Ocean Power Technologies Awarded Contract for Delivery of AI Capable Buoy in the USA

Core Insights - Ocean Power Technologies, Inc. has been awarded a contract for a PowerBuoy for immediate delivery in the USA, which will integrate surface and subsea sensors and be deployed on the East Coast [1] - The CEO of OPT expressed enthusiasm about the revenue-generating contract and highlighted the growth potential in both the PowerBuoy and WAM-V businesses, emphasizing opportunities in research and security applications [2] Company Overview - Ocean Power Technologies provides intelligent maritime solutions and services aimed at enhancing safety, cleanliness, and productivity in ocean operations across various sectors, including defense, oil and gas, science, research, and offshore wind [3] - The company's offerings include PowerBuoy platforms for clean electric power and real-time data communications, as well as WAM-V unmanned surface vehicles and marine robotics services [3] - The headquarters of Ocean Power Technologies is located in Monroe Township, New Jersey, with an additional office in Richmond, California [3]