Ocean Power Technologies Expands Partnership with U.S. Naval Postgraduate School with New Contract

Proactive - Interviews for investors

Ocean Power Technologies CEO Philipp Stratmann joined Steve Darling from Proactive to announce the company has secured an additional contract with the Naval Postgraduate School (NPS) in Monterey, California. This new agreement further solidifies OPT’s role in enhancing maritime domain awareness and connectivity within Monterey Bay, leveraging their innovative PowerBuoy® technology. Stratmann highlighted that this contract builds on the earlier success of a previous NPS initiative, where AT&T 5G technology was integrated into a PowerBuoy. The latest project will focus on incorporating advanced subsea sensors into a PowerBuoy equipped with OPT’s Merrows suite, designed for seamless AI-driven integration of Maritime Domain Awareness across multiple platforms. This will also include utilizing AT&T’s communication technologies for NPS. The PowerBuoy will provide continuous, autonomous monitoring and data collection in one of the world's most strategically critical maritime environments. This contract marks a significant milestone in OPT’s growing collaboration with the U.S. warfighter community, emphasizing the company's commitment to delivering cutting-edge solutions that address the dynamic needs of maritime security, safety, and environmental monitoring. #proactiveinvestors #oceanpowertechnologiesinc #nyseamerican #optt #PhillipStratmann, #USGovernmentContract, #OffshoreAutonomy, #MaritimeSecurity, #CommercialPlatforms, #GrowthStrategy, #BuoyBusiness, #VehicleBusiness, #InternationalExpansion, #ReadyToDeploy, #AutonomousSystems, #EconomicImpact, #ShippingLanes, #FreedomOfNavigation, #CostEffectiveSolutions, #LowEmissionTech, #SecurityInnovation, #GlobalShipping, #ProactiveNewsroom#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews #ZeroCarbonEnergy #5GTechnology #MarineConservation #OffshoreEnergy #MilitaryTech #CleanEnergy #OceanSensors #PhillipStratmann #ProactiveInvestors #WaveEnergy#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews