Ocean Power Technologies Achieves Contractual Milestone, Completed The New WAM-V Surface Vehicle For Immediate Delivery To Latin America
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Ocean Power Technologies (OPTT) has completed a new unmanned surface vehicle for delivery to a Latin American customer, marking a major contractual milestone and triggering revenue recognition.

September 09, 2024 | 12:05 pm
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Ocean Power Technologies has completed a new unmanned surface vehicle for a Latin American customer, marking a significant milestone and triggering revenue recognition.
The completion of the unmanned surface vehicle for a Latin American customer is a significant achievement for OPTT, as it not only marks a major contractual milestone but also triggers revenue recognition. This development is likely to positively impact OPTT's stock price in the short term due to the successful execution of its expansion strategy and the immediate financial benefits.
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