Ocean Power Technologies Awarded Contract With WildAid And Caribbean Law Enforcement To Combat Illegal Fishing With Uncrewed Technologies
Portfolio Pulse from Benzinga Newsdesk
Ocean Power Technologies, Inc. (OPTT) has entered a contract with WildAid and Caribbean Law Enforcement to combat illegal fishing using uncrewed technologies. OPTT will provide an Uncrewed Surface Vessel equipped with an integrated quadcopter aerial drone. The technology will help law enforcement agencies and conservation organizations protect marine life from illegal harvesting and ensure the sustainability of critical ecosystems.

October 25, 2023 | 12:23 pm
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Ocean Power Technologies' partnership with WildAid and Caribbean Law Enforcement could boost its reputation and increase demand for its uncrewed technologies.
The partnership with WildAid and Caribbean Law Enforcement could increase the visibility and demand for Ocean Power Technologies' uncrewed technologies. This could potentially lead to increased sales and revenue for the company, positively impacting its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100