Ocean Power Technologies Signs Strategic Reseller Agreement in Latin America
Ocean Power Technologies (NYSE American: OPTT) has signed a strategic reseller agreement with a Latin American partner to expand its presence in the Mexican offshore and maritime markets. The agreement includes a $3 million purchase commitment for OPT's WAM-V® Unmanned Surface Vehicles.
The partnership enables the Latin American reseller to provide business development, sales, and technical support services in Mexico. This agreement is part of OPT's broader strategy to expand its global reseller network and deploy intelligent maritime solutions across security, energy, and commercial markets.
Ocean Power Technologies (NYSE American: OPTT) ha firmato un accordo strategico di rivendita con un partner latinoamericano per ampliare la sua presenza nei mercati offshore e marittimi del Messico. L'accordo prevede un impegno di acquisto di 3 milioni di dollari per i Veicoli di Superficie Senza Equipaggio WAM-V® di OPT.
La partnership consente al rivenditore latinoamericano di offrire servizi di sviluppo commerciale, vendite e supporto tecnico in Messico. Questo accordo fa parte della strategia più ampia di OPT di espandere la sua rete globale di rivenditori e di implementare soluzioni marittime intelligenti nei settori della sicurezza, dell'energia e commerciale.
Ocean Power Technologies (NYSE American: OPTT) ha firmado un acuerdo estratégico de reventa con un socio latinoamericano para ampliar su presencia en los mercados marítimos y offshore de México. El acuerdo incluye un compromiso de compra de 3 millones de dólares para los Vehículos de Superficie No Tripulados WAM-V® de OPT.
La asociación permite al revendedor latinoamericano ofrecer servicios de desarrollo comercial, ventas y soporte técnico en México. Este acuerdo forma parte de la estrategia más amplia de OPT para expandir su red global de revendedores y desplegar soluciones marítimas inteligentes en los mercados de seguridad, energía y comercial.
Ocean Power Technologies (NYSE American: OPTT)는 멕시코의 해양 및 해상 시장에서 입지를 확장하기 위해 라틴 아메리카 파트너와 전략적 리셀러 계약을 체결했습니다. 이 계약에는 OPT의 WAM-V® 무인 수상 차량에 대한 300만 달러 구매 약정이 포함되어 있습니다.
이 파트너십을 통해 라틴 아메리카 리셀러는 멕시코에서 사업 개발, 판매 및 기술 지원 서비스를 제공할 수 있게 됩니다. 이 계약은 보안, 에너지 및 상업 시장 전반에 걸쳐 지능형 해양 솔루션을 배포하고 글로벌 리셀러 네트워크를 확장하려는 OPT의 광범위한 전략의 일부입니다.
Ocean Power Technologies (NYSE American : OPTT) a signé un accord stratégique de revente avec un partenaire latino-américain afin d’étendre sa présence sur les marchés offshore et maritimes mexicains. L’accord inclut un engagement d’achat de 3 millions de dollars pour les véhicules de surface sans pilote WAM-V® d’OPT.
Ce partenariat permet au revendeur latino-américain de fournir des services de développement commercial, de vente et de support technique au Mexique. Cet accord s’inscrit dans la stratégie plus large d’OPT visant à étendre son réseau mondial de revendeurs et à déployer des solutions maritimes intelligentes dans les secteurs de la sécurité, de l’énergie et du commerce.
Ocean Power Technologies (NYSE American: OPTT) hat eine strategische Wiederverkäufervereinbarung mit einem lateinamerikanischen Partner unterzeichnet, um seine Präsenz auf den mexikanischen Offshore- und Maritimmärkten auszubauen. Die Vereinbarung beinhaltet eine 3-Millionen-Dollar-Kaufverpflichtung für OPTs WAM-V® unbemannte Oberflächenfahrzeuge.
Die Partnerschaft ermöglicht es dem lateinamerikanischen Wiederverkäufer, in Mexiko Geschäftsentwicklung, Vertrieb und technischen Support anzubieten. Diese Vereinbarung ist Teil von OPTs umfassenderer Strategie, sein globales Wiederverkäufernetzwerk zu erweitern und intelligente maritime Lösungen in den Bereichen Sicherheit, Energie und Handel einzusetzen.
- Secured $3 million purchase commitment for WAM-V® Unmanned Surface Vehicles
- Strategic expansion into Mexican offshore and maritime markets
- Strengthened distribution network through new reseller partnership
- None.
Insights
OPT secures $3M purchase commitment and Latin American market expansion through strategic Mexican reseller partnership.
Ocean Power Technologies (OPT) has signed a strategic reseller agreement with an unnamed Latin American partner focused on the Mexican offshore and maritime markets. This represents concrete commercial progress with
The partnership has three key strategic dimensions:
- Geographic expansion into the high-potential Mexican market, building on existing Latin American momentum
- Channel-driven growth leveraging the partner's established regional presence and relationships
- Product deployment pathway for OPT's intelligent maritime solutions across security, energy, and commercial applications
This deal fits into OPT's larger strategy of scaling through partnerships rather than direct sales alone. The
The agreement includes comprehensive support services spanning business development, sales, and technical support—suggesting a full-spectrum partnership rather than just a product reseller arrangement. This reflects OPT's focus on building sustainable distribution channels in emerging markets where local expertise and relationships are crucial for market penetration.
This partnership continues OPT's momentum in expanding their global reseller network while focusing on their core strengths in developing marine robotics technology rather than building extensive direct sales operations in each new market.
Agreement Includes a
MONROE TOWNSHIP, N.J., July 24, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced the signing of a new reseller agreement with a Latin America-based partner focused on supporting the Mexican offshore and maritime markets.
This partnership significantly expands OPT’s commercial footprint across Latin America, leveraging the reseller’s regional presence and relationships within Mexico. Under the agreement, the partner will provide business development, sales, and technical support services. The agreement also includes a
“This agreement represents another key step forward in continuing to scale OPT’s global reseller network and unlocking additional high-growth markets,” said Philipp Stratmann, CEO of Ocean Power Technologies. “This partnership opens a strong channel to deploy our intelligent maritime solutions across security, energy, and commercial markets in Mexico. It builds on our existing momentum in Latin America and advances our broader goal of global expansion through strategic partnerships.”
This partnership follows a series of recent agreements and deployments that reinforce OPT’s position as a global leader in the marine robotics sector. The Company continues to prioritize channel-driven growth, scalable product deployments, and geographic expansion into high-potential markets.
For more information about 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® unmanned surface vehicles (USV’s) and marine robotics services. The Company’s headquarters is located 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 potential success of our new reseller, the delivery of customer services, 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 is the value of Ocean Power Technologies' (OPTT) new reseller agreement in Latin America?
What markets will Ocean Power Technologies (OPTT) target through its new Latin American partnership?
Who signed the reseller agreement with Ocean Power Technologies (OPTT)?
What services will the Latin American reseller provide for Ocean Power Technologies (OPTT)?
What products are included in the Ocean Power Technologies (OPTT) reseller agreement?
