Proactive - Interviews for investors

Ocean Power Technologies demonstrates multi-day offshore survey capabilities with autonomous WAM-V

Episode Summary

Ocean Power Technologies CEO Philipp Stratmann joined Steve Darling from Proactive to share that the company has successfully completed a significant set of exercises in California, showcasing the autonomous capabilities of its Wave Adaptive Modular Vessel (WAM-V). The WAM-V demonstrated its ability to perform offshore surveys for multiple days without needing to return to base, marking a major milestone in autonomous marine technology. During these trials, the WAM-V 22 hosted a complete seabed survey payload and provided real-time hydrographic and survey data collection over several days. This multi-day operational capability is a result of recent design enhancements, which enable extended operations at sea while supporting power-intensive offshore instrumentation. Stratmann emphasized that this innovation allows customers to achieve greater persistence at sea, offering increased efficiency and unlocking new opportunities in markets requiring long-duration offshore operations. By reducing the need for frequent returns to base, the upgraded WAM-V is poised to deliver cost-effective and sustainable solutions for offshore surveying and monitoring. This advancement underscores Ocean Power Technologies’ commitment to revolutionizing offshore operations through innovative and autonomous technologies. #proactiveinvestors #oceanpowertechnologiesinc #nyseamerican #optt #PhillipStratmann, #USGovernmentContract, #OffshoreAutonomy, #MaritimeSecurity, #CommercialPlatforms, #GrowthStrategy, #BuoyBusiness, #VehicleBusiness, #InternationalExpansion, #ReadyToDeploy