Ocean Power Technologies Ships Multi-Day Capable WAM-V® for Indo-Pacific Operations
Ocean Power Technologies (NYSE American: OPTT) has announced the shipment of an advanced WAM-V® 22' vessel with autonomous capabilities. The vessel successfully demonstrated its ability to conduct continuous survey operations for three days without returning to base.
The WAM-V® is equipped with 24/7 operational payloads and can deploy various sensing capabilities both above and below the waterline. During testing, it completed a three-day fully remote continuous survey operation while carrying a simulated survey payload.
CEO Philipp Stratmann highlighted this achievement as a significant milestone for OPT, emphasizing the vessel's importance for Pacific Ocean operations. The WAM-V® is designed to perform multiple functions, including:
- Extended maritime surveys
- Maritime security operations
- Environmental research
Ocean Power Technologies (NYSE American: OPTT) ha annunciato la spedizione di un avanzato natante WAM-V® da 22' con capacità autonome. L'imbarcazione ha dimostrato con successo la sua capacità di effettuare operazioni di rilevamento continue per tre giorni senza dover tornare alla base.
Il WAM-V® è dotato di payload operativi 24/7 e può impiegare diverse capacità di rilevamento sia sopra che sotto la linea di galleggiamento. Durante i test, ha completato un'operazione di rilevamento continua completamente remota per tre giorni trasportando un payload di simulazione.
Il CEO Philipp Stratmann ha sottolineato questo risultato come una pietra miliare significativa per OPT, evidenziando l'importanza dell'imbarcazione per le operazioni nell'Oceano Pacifico. Il WAM-V® è progettato per svolgere molteplici funzioni, tra cui:
- Rilevamenti marittimi estesi
- Operazioni di sicurezza marittima
- Ricerca ambientale
Ocean Power Technologies (NYSE American: OPTT) ha anunciado el envío de una avanzada embarcación WAM-V® de 22' con capacidades autónomas. La embarcación demostró con éxito su capacidad para realizar operaciones continuas de sondeo durante tres días sin regresar a la base.
El WAM-V® está equipado con cargas útiles operativas 24/7 y puede desplegar diversas capacidades de detección tanto por encima como por debajo de la línea de flotación. Durante las pruebas, completó una operación continua de sondeo completamente remota de tres días mientras llevaba una carga útil simulada.
El CEO Philipp Stratmann destacó este logro como un hito importante para OPT, enfatizando la importancia de la embarcación para las operaciones en el Océano Pacífico. El WAM-V® está diseñado para realizar múltiples funciones, incluyendo:
- Sondeos marítimos extendidos
- Operaciones de seguridad marítima
- Investigación ambiental
Ocean Power Technologies (NYSE American: OPTT)는 자율 운항 기능을 갖춘 첨단 WAM-V® 22피트 선박의 출하를 발표했습니다. 이 선박은 기지로 돌아가지 않고 3일간 연속 조사 작업을 성공적으로 수행했습니다.
WAM-V®는 24시간 운영 가능한 페이로드를 갖추고 있으며 수면 위와 아래 모두에서 다양한 센서 기능을 배치할 수 있습니다. 테스트 중에는 시뮬레이션 조사 페이로드를 탑재한 상태로 3일간 완전 원격 연속 조사 작업을 완료했습니다.
CEO 필립 스트랫만은 이 성과를 OPT에 중요한 이정표로 강조하며, 이 선박이 태평양 작전에서 갖는 중요성을 언급했습니다. WAM-V®는 다음과 같은 다양한 기능을 수행하도록 설계되었습니다:
- 장기 해양 조사
- 해양 보안 작전
- 환경 연구
Ocean Power Technologies (NYSE American : OPTT) a annoncé l'expédition d'un navire avancé WAM-V® de 22' doté de capacités autonomes. Le navire a démontré avec succès sa capacité à effectuer des opérations de relevé continues pendant trois jours sans revenir à la base.
