Ocean Power Technologies Completes Operation with Multiple Unmanned Surface Vehicles for US Government
OPTTOcean Power Technologies(OPTT) globenewswire.com·2024-05-28 19:00

MONROE TOWNSHIP, N.J., May 28, 2024 (GLOBE NEWSWIRE) -- 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, today announced it has completed a major contractual milestone and concluded operation of several simultaneously deployed WAM-Vs for a Department of the US Government. This milestone enables immediate revenue recognition. This milestone builds on other recent multi-system deliveri ...