OPT

Ocean Power Technologies Completes Engineering of Merrows for Hot Climates

Retrieved on: 
Giovedì, Maggio 30, 2024
OPT, Ocean Power Technologies, Artificial intelligence, Engineering, Renewable energy

MONROE TOWNSHIP, N.J., May 30, 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 the necessary engineering for Merrows, its Artificial Intelligence capable Maritime Domain Awareness Solution, to be deployed in hot climates.

Key Points: 
  • MONROE TOWNSHIP, N.J., May 30, 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 the necessary engineering for Merrows, its Artificial Intelligence capable Maritime Domain Awareness Solution, to be deployed in hot climates.
  • The engineering efforts integrated lessons learned from current and previous deployments, including in Bahrain.
  • The Company had previously completed hot climate deployments of the WAM-Vs and is now offering its integrated Merrows solution across most of the globe.
  • Offering an integrated AI solution enables our potential customers to easily integrate PowerBuoys and WAM-Vs into their operations.”
    For additional information about OPT and its services, please visit our website Ocean Power Technologies .

Ocean Power Technologies Completes Operation with Multiple Unmanned Surface Vehicles for US Government

Retrieved on: 
Martedì, Maggio 28, 2024
OPT, Government, Ocean Power Technologies, Sales

This milestone enables immediate revenue recognition.

Key Points: 
  • This milestone enables immediate revenue recognition.
  • This milestone builds on other recent multi-system deliveries and contract awards.
  • Philipp Stratmann, CEO and President of OPT, expressed his enthusiasm about this milestone, stating, "The completion of this operation is testament to the utility of our unmanned surface vehicles and the skills of our operators.
  • We look forward to future operations and generating incremental value for our customers and shareholders.”
    For additional information about OPT and its services, please visit our website Ocean Power Technologies .

Ocean Power Technologies Successfully Demonstrates Advanced AI Solutions in the North Atlantic

Retrieved on: 
Lunedì, Maggio 6, 2024
Intelligence, Ocean Power Technologies, Artificiality, Algorithm, PowerBuoy, OPT, Artificial intelligence, Renewable energy

Further demonstrations for additional potential customers, including overseas prime contractors, are already scheduled to occur over the next few weeks.

Key Points: 
  • Further demonstrations for additional potential customers, including overseas prime contractors, are already scheduled to occur over the next few weeks.
  • Built with survivability and cybersecurity in mind, OPT can securely connect into this solution from anywhere in the world.
  • In addition to generating actionable intelligence, the data can also be used as a feed into Large Language Models or other Advanced AI systems.
  • For additional information about OPT and its services, please visit our website Ocean Power Technologies .

Ocean Power Technologies Announces Participation in NATO Digital Ocean Industry Symposium

Retrieved on: 
Mercoledì, Aprile 17, 2024
OPT, MSA, Disruptive innovation, Digital Ocean, Ocean Power Technologies, Value, Renewable energy

The NATO Digital Ocean Industry Symposium is a landmark initiative aimed at enhancing Maritime Situational Awareness (MSA) from Seabed to Space.

Key Points: 
  • The NATO Digital Ocean Industry Symposium is a landmark initiative aimed at enhancing Maritime Situational Awareness (MSA) from Seabed to Space.
  • The symposium will focus on the exploitation of Emerging and Disruptive Technologies, bringing together key NATO stakeholders and industry leaders to forge a unified vision and operational strategy.
  • Ocean Power Technologies is dedicated to pioneering the future of ocean energy and its applications across global markets, including defense, oil and gas, and ocean observing.
  • Our participation in the NATO Digital Ocean Industry Symposium underscores our commitment to supporting global maritime security efforts through technological innovation.

Ocean Power Technologies Announces Teaming Agreement with Major International Defense Contractor to Deploy Maritime Domain Awareness Solutions

Retrieved on: 
Martedì, Aprile 16, 2024
Ocean Power Technologies, Environmental monitoring, MDAS, OPT, Renewable energy

This alliance is set to advance maritime domain awareness through OPT's innovative Maritime Domain Awareness Solution (MDAS).

Key Points: 
  • This alliance is set to advance maritime domain awareness through OPT's innovative Maritime Domain Awareness Solution (MDAS).
  • Under the terms of the agreement, the defense contractor will have exclusive rights to provide OPT's MDAS solution within certain international geographic regions.
  • Mr. Philipp Stratmann, CEO and President of Ocean Power Technologies, expressed enthusiasm about the alliance, stating, "We are thrilled to join forces with a major international defense contractor to provide our Merrows suite of solutions to certain international regions.
  • For more information about Ocean Power Technologies and its Maritime Domain Awareness Solution, visit www.OceanPowerTechnologies.com .

Red Cat Begins Integration of Teal 2 Drones with Ocean Power Technologies Maritime Surveillance Solution for Air, Sea, and Subsea Defense and Security Missions

Retrieved on: 
Martedì, Aprile 9, 2024
Teledyne Technologies, Organization, Government, OPT, Science, Partnership, SAN, AI, RCAT, Software, ASVS, Teledyne FLIR, Atmosphere, Safety, Power supply unit (computer), UPS, Ocean Power Technologies

The partnership will enable organizations using OPT’s PowerBuoy® and WAM-V® platforms to deploy Teal 2 Drones as part of their strategy to leverage autonomous vehicles to assess and address maritime threats in real time.

