OPT earns largest quantity order in company history

Ocean Power Technologies, the maritime solutions company based in Monroe Township, announced Tuesday that it has received the largest order in its history in terms of quantity.

A customer in the offshore energy service industry in the Latin American region has placed purchase orders for multiple WAM-V vessels, with the investment totaling more than $1.5 million.

“We are thrilled to see the growing interest and confidence in our technologies, particularly from our strategic partners in Latin America,” CEO and President Philipp Stratmann said in a prepared statement. “This order marks a pivotal moment for OPT, highlighting our continued commitment to delivering unparalleled solutions to the region that redefine possibilities in marine robotics.”

OPT’s WAM-Vs are noted for their cutting-edge technology and versatility. They will be deployed in hydrographic applications, the company said.