Ocean Power Technologies awarded contract for multiple WAM-Vs to Allied Forces

Ocean Power Technologies, Inc.

Contract for multiple WAM-Vs with integrated sensors and operators as COCO delivery in late Spring 2025.
Order from an international defense customer (Allied Forces); terms undisclosed due to sensitivity.
Builds on recent commercial success for autonomous Maritime Domain Awareness and Mine Counter Measure Solutions.
CEO Philipp Stratmann says agreement is proof of role in future ocean security.
Company also announced management fireside chat on May 6, 2025, at 11 a.m. ET.

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