Ocean Power Technologies, Inc. (OPT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, is pleased to announce the signing of an Original Equipment Manufacturer (OEM) agreement with Teledyne Marine, a division of Teledyne Technologies Inc. (Teledyne), a key supplier in the maritime technology inclusive of connectors, instruments, and vehicles.

This strategic partnership aims to enhance OPT's product offerings and drive innovation within the industry providing customers with a turnkey system.

Philipp Stratmann, CEO of OPT, expressed his enthusiasm on the partnership: "We are excited to join forces with Teledyne Marine. This agreement allows us to leverage Teledyne’s best-in-class offerings to deliver superior sensor and ocean technology products to our customers. Our shared commitment to excellence and innovation makes this a natural fit. We believe this partnership further accelerates our growth and enables additional revenue stream."

William Egan, SVP Sales & Marketing of Teledyne Marine, added: "Partnering with OPT aligns perfectly with our core objectives to enable key platform providers to expand their operational capabilities through critical technology enablers and best in class products. We look forward to continuing to expand our partnership and achieve new product offerings."

For additional information about OPT and its services, please visit our website Ocean Power Technologies. Additional information about Teledyne and its services please visit their website Teledyne Marine.