Ocean Power Technologies Chosen as Preferred Supplier for PowerBuoy with Merrows in Middle East
Ocean Power Technologies selected as preferred supplier for PowerBuoy with Merrows in Middle East. Significant growth opportunity in the Middle East market.
This news matters as it highlights OPT's strategic move to expand its market presence in the Middle East and leverage advanced maritime technologies to meet growing demand. The selection as a preferred supplier for a PowerBuoy equipped with Merrows signifies significant opportunities for OPT and potential integration of additional Wave Adaptive Modular Vessels (WAM-Vs) into their operations.
