Ocean Power Technologies and Gardline Environmental have agreed a memorandum of understanding to jointly develop metocean monitoring and maritime security systems for offshore applications.
The MoU outlines a how OPT and Gardline will work together to investigate, develop, test and market innovative solutions enabled by both companies’ technologies.
OPT president and chief Executive officer George Kirby said: “The lack of cost effective delivery of reliable offshore power has long been the cause of stifled innovation.
“This MoU represents an important step in our intensified efforts to accelerate PowerBuoy commercialization and market adoption.
“Gardline’s expertise with systems integration, sensors and communications complemented by OPT’s leadership in wave energy conversion technology paves the way for novel solutions in offshore markets.”
Gardline metocean business manager Adam Nicholls said: “We are excited about working closely with OPT to create new, innovative applications and solutions that offer a potentially revolutionary improvement to current operational practices while reducing costs to clients within the metocean, security and defense markets.”
Image: OPT’s PowerBuoy off New York (OPT)
