Ocean Power Technologies Awarded $1M Follow-On Contract As Subcontractor To EpiSci After Successful Demonstration Of Autonomous Surface Vehicle Technologies In Project Overmatch
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Ocean Power Technologies has been awarded a $1 million follow-on contract as a subcontractor to EpiSci after a successful demonstration of autonomous surface vehicle technologies in Project Overmatch.
September 12, 2024 | 12:41 pm
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Ocean Power Technologies has secured a $1 million follow-on contract as a subcontractor to EpiSci, following a successful demonstration of their autonomous surface vehicle technologies in Project Overmatch.
The award of a $1 million contract indicates a positive development for Ocean Power Technologies, suggesting confidence in their technology and potential for future contracts. This is likely to boost investor sentiment and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90