OPTT · Ocean Power Technologies, Inc.

Summary

Ocean Power Technologies, Inc. announced the shipment of the first PowerBuoy® system under its previously announced $6.5M contract with the U.S. Department of Homeland Security on March 24, 2026. This milestone marks the transition from system development to operational deployment off the coast of California for U.S. Coast Guard maritime domain awareness.

Key takeaways

• Shipment of first PowerBuoy® system on March 24, 2026
• $6.5M contract with U.S. Department of Homeland Security
• Supports U.S. Coast Guard maritime domain awareness operations
• Deployment off the coast of California
• Integration with Anduril’s systems progressing
• Key milestone in DHS program execution