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Ocean Power Technologies, Inc. specializes in autonomous maritime solutions, including renewable energy-powered platforms, unmanned surface vessels, and integrated command systems. Serving defense, security, offshore energy, and environmental markets globally, it offers scalable, modular systems for persistent ocean monitoring, surveillance, and data collection. The company's business model emphasizes recurring revenue from leasing, services, and high-margin technology sales, supported by proprietary patents and strategic partnerships.
This description was generated via AI from an annual report. Updated about 1 year ago.