Ocean Power Technologies Expands with New Office in D.C.

Ocean Power Technologies Expands with New Office in D.C.

Ocean Power Technologies, Inc. (NYSE American: OPTT), a frontrunner in innovative offshore power solutions, has proudly announced the opening of its new office at the Association for Uncrewed Vehicle Systems International (AUVSI) headquarters in Washington, D.C. This exciting development aligns with the company’s strategic goals and signifies its dedication to influencing the landscape of uncrewed system operations and policy in the U.S.

Co-locating with Industry Leaders

Situated in the heart of the nation's capital, the new office allows OPT to nurture its relationship with AUVSI, the leading nonprofit organization focused on promoting and advancing uncrewed systems and robotics. By being near AUVSI, OPT enhances its collaborative efforts on essential initiatives like the AUVSI Trusted Operator Program, which aims to establish robust standards for safety and operational excellence across different domains, including air, ground, and maritime.

Strengthening Policy Engagement

“Having a presence in Washington, D.C. allows us to better engage with key stakeholders across government and industry,” remarked Jason Weed, SVP of Commercial Sales. “Collaborating with AUVSI has been pivotal in disseminating best practices for the deployment of unmanned systems, and this move represents our shared vision for advancing maritime autonomy.”

Supporting Growth Initiatives

This new location not only fosters important relationships but also fits into OPT’s broader growth strategy. The company is focused on expanding its fleet of WAM-V® Unmanned Surface Vehicles, enhancing its AI-driven Merrows™ Maritime Domain Awareness System, and providing persistent offshore infrastructure through its innovative PowerBuoy® platforms.

Access to Decision-Makers

By working alongside AUVSI, OPT gains enhanced access to strategic thinking, collaborative endeavors, and real-time interactions with decision-makers who are defining the future of uncrewed systems in defense and commercial sectors. This strategic positioning supports OPT’s vision of leading in sustainable ocean operations.

About Ocean Power Technologies

OPT specializes in sophisticated maritime solutions that promote safer, cleaner ocean operations across various sectors, including defense, oil and gas, scientific research, and offshore wind energy. Their Merrows™ AI-integrated systems facilitate seamless maritime domain awareness, while PowerBuoy® platforms offer reliable electric power and real-time communications for remote applications. Additionally, OPT provides WAM-V® unmanned surface vehicles and marine robotics services. Their headquarters is located in Monroe Township, New Jersey, with another office in Richmond, California. For more details about their offerings, please visit www.OceanPowerTechnologies.com.

Frequently Asked Questions

What is the purpose of Ocean Power Technologies' new office?

The new office in Washington, D.C. aims to enhance engagement with stakeholders in the uncrewed systems industry and influence policy development.

What initiatives will OPT collaborate on with AUVSI?

OPT will work with AUVSI on various initiatives, including the AUVSI Trusted Operator Program, which sets safety and operational standards.

What are the key products offered by Ocean Power Technologies?

OPT provides the WAM-V® Unmanned Surface Vehicles, Merrows™ Maritime Domain Awareness System, and PowerBuoy® platforms, among other innovative solutions.

Who is Jason Weed?

Jason Weed is the Senior Vice President of Commercial Sales at Ocean Power Technologies, responsible for driving engagement with stakeholders and advancing maritime autonomy.

Where is the headquarters of Ocean Power Technologies located?

Ocean Power Technologies' headquarters is located in Monroe Township, New Jersey, with an additional office in Richmond, California.

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