Ocean Power Technologies Expands In Latin America With Reseller Agreement With Geos Telecom
Portfolio Pulse from Benzinga Newsdesk
Ocean Power Technologies (NYSE:OPTT) has signed a reseller agreement with Geos Telecom to expand its presence in Latin America. The partnership includes the immediate sale of a WAM-V and anticipates further growth in PowerBuoy systems and WAM-V's.
July 30, 2024 | 12:05 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Ocean Power Technologies (NYSE:OPTT) has signed a reseller agreement with Geos Telecom, marking a significant expansion in Latin America. This includes the immediate sale of a WAM-V and potential growth in PowerBuoy systems and WAM-V's.
The reseller agreement with Geos Telecom signifies a strategic expansion for OPTT in the Latin American market. The immediate sale of a WAM-V and anticipated growth in PowerBuoy systems and WAM-V's suggest increased revenue potential and market presence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100