Ocean Power Expands Latin America Reach With $3M Mexico Reseller Deal

Ocean Power Technologies (OPTT) has signed a new reseller agreement with a Latin America-based partner to enhance support for the Mexican offshore and maritime markets, significantly expanding its commercial footprint across the region. The agreement includes a $3 million purchase commitment for OPTT's WAM-V® Unmanned Surface Vehicles and leverages the reseller's regional presence to provide business development, sales, and technical support services. CEO Philipp Stratmann highlighted that this partnership is a key step in scaling OPTT's global reseller network and unlocking additional high-growth markets, particularly in security, energy, and commercial sectors within Mexico. This move builds on OPTT's existing momentum in Latin America and supports its broader goal of global expansion through strategic partnerships. The company continues to prioritize channel-driven growth, scalable product deployments, and geographic expansion into high-potential markets, reinforcing its position as a global leader in the marine robotics sector. Overall, the agreement is poised to accelerate the deployment of OPTT's intelligent maritime solutions in Latin America.