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Ocean Power Technologies Secures Contract for AI-Enhanced PowerBuoy

Ocean Power Technologies secures significant new contract for the immediate delivery of a PowerBuoy equipped with Merrows, its cutting-edge Artificial Intelligence capable Maritime Domain Awareness Solution. CEO Philipp Stratmann shared this exciting news with Proactive, highlighting that this contract, focused on deployment in the Middle East, is set to generate revenues within the current quarter.

This news matters because it demonstrates the continued growth and strategic importance of Ocean Power Technologies in delivering advanced maritime technology solutions worldwide. The deployment of this AI-enhanced PowerBuoy not only strengthens OPT's presence in the Middle East but also exemplifies its commitment to delivering advanced maritime technology solutions worldwide.