Key Points: 
  • The partnership will enable organizations using OPT’s PowerBuoy® and WAM-V® platforms to deploy Teal 2 Drones as part of their strategy to leverage autonomous vehicles to assess and address maritime threats in real time.
  • “Partnering with Ocean Power Technologies is a significant part of our strategy to address the needs and requirements of the Pentagon’s Replicator Initiative with drone and swarming capabilities across multiple domains, including maritime missions,” said George Matus, Red Cat’s Chief Technology Officer.
  • “Our core mission is to provide advanced autonomy solutions for greater maritime situational awareness for a variety of science and technology applications, including defense and security missions,” said Matt Burdyny, Chief Commercial Officer of Ocean Power Technologies.
  • OPT’s PowerBuoy® can act as an Uninterruptable Power Supply (UPS) which constantly recharges itself by harvesting energy from the waves.

Ocean Power Technologies Announces Strategic Alliance with Red Cat for Advanced Maritime Defense Solutions

Retrieved on: 
Lunedì, Aprile 8, 2024
OPT, Night vision, Intelligence, Software, RCAT, Atmosphere, Power supply unit (computer), UPS, Ocean Power Technologies, Pentagon, Government, ASV, Risk management

This collaboration signifies a material step forward in enhancing maritime domain awareness capabilities for air, sea, and subsea defense and security missions.

Key Points: 
  • This collaboration signifies a material step forward in enhancing maritime domain awareness capabilities for air, sea, and subsea defense and security missions.
  • Through this relationship, OPT's PowerBuoy® and WAM-V® platforms will be integrated with Red Cat’s Teal 2 Drones, facilitating a new era of autonomous vehicle deployment.
  • This integration aims to provide real-time, actionable intelligence to counter maritime threats, thereby revolutionizing situational awareness and operational safety for reconnaissance and defense forces.
  • Matt Burdyny, Chief Commercial Officer of Ocean Power Technologies, highlighted the importance of this alliance, stating, "Our collaboration with Red Cat aligns perfectly with our mission to advance maritime autonomy for defense and security missions among other applications.

Ocean Power Technologies Announces “Merrows”: A Consolidated Solution for Maritime Domain Awareness

Retrieved on: 
Martedì, Aprile 2, 2024
Control, Machine learning, Cyber, OPT, MDA, Data analysis, Maritime domain awareness, Communication, Computer, PB, Data collection, Command, Collection, Ocean Power Technologies, Artificial intelligence

Merrows will be OPT’s groundbreaking consolidated solution offering comprehensive ocean surveillance.

Key Points: 
  • Merrows will be OPT’s groundbreaking consolidated solution offering comprehensive ocean surveillance.
  • Maritime Domain Awareness represents a complex challenge that encompasses the collection and transmission of data relating to all aspects of, on, under, adjacent to, or bordering on a sea, ocean, or other navigable waterway.
  • Ocean security is national security, and through Merrows, OPT is dedicated to providing the technologies and insights necessary to secure our maritime domains.
  • For more information about Ocean Power Technologies, visit www.OceanPowerTechnologies.com .

Ocean Power Technologies to Present at the AI & Technology Hybrid Investor Conference Presented by Water Tower Research on April 10

Retrieved on: 
Lunedì, Aprile 1, 2024
Environmental monitoring, Conference, OPT, CFO, AI, NPS, Data collection, AT&T, Ocean Power Technologies, Renewable energy

This will be a live, interactive online event where investors are invited to ask questions in real time.

Key Points: 
  • This will be a live, interactive online event where investors are invited to ask questions in real time.
  • To learn more about the event, click this link: AI & Technology Hybrid Investor Conference Presented by Water Tower Research .
  • This deployment signifies the first installation of AT&T cellular technology on one of OPT's commercially proven ocean buoys.
  • These orders underscore the growing demand for OPT's advanced marine technologies and their applications in maritime surveillance, environmental monitoring, and ocean data collection.

Ocean Power Technologies Secures $1.5 Million in Purchase Orders for WAM-V USV's in Latin America

Retrieved on: 
Martedì, Marzo 26, 2024
Robotics, History, Ocean Power Technologies, OPT, Renewable energy

A valued customer engaged in the offshore energy service industry in Latin America has placed purchase orders for multiple WAM-V USV's, representing a substantial investment totaling over $1.5 million and highlighting OPT’s continued expansion in the region.

Key Points: 
  • A valued customer engaged in the offshore energy service industry in Latin America has placed purchase orders for multiple WAM-V USV's, representing a substantial investment totaling over $1.5 million and highlighting OPT’s continued expansion in the region.
  • Commenting on this significant achievement, Philipp Stratmann, President, and CEO of Ocean Power Technologies, expressed his enthusiasm, stating, "We are thrilled to see the growing interest and confidence in our technologies, particularly from our strategic partners in Latin America.
  • The company's dedication to excellence and customer satisfaction continues to drive its success, enabling it to forge strategic partnerships and expand its global footprint.
  • For more information about Ocean Power Technologies and their innovative solutions, please visit our website: Ocean Power Technologies