OPT Signs Up Defense Customer for Multiple WAM-V USVs
of vehicles, integrated sensors, and operators as a contractor-owned contractor-operated (COCO) delivery in late Spring 2025.Due to the sensitive nature of the relationship, terms of the contract have not been disclosed.The award builds on the recent commercial success of OPT’s vehicles and PowerBuoy’s for autonomous Maritime Domain Awareness, Counter Unmanned Underwater Vehicles, and Mine Counter Measure Solutions in North America, Latin America, and the Middle East."We believe this agreement is further proof that our systems form an important part of building out the future of
OPT to Deliver AI-Driven PowerBuoy to US Customer
Ocean Power Technologies (OPT) has secured a contract for an AI-capable PowerBuoy for an immediate delivery in the United States.This contract enables the future integration of surface and subsea sensors, and the buoy will be deployed on the East Coast.Due to the confidential nature of the contract, further details have not been disclosed."In addition to the material growth of our WAM-V business, we are excited to continue growing our PowerBuoy business. We believe that providing persistent and resident monitoring offers a lot of opportunities for our solutions in research and security applications
OPT Scoops $2M PowerBuoy Order from Latin America
Marine power, data and service solutions company Ocean Power Technologies (OPT) has booked $2 million order for its wave, solar, and wind power generation PowerBuoy from a customer in Latin America.OPT’s next generation PowerBuoy, to be delivered to unnamed customer, can be deployed for long durations in water depths ranging from coastal to deep ocean water and support payload above and below the surface.The systems can be equipped with a range of communication solutions."We are thrilled to add PowerBuoys to our offering in Latin America. This order builds on the growth of our WAM-V solutions
OPT Assembles PowerBuoy Bound for Naval Postgraduate School
Ocean Power Technologies (OPT) has finalized the main assembly of the AI-capable PowerBuoy for Naval Postgraduate School, ahead of shipment planned for early 2025.The full system, which includes installing AT&T 5G technology and integrating advanced subsea sensors into a PowerBuoy equipped with OPT’s latest Merrows suite for AI capable seamless integration of Maritime Domain Awareness (MDA) across platforms, is now being readied for shipment.Once deployed, the PowerBuoy will provide continuous, autonomous monitoring and data collection capabilities in one of the world’s most strategicall
OPT Concludes Next-Gen PowerBuoy Ocean Trials
Ocean Power Technologies (OPT) has completed more than four months of offshore testing of its next generation PowerBuoy in the Atlantic Ocean off New Jersey.The solar and wind power equipped PowerBuoy also featured OPT’s proprietary artificial intelligence capable Merrows suite of solutions.The system maintained 100% data uptime and the state of charge of the batteries remained over 90% throughout the deployment, according to the U.S.-based company.During the deployment, several intelligence, surveillance, and reconnaissance demonstrations for potential customers were completed.Having operated
OPT Grows Presence in Latin America
with Geos Telecom, a provider of maritime communication and navigation solutions in Costa Rica.The partnership marks an expansion of OPT’s presence in the Latin American market and includes the immediate sale of a WAM-V (Wave Adaptive Modular Vessel) with anticipated near-term continued growth of PowerBuoy systems and WAM-V’s in support of regional demand."We are excited to collaborate with Geos Telecom as our strategic reseller in Costa Rica. We believe this agreement not only enhances our footprint in Latin America but also enables us to deliver advanced USV capabilities to a new customer
OPT to Deliver AI-Ready Wave Energy PowerBuoy to Middle East
U.S.-based marine power, data, and services company Ocean Power Technologies (OPT) has secured an order for its PowerBuoy, equipped with Merrows, the artificial intelligence (AI) capable maritime domain awareness solution.The contract with an undisclosed client and value entails immediate delivery of OPT’s PowerBuoy to Middle East.According to OPT, the contract will generate revenues in the current quarter. The company had previously announced its selection as a preferred supplier for its Merrows-equipped buoys in the region."We are continuing to grow our business across all our solutions
OPT to Deliver AI-equipped Buoy in the Middle East
Marine power, data, and service solutions company Ocean Power Technologies (OPT) announced it has been selected as preferred supplier for a PowerBuoy equipped with Merrows, its artificial intelligence (AI) capable maritime domain awareness solution, for an immediate delivery opportunity in the Midde East. This contract, once finalized, will generate revenues in the current quarter. Due to the confidential nature of the award, details are not being disclosed.The company had previously announced the completion of engineering for Merrows in hot climates.Philipp Stratmann, CEO and President of OPT, said
OPT’s Wave-Powered Tech Nears 15MWh of Renewable Energy Production
U.S.-based marine power, data, and services company Ocean Power Technologies (OPT) is approaching 15MWh of renewable energy production from its family of PowerBuoys, which primarily exploit wave energy to generate power.The recent launch of its next generation PowerBuoy off the coast of New Jersey has materially accelerated average energy production by combining solar, wind, and wave energy production capabilities.The energy generation numbers are based on deployments in the Atlantic, Pacific, Mediterranean, and North Sea.These deployments came from a mix of renewable energy investments from government
February 2025
