OPTT News & Events

Ocean Power Technologies announced it has received an approximate $1.5 million Purchase Order from the United States Coast Guard for the installation and deployment of buoy systems previously ordered. This award completes the acquisition cycle and enables near-term fielding of the systems in support of Department of Homeland Security maritime security missions. The Company expects this order to contribute to near-term revenues as installation and deployment activities commence. Under the scope of work, OPT will execute deployment, commissioning, and operational activation to ensure the systems are fully integrated and mission ready. The buoys are expected to enter active service shortly following installation.

Ocean Power Technologies provided an operational update highlighting continued global deployments and progress on its offshore autonomy infrastructure roadmap. The Company has shipped a WAM-V, autonomous surface vehicle to Greece to support ongoing customer operations and field activity in the region. This deployment expands OPT's international operational footprint and reflects continued engagement across defense and commercial maritime markets. "Our focus remains on disciplined execution across deployments, government programs, and infrastructure development," said Philipp Stratmann, Chief Executive Officer of Ocean Power Technologies. "We are advancing the core capabilities required to support scalable, persistent maritime autonomy for defense and commercial customers."