Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has demonstrated its defense and security solutions in Abu Dhabi during NAVDEX, a showcase of the latest maritime technologies, in collaboration with UAE-based Remah International Group (RIG).
The demonstrations featured OPT’s WAM-V Unmanned Surface Vehicles (USVs), which are equipped with underwater sensors and can integrate with aerial drones.
The company also showcased its Next Generation Powerbuoy and AI-enabled Merrows technology.
OPT said that it expects that these demonstrations, combined with RIG’s established presence in the UAE, will create new opportunities in the region.
Potential applications include autonomous anti-submarine warfare, mine countermeasure support, national security initiatives, and maritime intelligence solutions.
Philipp Stratmann, OPT's chief executive, expressed enthusiasm over the company’s demonstration of its capabilities to existing and potential customers.
“Our team, led by Matt Burdyny, our chief commercial officer, together with several of our highly skilled ASV operators, showcased that our commercially available products provide cost-effective maritime security solutions,” Stratmann said.
“We believe that through these demonstrations we can materially accelerate the adoption of autonomous, resident, persistent, and AI-capable ocean security technologies in the region. We look forward to further expanding our presence in the UAE and continuing our work with RIG and other partners."