Ocean Power Technologies, Inc. announced it has been awarded a contract for a WAM-V for immediate delivery to an Offshore Construction Contractor. The award includes providing a spare vehicle system that can be assembled onsite. The vehicle will provide survey services for an offshore dredging project in Sub-Saharan Africa.

Revenue from this contract will be recognized over the course of the contract. This award builds on the recent commercial success of OPT?s vehicles in offshore construction, and energy industry.