other material
confidence high
sentiment neutral
materiality 0.30
Ocean Power Technologies appoints Kuwait service partner and ships WAM-V to UAE
Ocean Power Technologies, Inc.
- Signed agreement with 3B General Trading & Contracting Co. to explore offshore energy projects in Kuwait using PowerBuoys and WAM-Vs.
- Shipped a 22ft WAM-V Unmanned Surface Vehicle to the UAE for exhibition at ADIPEC in November with partner Unique Group.
- CEO Philipp Stratmann states the partnership and shipment reflect continued growth and demand in the Middle East region.