Ocean Power Technologies Secures Follow-On Order For WAM-V 8 And Delivers WAM-V 16 And WAM-V 22 To Latin American Survey Customers, Expanding Regional Presence And Supporting Revenue Growth
Portfolio Pulse from Benzinga Newsdesk
Ocean Power Technologies has secured a follow-on order for its WAM-V 8 and delivered WAM-V 16 and WAM-V 22 to Latin American survey customers. This expansion in the region supports the company's revenue growth.
October 31, 2024 | 12:20 pm
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Ocean Power Technologies has received a follow-on order for its WAM-V 8 and delivered WAM-V 16 and WAM-V 22 to Latin American customers, indicating a growing presence in the region and potential revenue growth.
The follow-on order and deliveries of WAM-V models to Latin American customers suggest increased demand and market penetration, which is likely to positively impact OPTT's revenue and stock price in the short term.
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