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Ocean Power Technologies Signs Reseller Agreement with Survey Equipment Services for the USA

MONROE TOWNSHIP, N.J., July 08, 2024 (GLOBE NEWSWIRE) -- 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, is pleased to announce the signing of a reseller agreement with Survey Equipment Services, Inc. ("SES") a specialist in the supply of Marine Survey and Navigation equipment. The agreement focuses on the provision of OPT's Unmanned Surface Vehicles (USV), the WAM-Vs, in the USA. It also includes provisions for operators. SES has procured a WAM-V available immediately for demonstrations and is providing support for ongoing operations. Philipp Stratmann, CEO of OPT, expressed his enthusiasm on the partnership: "We are excited to partner with SES. This agreement allows us to leverage SES's offering of survey and navigation equipment and deploy WAM-V's to SES's customer base. This partnership further accelerates our growth and enables ...