Proactive - Interviews for investors
Ocean Power Technologies expands global reach with reseller agreements in U.S. and Colombia
Ocean Power Technologies CEO Philipp Stratmann joined Steve Darling from Proactive to announce two significant reseller agreements, strengthening its commercial presence in both Latin America and the United States. The first agreement is with Elektron SAS, a Cartagena, Colombia-based company specializing in hydrographic and oceanographic instrumentation services. This partnership marks a major step forward in
OPT’s expansion into Latin America. Elektron will provide sales, integration, and support services for OPT’s full suite of maritime solutions, including the WAM-V® Unmanned Surface Vehicles (USVs), the Next Generation PowerBuoy®, and the AI-powered Merrows™ platform.
Importantly, the agreement includes a $4 million purchase commitment, underscoring strong regional demand and confidence in OPT’s technology. The collaboration leverages Elektron’s established network and technical expertise to help meet the growing need for advanced ocean monitoring and power systems across the region.
In addition to the Latin American deal, OPT has signed another reseller agreement with Grava Hydrographic Solutions, a U.S.-based specialist in hydrographic and oceanographic equipment integration and services. Grava Hydro will help expand the availability and support of OPT’s WAM-V® USVs across the United States, positioning the technology for greater use in commercial, research, and government applications.
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