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Ocean Power Technologies Achieves Contractual Milestone, Completed The New WAM-V Surface Vehicle For Immediate Delivery To Latin America

Author: Benzinga Newsdesk | September 09, 2024 08:05am

Ocean Power Technologies, Inc. (NYSE:OPTT) ("OPT" or the "Company"), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced it has achieved a major contractual milestone and completed the build of a new unmanned surface vehicle for delivery to a survey customer in Latin America. This delivery is part of the Company's previously announced expansion into the region, working with end customers and resellers. This milestone triggers revenue recognition of the fully integrated system, including survey equipment.

Posted In: OPTT


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