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OPT Completes Operation with Multiple USVs for US Government

The milestone enables immediate revenue recognition and builds on other recent multi-system deliveries and contract awards By Joseph Macey / 31 May 2024

Unmanned Surface Vehicles

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Ocean Power Technologies Completes Operation with Multiple USVs for US Government
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Ocean Power Technologies (OPT) has completed a major contractual milestone for a Department of the US Government. 

The company concluded operation of several simultaneously deployed Wave Adaptive Modular Vessel (WAM-V) unmanned surface vehicles (USV).

This milestone enables immediate revenue recognition and builds on other recent multi-system deliveries and contract awards.

Philipp Stratmann, CEO and President of OPT, said; “The completion of this operation is testament to the utility of our unmanned surface vehicles and the skills of our operators. We look forward to future operations and generating incremental value for our customers and shareholders.”

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Posted by Joseph Macey Joseph Macey is a Content Specialist at Defense Advancement, where he has focused on emerging defense technologies since joining in 2022. His expertise spans tactical UAS, rugged computing, and Satellite Communication Systems. After graduating in Journalism from Falmouth University, Joseph began his career in 2019 as a local reporter. His journalism background enhances both his reporting and interview skills, enabling him to provide insightful, authoritative analysis of the latest trends shaping the defense industry. Connect
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