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

(NewsDirect)

Ocean Power Technologies CEO PhilippStratmann joined Steve Darling from Proactive to announce asignificant development for the company. Ocean Power Technologies hassecured a letter contract from a US-based prime contractor for thedelivery of multiple maritime domain awareness buoys, with a strongemphasis on national security and intelligence.

Stratmann shared insights into thiscollaborative effort between OPT and the prime contractor, emphasizingthe shared goal of providing multidomain marine solutions in supportof US government agencies. OPT's PowerBuoy technology will serveas a cornerstone in enhancing surveillance capabilities both above andbelow the waterline, making a substantial contribution to maritimedomain awareness initiatives.

Thecurrent contract enables OPT to advance the preparation of multipleNext Generation PowerBuoy systems, with the expectation of receivingfurther details in the future. The integration of OPT'scutting-edge technology signifies a significant step forward inbolstering maritime surveillance efforts, ultimately enhancingsecurity and safety within the maritime domain.

Thiscollaboration reinforces OPT's position as a key player in thedevelopment of innovative solutions that contribute to nationalsecurity and intelligence efforts.

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