Ocean Power announces sale of WAM-V to new customer in Latin America

Ocean Power (OPTT) Technologies announced the sale of a Wave Adaptive Modular Vessel, WAM-V, to a new customer in Latin America, for an onshore mining industry application, marking a significant expansion into a new industry. This latest sale underscores OPT’s commitment to delivering cutting-edge autonomous surface vessel, ASV, technology to industries beyond its traditional markets. The customer, whose identity remains undisclosed for confidentiality reasons, operates in the mining sector and will utilize the WAM-V(R) for bathymetry surveys related to the mining industry. This application demonstrates the WAM-V(R) adaptability to evolving needs both offshore and onshore.