Ocean Power Technologies, Inc. announced it has launched its Global 24/7 Service Support ("Services"). The Company was already servicing its Artificial Intelligence Capable Maritime Domain Awareness Solution, Merrows, in regions such as Latin America and Sub-Saharan Africa. In addition, OPT's customers have been deploying WAM-Vs Unmanned Surface Vehicles ("USV") in Asia and the Company anticipates additional deployments of its PowerBuoys and WAM-Vs in the Middle East.

The new Services offering gives customers the opportunity for 24/7 support with tiered options to maintain operations around the globe. This new offering creates an additional recurring revenue stream for OPT that is complementary to existing products.