Ocean Power Technologies Signs Reseller Agreement with Survey Equipment Services for the USA
08 Julio 2024 - 7:15AM
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, is pleased to announce the signing of a reseller
agreement with Survey Equipment Services, Inc. (“SES”) a specialist
in the supply of Marine Survey and Navigation equipment. The
agreement focuses on the provision of OPT’s Unmanned Surface
Vehicles (USV), the WAM-Vs, in the USA. It also includes provisions
for operators. SES has procured a WAM-V available immediately for
demonstrations and is providing support for ongoing operations.
Philipp Stratmann, CEO of OPT, expressed his
enthusiasm on the partnership: "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."
For additional information about OPT and its services, please
visit our website Ocean Power Technologies. For
additional information about Survey Equipment Services and its
services please visit their website Survey Equipment Services.
ABOUT OCEAN POWER TECHNOLOGIES
OPT provides intelligent maritime solutions and services that
enable safer, cleaner, and more productive ocean operations for the
defense and security, oil and gas, science and research, and
offshore wind markets. Our PowerBuoy® platforms provide clean and
reliable electric power and real-time data communications for
remote maritime and subsea applications. We also provide WAM-V®
autonomous surface vessels (ASVs) and marine robotics services. The
Company’s headquarters is in Monroe Township, New
Jersey and has an additional office in Richmond,
California. To learn more,
visit www.OceanPowerTechnologies.com.
FORWARD-LOOKING STATEMENTS:
This release may contain forward-looking statements that are
within the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements are
identified by certain words or phrases such as "may", "will",
"aim", "will likely result", "believe", "expect", "will continue",
"anticipate", "estimate", "intend", "plan", "contemplate", "seek
to", "future", "objective", "goal", "project", "should", "will
pursue" and similar expressions or variations of such expressions.
These forward-looking statements reflect the Company's current
expectations about its future plans and performance. These
forward-looking statements rely on a number of assumptions and
estimates that could be inaccurate and subject to risks and
uncertainties, including the potential success with our new
partner, Survey Equipment Services, the delivery of customers
services and the conversion of potential customers to contracts and
the realization of the potential revenue thereunder. Actual results
could vary materially from those anticipated or expressed in any
forward-looking statement made by the Company. Please refer to the
Company's most recent Forms 10-Q and 10-K and subsequent filings
with the U.S. Securities and Exchange Commission for further
discussion of these risks and uncertainties. The Company disclaims
any obligation or intent to update the forward-looking statements
in order to reflect events or circumstances after the date of this
release.
Contact Information
Investors: 203-561-6945 or investorrelations@oceanpowertech.com
Media: 609-730-0400 x402 or MediaRelations@oceanpowertech.com
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