Ocean Power Technologies Signs U.S. Reseller Agreement with Grava Hydrographic Solutions LLC

MONROE TOWNSHIP, N.J., April 10, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE:OPTT) ("OPT" or the "Company"), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced the signing of a reseller agreement with Grava Hydrographic Solutions LLC ("Grava Hydro"), a U.S.-based specialist in hydrographic and oceanographic equipment integration and services.

Under the agreement, Grava Hydro will expand the availability, sales, and support of OPT's Unmanned Surface Vehicles (USVs), the Wave Adaptive Modular Vessels (WAM-V®), throughout the United States.

Philipp Stratmann, CEO of Ocean Power Technologies, commented:"Partnering with Grava Hydro represents a significant step in strengthening our domestic reseller network. Their expertise in hydrographic services and established customer relationships position them as an ideal partner to showcase and deploy our WAM-V technology in real-world environments."

The agreement is part of OPT's broader strategy to scale access to its marine robotics portfolio through trusted channel partners, delivering ...

https://www.benzinga.com/pressreleases/25/04/g44733387/ocean-power-technologies-signs-u-s-reseller-agreement-with-grava-hydrographic-solutions-llc