Naval Postgraduate School Orders Maritime Drone from Ocean Power Technologies
What happened
Naval Postgraduate School placed an order for a WAM-V 8 maritime drone from Ocean Power Technologies. This contract expands the relationship between the two organizations, which previously collaborated on projects like deploying an OPT PowerBuoy® in Monterey Bay.
From manilatimes.net
Why it matters
The order provides Ocean Power Technologies with a new contract for its maritime operational infrastructure. Researchers at Naval Postgraduate School plan to use the drone as a mobile platform for littoral sensing and autonomous-systems research.
From manilatimes.net
Who's involved
- Naval Postgraduate SchoolPurchaser of the WAM-V 8 maritime drone for research purposes
- Ocean Power TechnologiesSupplier of the WAM-V 8 maritime drone and autonomous ocean systems
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Ocean Power TechnologiesSpeculative
Ocean Power Technologies might see increased revenue from the direct sales and procurement of the WAM-V 8 drone.
- Royal Bank of CanadaSpeculative
The increased revenue for Ocean Power Technologies could boost the value of Royal Bank of Canada's institutional stake in the company.
- NasdaqSpeculative
The new contract could positively affect Ocean Power Technologies' listing value on Nasdaq.
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The entities involved
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Naval Postgraduate School
military university in Monterey, California, USA
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Ocean Power Technologies
American renewable energy company