Ocean Power Technologies Signs Reseller Agreement With Grava Hydrographic Solutions To Expand U.S. Sales And Support Of Its Wave Adaptive Modular Vessels Unmanned Surface Vehicles

Ocean Power Technologies, Inc. (NYSE:OPTT) ("OPT" or the "Company"), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced the signing of a reseller agreement with Grava Hydrographic Solutions LLC ("Grava Hydro"), a U.S.-based specialist in hydrographic and oceanographic equipment integration and services.

Under the agreement, Grava Hydro will expand the availability, sales, and support of OPT's Unmanned Surface Vehicles (USVs), the Wave Adaptive Modular Vessels (WAM-V®), throughout the United States.