Ocean Power Technologies Secures Purchase Orders for PowerBuoys in Latin America

(Image credit: OPT)
Ocean Power Technologies, Inc. (OPT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, announced a new partnership with an initial $2 million in purchase orders in Latin America. The purchase orders are for OPT’s Next Generation PowerBuoys®, which utilize a combination of wave, solar, and wind power generation.

The Next Generation PowerBuoy is a proven product that can be deployed for long durations in water depths ranging from coastal to deep ocean water and supports payload above and below the surface. The systems can be equipped with a range of communication solutions. This landmark order not only underscores the growing demand for OPT’s innovative solutions but also solidifies the company’s position as a leader in the marine intelligence and robotics industry.

Commenting on this significant achievement, Philipp Stratmann, President and CEO of Ocean Power Technologies, expressed his enthusiasm, stating, “We are thrilled to add PowerBuoys to our offering in Latin America. This order builds on the growth of our WAM-V solutions that we have seen in this region recently. We believe adding PowerBuoys will enable our customers to add permanent monitoring and marine intelligence solutions to the existing roaming capabilities we have started to deliver to the region. This order highlights our continued commitment to delivering unparalleled solutions to the region that redefine possibilities in marine intelligence.”

With a proven track record of delivering state-of-the-art solutions tailored to meet the evolving needs of diverse industries, OPT remains at the forefront of innovation in the maritime sector. 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.

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