Ocean Power Technologies, Inc., a provider of low-carbon marine power, data, and service solutions, recently announced it signed a reseller agreement with an unnamed Latin America-based partner focused on supporting the Mexican offshore and maritime markets.
This partnership 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 $3 million purchase commitment for OPT’s WAM-V Unmanned Surface Vehicles.
“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 an emerging player in the marine robotics sector. The company continues to prioritize channel-driven growth, scalable product deployments, and geographic expansion into high-potential markets.
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 integration of Maritime Domain Awareness Systems across platforms.
OPT’s headquarters is located in Monroe Township and has an additional office in Richmond, Calif.
