Ocean Power Technologies secures new multi-million-dollar contract with U.S Government

(NewsDirect)

Ocean Power Technologies CEO Philipp
Stratmann joined Steve Darling from Proactive to announce a
significant development for the company. Ocean Power Technologies has
secured a letter contract from a US-based prime contractor for the
delivery of multiple maritime domain awareness buoys, with a strong
emphasis on national security and intelligence.

Stratmann shared insights into this
collaborative effort between OPT and the prime contractor, emphasizing
the shared goal of providing multidomain marine solutions in support
of US government agencies. OPT’s PowerBuoy technology will serve
as a cornerstone in enhancing surveillance capabilities both above and
below the waterline, making a substantial contribution to maritime
domain awareness initiatives.

The
current contract enables OPT to advance the preparation of multiple
Next Generation PowerBuoy systems, with the expectation of receiving
further details in the future. The integration of OPT’s
cutting-edge technology signifies a significant step forward in
bolstering maritime surveillance efforts, ultimately enhancing
security and safety within the maritime domain.

This
collaboration reinforces OPT’s position as a key player in the
development of innovative solutions that contribute to national
security and intelligence efforts.