Greensea IQ and Ocean Power Technologies Extend Partnership
Greensea IQ is strengthening its partnership with Ocean Power Technologies (OPT) following extension of a contract which began in 2021.Leveraging its versatile open architecture platform OPENSEA, Greensea IQ will continue to work with OPT to develop the next generation of OPT’s Maritime Domain Awareness Solution (MDAS).OPT is renowned for its over-the-horizon (OTH) MDAS-equipped PowerBuoy products. The OPT PowerBuoy serves as a renewable energy solution, harnessing its power from a combination of solar, wind, and wave activity. MDAS is integrated with OPT PowerBuoys to monitor and collect data
OPT Reports $1.25 Million on WAM-V USV Orders
Ocean Power Technologies (OPT) announced it has received multiple orders for fully integrated WAM-V uncrewed surface vehicles (USV) totaling over $1.25 million.The recent commercial orders come from clients in Latin America, the company said without naming the customers."These orders underscore the growing demand for OPT's advanced marine technologies and their applications in maritime surveillance, environmental monitoring, and ocean data collection," OPT said.Philipp Stratmann, OPT president and CEO, said, "We are incredibly proud to see the heightened interest and trust in our
OPT to Deploy PowerBuoy in Monterey Bay
Ocean Power Technologies (OPT) has received funding from California's Naval Postgraduate School (NPS) for the year-long deployment of a PowerBuoy in Monterey Bay.The PowerBuoy, integrating OPT's Maritime Domain Awareness System (MDAS) along with cutting-edge satellite communication and AT&T 5G technology, will demonstrate its persistent surveillance and communications capacities in a maritime environment.The deployment stands to showcase the potential of standalone at-sea infrastructure nodes to support the Joint Force's diverse operational needs.The project will be an integral part of
OPT PowerBuoys Ordered to Bolster Maritime Domain Awareness for US Government Agencies
Ocean Power Technologies, Inc. (OPT) announced it has received a letter contract from a U.S. based prime contractor for multiple maritime domain awareness buoys for national security and intelligence purposes. The contract has a $6.5 million ceiling, OPT said.This collaboration between OPT and the prime contractor will focus on providing multidomain marine solutions in support of U.S. government agencies. OPT’s PowerBuoy’s will help to enhance surveillance capabilities above and below the waterline, contributing to maritime domain awareness initiatives. The current contract enables OPT to
Ocean Power Technologies Secures $1.6M Order for WAM-V 16 USVs
Ocean Power Technologies, Inc. said Tuesday it had received an additional volume order from Sulmara, an offshore services firm, of WAM-V 16 uncrewed surface vehicles (USVs) "making this the largest single order of WAM-Vs to date.""The order, valued at $1.6 million, underscores OPT's commitment to providing innovative and sustainable solutions for the offshore industry. Due to demand, production is already underway to support and will allow for revenue recognition this fiscal year," OPT said.According to OPT's website the VAM-V 16 USVs are suited for small to medium marine
NOAA Awards Contracts for Uncrewed Marine Systems Data Services
small business marine technology companies with a potential combined value of $22.5 million.IDIQ contracts allow the agency to streamline the processing and delivery of commercial products and services from industry vendors. The selected vendors—Saildrone, Chance Maritime Technologies LLC, Ocean Power Technologies, 1stMission LLC and XOCEAN—will use their uncrewed marine systems to collect data for NOAA missions and provide that data to NOAA as a service over a three-year period from September 2023 through August 2026.The awarded contracts will cover services provided under three NOAA mission
NOAA Chooses OPT for Uncrewed Maritime Systems Services
Ocean Power Technologies (OPT) announced the award of three separate Indefinite Delivery Indefinite Quantity (IDIQ) Multiple-Award Contracts (MAC) from the U.S. National Oceanic and Atmospheric Administration (NOAA). NOAA has selected OPT as one of several Multiple Award IDIQ contract holders to provide Uncrewed Maritime Systems (UMS) Services to NOAA's Office of Marine and Aviation Operations (OMAO), Uncrewed Systems Operation Center (UxSOC). According to OPT, these contracts have the potential to result in millions of dollars of revenue for OPT, and the ordering period is set to span
VIDEO: Ocean Power Technologies' WAM Vessel Attaches to Buoy for Remote Charging
Ocean Power Technologies said Thursday it had made a pivotal achievement in the autonomous maritime technology field, by demonstrating the Wave Adaptive Modular Vessel (WAM-V) attaching itself remotely to a buoy and establishing a connection that will enable charging."The successful connection that will enable charging represents a significant leap forward in the integration of renewable energy sources within the maritime industry," OPT said.OPT also released a video showing the vessel attaching itself to OPT's power buoy, also showing the charging progress."Our successful demonstrati
OPT Adds Three Senior Directors to Help Drive Defense & Security Business
Ocean Power Technologies (OPT) announced the addition of three seasoned industry veterans to its commercial team to help drive strategy and development in its defense and security business.Joseph "Digger" DiGuardo joins OPT as Sr. Dir. US Gov. Strategy & Development. DiGuardo brings with him over 30 years of success delivering in-depth domain knowledge and mission understanding to provide solutions for the Department of Defense’s national security challenges. He possesses broad experience leading large, complex military organizations, developing senior leaders and warfighters
February 2024
