Ocean Power Technologies Awarded $1M Contract for Naval Information Warfare Center Pacific's Project Overmatch' Mission Autonomy Proving Grounds [Yahoo! Finance]
Ocean Power Technologies, Inc. (OPTT)
US:NASDAQ Investor Relations:
oceanpowertechnologies.gcs-web.com/node/5806
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Source: Yahoo! Finance
With this award, OPT will continue to ruggedize and enhance its operational capability of its autonomous maritime technologies to support the U.S. military and its allies. This should enable a system of systems (SoS) commercial off-the-shelf offering that will penetrate the maritime environment with scalable and attritable, full spectrum, unmanned solutions. The first set of exercises have already been concluded, leading to immediate revenue recognition. Philipp Stratmann, CEO of Ocean Power Technologies, commented, "We are thrilled to have been awarded this contract, which is a testament to the strength and innovation of our technology. We believe our participation in Project Overmatch has been a pivotal step in demonstrating how our solutions can significantly enhance the operational capabilities of the U.S. Navy." For additional details on Ocean Power Technologies and their involvement in Project Overmatch, please visit www.oceanpowertechnologies.com ABOUT OCEAN POWER TECHNO
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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 Appoints Remah International Group as Distributor in the UAEGlobeNewswire
- Ocean Power Technologies to exhibit Autonomous Vehicle Services at ADIPEC with Unique GroupGlobeNewswire
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