OPT secures $6.5M contract for its PowerBuoys with US government

U.S.-based company Ocean Power Technologies (OPT) has secured a letter contract with a $6.5 million ceiling for its wave-powered buoys to bolster maritime domain awareness for us government agencies.

OPT received a letter contract from a U.S.-based prime contractor for multiple maritime domain awareness buoys advancing our commitment to national security and intelligence.

The collaboration between OPT and the prime contractor will focus on providing multidomain marine solutions in support of US government agencies.

OPT’s PowerBuoys will play a pivotal role in enhancing surveillance capabilities above and below the waterline, contributing significantly to maritime domain awareness initiatives. The current contract enables OPT to advance the preparation of multiple of its next generation PowerBuoy systems with definitization to be received.

Philipp Stratmann, CEO of OPT, said: “This collaboration exemplifies our commitment to innovation and underscores the crucial role our technology plays in bolstering maritime national security. We are excited to work alongside our partner to provide state-of-the-art solutions, including multi-buoy arrays, that contribute to a safer maritime environment.”

The integration of OPT’s technology expertise marks a significant stride towards strengthening maritime surveillance efforts, ensuring heightened security and safety within the maritime domain.

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