Ocean Power (OPTT) Technologies announced it has signed a Distributor Agreement with Remah International Group, a privately held and UAE headquartered company with a focus on both military and civilian services. Through its locally owned group of 48 companies, RIG partners with esteemed solution providers globally, including Northrop Grumman and SAAB, to ensure the highest levels of service and product are supplied to the UAE. OPT and RIG will collaborate to promote, distribute, sell, and service OPT’s suite of solutions, including its WAM-V Unmanned Surface Vehicles, USV, the Next Generation Powerbuoy, and the AI capable Merrows, to the defense and security industry in the UAE. The Agreement is valid immediately and calls for the parties to explore additional expansion and integration of services as demand for OPT’s solutions continues to grow in the UAE.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OPTT:
- Ocean Power to exhibit autonomous vehicle services at ADIPEC
- Ocean Power appoints 3B as authorized service partner
- Ocean Power confirms shipment of Merrows PowerBuoy for Middle East
- Ocean Power announces $1.1M preliminary award from NJEDA
- Ocean Power ships multiple unmanned surface vehicles to U.S. government