Ocean Power Technologies (OPT), a leader in sustainable maritime solutions, has achieved a major milestone with the delivery of its PowerBuoy Merrows system with artificial intelligence capability to a customer in the Middle East. This achievement marks the beginning of a new phase of revenue recognition for the company, which is in the midst of international expansion.
PowerBuoy Merrows enhances ocean safety
OPT CEO Philipp Stratmann highlighted the company’s ability to operate in diverse marine environments thanks to its technology powered by solar and wind power. “This delivery underscores our ability to provide clean and safe energy solutions around the world,” he said. He also noted that the company expects to consolidate its presence in the Middle East, a market with a growing interest in sustainable technologies for maritime safety.
The PowerBuoy Merrows is a stand-alone device that provides clean energy and real-time communications in remote maritime environments. With the integration of AI, this system is capable of improving ocean monitoring and protection, making OPT a benchmark in the transition to renewable energy in the maritime sector. The delivery also opens the door to future opportunities in a key region for the company’s expansion.
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Source and photo: Ocean Power Technologies
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