirmed order since being selected as preferred supplier
OPT to Discuss Investing in Growth and Commercialization Opportunities
Will explore opportunities to advance Blue Economy projects
Includes an immediate sale of a WAM-V
Approaches 15MWh of Renewable Energy Production
Completes Several Customer Field Demonstrations in Support of Sales Activities
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