Ocean Power Technologies Announces Patent Pending On Innovative Docking And Recharging Buoy Technology
Portfolio Pulse from Benzinga Newsdesk
Ocean Power Technologies (NYSE:OPTT) has announced a patent pending for its new docking and recharging buoy technology designed for the Wave Adaptive Modular Vessel (WAM-V) Unmanned Surface Vehicle (USV). This innovation enhances the operational efficiency and range of USVs, making it valuable for oceanographic research, environmental monitoring, and defense applications.
August 01, 2024 | 12:04 pm
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Ocean Power Technologies (NYSE:OPTT) has filed a patent for a new docking and recharging buoy technology, enhancing the capabilities of its WAM-V USV. This development could significantly boost the company's market position in marine power and autonomous vessel solutions.
The patent filing for the new docking and recharging buoy technology is a significant innovation for Ocean Power Technologies. It enhances the operational efficiency and range of their USVs, which is crucial for long-term autonomous deployments in various sectors. This development is likely to positively impact OPTT's stock price in the short term as it strengthens the company's market position and opens up new opportunities.
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