Ocean Power Technologies Announces Participation in NATO Digital Ocean Industry Symposium
April 17 2024 - 8:15AM
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 that Chief Commercial Officer, Matt
Burdyny, will be presenting at the NATO Digital Ocean Industry
Symposium on April 17th, at NATO Headquarters in Brussels, Belgium.
The NATO Digital Ocean Industry Symposium is a landmark
initiative aimed at enhancing Maritime Situational Awareness (MSA)
from Seabed to Space. The symposium will focus on the exploitation
of Emerging and Disruptive Technologies, bringing together key NATO
stakeholders and industry leaders to forge a unified vision and
operational strategy.
Mr. Burdyny's presentation, titled "Leveraging Unmanned
Technology and the Value of Persistent Remote Surveillance in the
Maritime Fight," will highlight how OPT’s' cutting-edge solutions
can significantly contribute to the Digital Ocean's objectives. By
showcasing OPT’s advanced unmanned technologies and remote
surveillance systems, based on its Merrows suite of solutions, the
presentation will address how these innovations could provide
crucial capabilities in supporting persistent, agile, and adaptive
maritime operations.
"OPT is excited to participate in such a prestigious event and
to present our buoy, vehicle, and monitoring technologies that
align with NATO's vision of enhancing Maritime Domain Awareness
through advanced, integrated systems from Seabed to Space," said
Matt Burdyny. "Our commitment to developing efficient, persistent,
and effective solutions is key to supporting the critical missions
of global maritime security."
During the symposium, industry partners, including OPT, will
engage with NATO representatives to explore how emerging
technologies such as AI/ML applications, big data exploitation, and
advanced sensor systems can be integrated to address key
operational challenges faced in maritime environments.
Ocean Power Technologies is dedicated to pioneering the future
of ocean energy and its applications across global markets,
including defense, oil and gas, and ocean observing. Our
participation in the NATO Digital Ocean Industry Symposium
underscores our commitment to supporting global maritime security
efforts through technological innovation.
For more information about Ocean Power Technologies and its
Maritime Domain Awareness Solution,
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. 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®
autonomous surface vessels (ASVs) and marine robotics services. The
Company’s headquarters is 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 success of the Merrows initiative.
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 OPTT@investor.morrowsodali.com
Media: 609-730-0400 x402 or MediaRelations@oceanpowertech.com
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