Ocean Power Ships WAM-V Unmanned Surface Vehicle to UAE and Expands Middle East Presence

Proactive - Interviews for investors

Ocean Power Technologies CEO Philipp Stratmann joined Steve Darling from Proactive shared exciting developments announcing the shipment of a WAM-V Unmanned Surface Vehicle to the UAE. This follows the company's June 2024 partnership with Unique Group, a UAE-based offshore services provider. OPT and Unique Group will exhibit the 22ft WAM-V at the upcoming ADIPEC event in Abu Dhabi from November 4-7, 2024, showcasing cutting-edge energy innovations alongside over 2,200 global organizations. Stratmann also revealed that OPT has signed an agreement with 3B General Trading & Contracting to explore offshore energy and maritime projects in Kuwait. The partnership aims to deploy OPT’s autonomous WAM-V vehicles and Next Generation PowerBuoys equipped with AI-powered Merrows, enhancing offshore energy generation and ocean intelligence capabilities in the growing Kuwaiti market. #proactiveinvestors #oceanpowertechnologiesinc #nyseamerican #optt #PhillipStratmann, #USGovernmentContract, #OffshoreAutonomy, #MaritimeSecurity, #CommercialPlatforms, #GrowthStrategy, #BuoyBusiness, #VehicleBusiness, #InternationalExpansion, #ReadyToDeploy, #AutonomousSystems, #EconomicImpact, #ShippingLanes, #FreedomOfNavigation, #CostEffectiveSolutions, #LowEmissionTech, #SecurityInnovation, #GlobalShipping, #ProactiveNewsroom#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews