Ocean Power Technologies Receives Further Contract For PowerBuoy Deployment By The Naval Postgraduate School In Monterey, California
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Ocean Power Technologies (NYSE:OPTT) has secured an additional contract from the Naval Postgraduate School for deploying its PowerBuoy® in Monterey Bay. This contract supports near-term revenue and involves integrating advanced subsea sensors and AT&T communication technologies to enhance maritime domain awareness.

September 03, 2024 | 12:27 pm
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Ocean Power Technologies has received a new contract from the Naval Postgraduate School for its PowerBuoy® deployment, which will enhance maritime domain awareness and support near-term revenue generation.
The new contract with the Naval Postgraduate School is a positive development for Ocean Power Technologies, as it not only supports near-term revenue but also strengthens its position in the maritime technology sector. The integration of advanced subsea sensors and communication technologies enhances the value proposition of the PowerBuoy®, potentially leading to further contracts and partnerships.
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