Le WAM-V® est équipé de charges utiles opérationnelles 24/7 et peut déployer diverses capacités de détection au-dessus et en dessous de la ligne de flottaison. Lors des tests, il a réalisé une opération de relevé continue entièrement à distance pendant trois jours tout en transportant une charge utile simulée.
Le PDG Philipp Stratmann a souligné cet accomplissement comme une étape importante pour OPT, mettant en avant l'importance du navire pour les opérations dans l'océan Pacifique. Le WAM-V® est conçu pour remplir plusieurs fonctions, notamment :
- Relevés maritimes étendus
- Opérations de sécurité maritime
- Recherche environnementale
Ocean Power Technologies (NYSE American: OPTT) hat den Versand eines fortschrittlichen WAM-V® 22' Schiffes mit autonomen Fähigkeiten angekündigt. Das Schiff demonstrierte erfolgreich seine Fähigkeit, drei Tage lang kontinuierliche Vermessungsarbeiten durchzuführen, ohne zur Basis zurückzukehren.
Der WAM-V® ist mit 24/7 einsatzbereiten Nutzlasten ausgestattet und kann verschiedene Sensorfähigkeiten sowohl oberhalb als auch unterhalb der Wasserlinie einsetzen. Während der Tests absolvierte es eine dreitägige vollständig ferngesteuerte kontinuierliche Vermessung mit einer simulierten Vermessungsnutzlast.
CEO Philipp Stratmann hob diesen Erfolg als bedeutenden Meilenstein für OPT hervor und betonte die Wichtigkeit des Schiffes für Operationen im Pazifischen Ozean. Der WAM-V® ist für mehrere Aufgaben konzipiert, darunter:
- Ausgedehnte maritime Vermessungen
- Maritime Sicherheitsoperationen
- Umweltforschung
- Successfully demonstrated 3-day continuous autonomous survey operations without requiring base return
- Expanded operational capabilities for Pacific Ocean market with 24/7 payload functionality
- Enhanced service offering with multi-purpose capabilities (survey, maritime security, environmental research)
- Advanced technology integration with both above and below waterline sensing capabilities
- None.
Insights
OPT's new WAM-V vessel delivers multi-day autonomous operation capability, enhancing maritime survey potential for Indo-Pacific operations.
The WAM-V® 22' autonomous vessel shipment represents a technical evolution in Ocean Power Technologies' maritime capabilities. The vessel's demonstrated ability to conduct three days of continuous survey operations without returning to base addresses a significant operational challenge for maritime customers, particularly in expansive regions like the Indo-Pacific.
The technological significance lies in the vessel's 24/7 operational payload capacity over multiple days, which enhances efficiency for offshore survey missions. Traditional autonomous vessels typically face operational duration limitations that necessitate frequent returns to base for recharging, refueling, or data transfers.
What makes this development noteworthy is the vessel's application versatility. As stated by CEO Stratmann, the WAM-V® can support "survey, maritime security, and/or environmental research" missions with its sensor array capabilities both above and below the waterline. This multi-function potential expands its utility across different maritime operation segments.
The Indo-Pacific focus is strategically relevant given the vast maritime spaces in that region where extended autonomous operations deliver particular logistical and cost advantages. The ability to maintain continuous operations for multiple days directly addresses the operational challenges posed by these extensive ocean environments.
OPT's milestone WAM-V shipment demonstrates technical progress but lacks quantifiable financial impact information.
This announcement marks a product capability advancement for Ocean Power Technologies rather than a major commercial breakthrough. While the company characterizes the shipment as a "great milestone," the press release contains no financial projections, order quantities, or contract values that would indicate immediate revenue impact.
The practical business implication is that OPT has advanced its technical capabilities in the autonomous maritime vessel market, specifically addressing operational duration challenges. The multi-day capability potentially enhances the company's value proposition, particularly for customers operating in the Indo-Pacific region where vast distances make extended mission duration valuable.
