OPT, Gardline Environmental to develop new monitoring system
- Business & Finance
Ocean Power Technologies (OPT) and Gardline Environmental have signed a memorandum of understanding (MoU) for the development of metocean monitoring and maritime security systems for prospective customers in the ocean observing and defense and security markets.
Under the MoU, OPT and Gardline will work closely to investigate, develop, test and market advanced innovative solutions enabled by both companies’ technologies.
George Kirby, President and Chief Executive Officer of OPT, said: “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. We are pleased that Gardline chose to work with OPT to provide advanced systems solutions to the offshore industry.”
Gardline Environmental is part of Gardline Marine Sciences and the Gardline Group. It provides environmental, metocean, hydrographic, and geophysical survey services worldwide.
Ocean Power Technologies is a New Jersey-based wave energy developer that has designed their proprietary PowerBuoy technology based on a modular design.
Image: Gardline Environmental/Illustration