Ocean Power Technologies Soars 11.81% on Latin America Expansion

Ocean Power Technologies, Inc. (OPT) experienced a significant pre-market surge of 11.81% on April 11, 2025, driven by strategic developments and market expansions.

Ocean Power Technologies has recently expanded its commercial footprint in Latin America through a strategic reseller agreement with Elektron SAS. This partnership leverages Elektron's strong regional presence and deep relationships, enabling the deployment of OPT's intelligent maritime solutions across the energy and security industries. The agreement includes a $4 million purchase commitment for OPT's suite of technologies, including the WAM-V® Unmanned Surface Vehicles (USVs), the Next Generation PowerBuoy®, and the AI-powered Merrows™ platform.

This strategic move follows a series of recent agreements and deployments, reinforcing OPT's position as a global leader in the marine robotics sector. The company continues to prioritize channel-driven growth, scalable product deployments, and geographic expansion into high-potential markets. This partnership is expected to advance OPT's broader goal of global expansion through strategic alliances, further solidifying its market leadership and driving future growth.