Ocean Power Tech expands UAE partnership with Unique Group to grow WAM-V fleet

Proactive - Interviews for investors

Ocean Power Technologies CEO Philipp Stratmann joined Steve Darling from Proactive to announce the signing of a Master Services Agreement with Unique Group, a UAE-headquartered global leader in subsea technologies and offshore engineering. The new agreement marks a significant expansion of the strategic collaboration originally announced in July 2024, further solidifying OPT’s presence in the Middle East. Under the terms of the MSA, Unique Group will serve as OPT’s exclusive execution partner for all non-defense WAM-V® Unmanned Surface Vehicle projects in the United Arab Emirates, creating a framework for expanded regional deployment and operational growth. As part of the initial rollout, Unique Group will lease one OPT WAM-V 22 USV, with structured provisions for revenue sharing, purchase options, and joint fleet expansion. This arrangement enables both companies to rapidly scale capacity to meet customer demand while maintaining flexibility in ownership and financing. The agreement also lays the foundation for OPT to establish a dedicated Maintenance, Repair, and Overhaul hub in the UAE, providing localized technical support for WAM-V operations across the region. The MRO hub is expected to enhance service responsiveness, extend asset lifecycles, and reduce operational downtime for customers. Stratmann highlighted that the MSA supports a long-term growth framework, including joint execution of customer projects, technology transfer, and continuous vehicle upgrades, while safeguarding the proprietary innovations of both partners. With the UAE serving as a global hub for offshore operations and subsea technologies, this partnership expansion positions OPT and Unique Group to capture new opportunities across commercial, industrial, and governmental maritime applications. #proactiveinvestors #oceanpowertechnologiesinc #nyseamerican #optt #PhillipStratmann, #USGovernmentContract, #OffshoreAutonomy, #MaritimeSecurity, #CommercialPlatforms, #GrowthStrategy, #BuoyBusiness, #VehicleBusiness, #InternationalExpansion, #ReadyToDeploy #AutonomousVehicles #MaritimeTech #CleanEnergySolutions #AUVSI #SustainableTechnology #MarineInnovation #EnergyEfficiency #UncrewedSystems #GlobalExpansion