OPT - Ocean Power Technologies taking successful pivot to ocean intelligence into 2024 fiscal year

(NewsDirect)

Ocean Power Technologies (OPT) CEO PhilippStratmann joined Natalie Stoberman from the Proactive studios todiscuss the company's growth strategy in the field of oceanintelligence.

Stratmann said OPThas successfully pivoted into the ocean intelligence industry,offering connectivity solutions, platforms, and services to enhanceocean data provision. This growth presents opportunities for OPT toexpand into new areas of the ocean industry, including defense,national security, and autonomous solutions.

Stratmann alsoemphasized the importance of ocean security as a national securityconcern, highlighting the need for innovative and autonomoustechnologies to protect large oceanic areas from illegal fishing,weather events, and unauthorized intrusions. The company is poised tocapitalize on these opportunities and contribute to the advancement ofocean protection and data collection.

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