Shipment follows previously announced international opportunity.

Ocean Power Technologies, a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, announced it has shipped a Merrows capable PowerBuoy to demonstrate the survivability and suitability of the system for certain defense and security applications, including surface and subsea monitoring. This follows OPT’s execution of a teaming agreement with a major international defense contractor last year to provide its Merrows suite of solutions with a focus on certain geographic regions.

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Mr. Philipp Stratmann, CEO and President of Ocean Power Technologies, expressed enthusiasm about the progress on this contract, stating, “We are excited to follow up on our previously announced binding letter of intent to demonstrate the offshore capabilities and suitability of our intelligence, surveillance, and reconnaissance solutions. This step underscores our commitment to enhancing maritime security globally, and we are confident that together with our partners, we will achieve remarkable advancements in this field.”

For more information about Ocean Power Technologies and its Maritime Domain Awareness Solution, visit www.OceanPowerTechnologies.com.

ABOUT OCEAN POWER TECHNOLOGIES

OPT provides intelligent maritime solutions and services that enable safer, cleaner, and more productive ocean operations for the defense and security, oil and gas, science and research, and offshore wind markets, including Merrows, which provides AI-capable seamless integration of Maritime Domain Awareness Systems across platforms. Our PowerBuoy platforms provide clean and reliable electric power and real-time data communications for remote maritime and subsea applications. We also provide WAM-V unmanned surface vehicles (USV’s) and marine robotics services. The Company’s headquarters is located in Monroe Township, New Jersey and has an additional office in Richmond, California. To learn more, visit www.OceanPowerTechnologies.com.

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Source – Globenewswire