Ocean Power Technologies shares rise 2.71% premarket after entering a Master Services Agreement with Unique Group for UAE projects.

Ocean Power Technologies, Inc. rose 2.71% in premarket trading, with the company announcing a Master Services Agreement with Unique Group, a UAE-headquartered global leader in subsea technologies and offshore engineering. This agreement formalizes and significantly expands the strategic collaboration originally announced in July 2024, positioning Unique Group as OPT’s execution partner for all non-defense WAM-V® USV projects in the UAE. With a well-established regional partner and a clear operational path, OPT believes it is now positioned to accelerate WAM-V deployments, convert active interest into revenue, and scale recurring lease income in the UAE without significant additional overhead.