Ocean Power Technologies Appoints Remah International Group as Distributor in the UAE
Ocean Power Technologies, Inc. (OPTT)
US:NASDAQ Investor Relations:
oceanpowertechnologies.gcs-web.com/node/5806
Company Research
Source: GlobeNewswire
MONROE TOWNSHIP, N.J., Oct. 21, 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 signed a Distributor Agreement with Remah International Group (“RIG”), a privately held and UAE headquartered company with a focus on both military and civilian services. Through its locally owned group of 48 companies, RIG partners with esteemed solution providers globally, including Northrop Grumman and SAAB, to ensure the highest levels of service and product are supplied to the UAE. OPT and RIG will collaborate to promote, distribute, sell, and service OPT’s suite of solutions, including its WAM-V® Unmanned Surface Vehicles (“USV”), the Next Generation Powerbuoy®, and the AI capable Merrows™, to the defense and security industry in the UAE. The Agreement is valid immediately and calls for the parties to explore additional expans
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News
- Ocean Power Technologies to Release Fiscal 2025 Second Quarter Early Earnings on December 2, 2024GlobeNewswire
- Ocean Power Technologies Secures Follow-On Order for WAM-V 8 and Delivers WAM-V 16 and WAM-V 22 to Latin AmericaGlobeNewswire
- Ocean Power Technologies Completes Major Milestone for Naval Information Warfare Center Pacific’s Project OvermatchGlobeNewswire
- Ocean Power Technologies to exhibit Autonomous Vehicle Services at ADIPEC with Unique GroupGlobeNewswire
- Ocean Power Technologies Appoints Authorized Service Partner in Kuwait for PowerBuoys® and WAM-Vs®GlobeNewswire
OPTT
Sec Filings
- 11/18/24 - Form DEF
- 11/15/24 - Form 4
- 11/1/24 - Form 8-K
- OPTT's page on the SEC website