From a product development perspective, this represents positive progress in OPT's maritime technology portfolio. The successful demonstration validates the company's ability to deliver on prolonged autonomous operations, which could strengthen its competitive positioning.
However, the announcement appears to reference a single unit shipment rather than a larger production run or significant contract fulfillment. Without details on order pipeline, customer commitments, or revenue potential, the immediate financial impact remains undefined. While technically promising, the news provides insufficient information to project material impact on OPT's financial performance in the near term.
Successfully demonstrates three days of continuous survey operations
MONROE TOWNSHIP, N.J., April 30, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) ("OPT" or the "Company"), a leader in innovative, cost-effective, low-carbon and artificial intelligence maritime services that enable safer and more productive ocean operations and related power, data, and service solutions, today announced the shipment of a WAM-V® 22’ with autonomous capabilities designed to provide offshore surveys with 24/7 operational payloads for multiple days without requiring a return to base.
This WAM-V® recently completed a successful demonstration, conducting a three day fully remote, continuous survey operation, while deploying a simulated survey payload.
Philipp Stratmann, CEO of Ocean Power Technologies, commented, "This is a great milestone for OPT. The vastness of the Pacific Ocean makes this an important capability for our customers. This design enables the WAM-V® to conduct prolonged operations inclusive of survey, maritime security, and/or environmental research with a complex array of above and below the waterline sensing capability."
For additional details on Ocean Power Technologies, please visit www.oceanpowertechnologies.com.
ABOUT OCEAN POWER TECHNOLOGIES
OPT provides intelligent maritime solutions and services that enable safer, cleaner, and more productive ocean operations for the defense and security, oil and gas, science and research, and offshore wind markets, including Merrows™, which provides AI capable seamless integration of Maritime Domain Awareness Systems across platforms. Our PowerBuoy® platforms provide clean and reliable electric power and real-time data communications for remote maritime and subsea applications. We also provide WAM-V® autonomous surface vessels (ASVs) and marine robotics services. The Company’s headquarters is in Monroe Township, New Jersey and has an additional office in Richmond, California. To learn more, visit www.OceanPowerTechnologies.com.
FORWARD-LOOKING STATEMENTS
This release may contain forward-looking statements that are within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified by certain words or phrases such as "may", "will", "aim", "will likely result", "believe", "expect", "will continue", "anticipate", "estimate", "intend", "plan", "contemplate", "seek to", "future", "objective", "goal", "project", "should", "will pursue" and similar expressions or variations of such expressions. These forward-looking statements reflect the Company's current expectations about its future plans and performance. These forward-looking statements rely on a number of assumptions and estimates that could be inaccurate and subject to risks and uncertainties, including the continued shipment of WAM-V®s with autonomous capabilities designed to provide offshore surveys for multiple days without requiring a return to base, the potential continuing success with the delivery of customer services over extended timeframes, the conversion of potential customers to contracts and the realization of the potential revenue thereunder. Actual results could vary materially from those anticipated or expressed in any forward-looking statement made by the Company. Please refer to the Company's most recent Forms 10-Q and 10-K and subsequent filings with the U.S. Securities and Exchange Commission for further discussion of these risks and uncertainties. The Company disclaims any obligation or intent to update the forward-looking statements in order to reflect events or circumstances after the date of this release.
CONTACT INFORMATION Investors: 203-561-6945 or investorrelations@oceanpowertech.com Media: 609-730-0400 x402 or MediaRelations@oceanpowertech.com
FAQ
What breakthrough did Ocean Power Technologies (OPTT) achieve with their WAM-V vessel in April 2025?
How long can the new OPTT WAM-V operate continuously in the Pacific Ocean?
What maritime operations can OPTT's WAM-V 22' perform in the Indo-Pacific region?
What makes OPTT's WAM-V technology significant for Pacific Ocean operations?
What autonomous capabilities does Ocean Power Technologies' WAM-V vessel feature?
