OPT Announces Sulmara Subsea Executes Long-Term Call Off Order for Second WAM-V 16

Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine data, power, and consulting solutions and services, today announced that Sulmara Subsea (“Sulmara”) has executed a long-term call off order for a WAM-V 16 ASV (Autonomous Surface Vehicle) within their existing master service lease agreement with OPT.

This marks the second WAM-V 16 ASV that Sulmara has leased from OPT.

The WAM-V ASV is an uncrewed surface vehicle that delivers high-performance results for a range of offshore applications, including geophysical surveying, environmental monitoring, maritime security, and marine infrastructure inspections. The technology and design of the WAM-V enable efficient data collection and safe operations, contributing to a sustainable offshore energy industry.

The partnership between OPT and Sulmara underscores their commitment to the offshore energy industry and providing environmentally friendly and efficient solutions.