Ocean Power Technologies (OPTT) said Friday it will expand its commercial reach in Latin America through a reseller agreement signed with Colombia-based hydrographic and oceanographic instrumentation services firm Elektron.
Elektron will offer sales, integration and support services under the deal, which includes a $4 million purchase commitment for Ocean Power Technologies' intelligent maritime technologies, the company said.
The company's shares were up 3.2% in early trading Friday.
Price: 0.41, Change: +0.01, Percent Change: +3.22
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