Ocean Power Technologies completes assembly of PowerBuoy for Naval Postgraduate School deployment

Proactive - Interviews for investors

Ocean Power Technologies CEO Philipp Stratmann joined Steve Darling from Proactive to share news regarding the company's progress on its innovative PowerBuoy system for the Naval Postgraduate School. The primary assembly of the PowerBuoy, equipped with AT&T® 5G technology and advanced subsea sensors, is now complete. Integration of OPT’s Merrows suite, which offers AI-driven Maritime Domain Awareness, has also been finalized. The system is being prepared for shipment, with deployment slated for early 2025. It will coincide with the Technology Showcase hosted by NPS in January, marking a significant milestone for OPT’s strategic initiatives. Once operational, the PowerBuoy will deliver continuous, autonomous monitoring and data collection capabilities in a critical maritime region. According to Stratmann, this deployment underscores OPT's strategic plan and ability to scale cutting-edge solutions. He added, “This project demonstrates the capability of PowerBuoys to serve as 5G communication nodes across U.S. coastlines.” This collaboration with NPS highlights OPT's role in advancing maritime technology and supporting strategic defense and communication initiatives in key maritime zones. #proactiveinvestors #oceanpowertechnologiesinc #nyseamerican #optt #PhillipStratmann, #USGovernmentContract, #OffshoreAutonomy, #MaritimeSecurity, #CommercialPlatforms, #GrowthStrategy, #BuoyBusiness, #VehicleBusiness, #InternationalExpansion, #ReadyToDeploy #RenewableEnergy #PowerBouy #CleanEnergy #5GInnovation #SustainableTechnology #MaritimeSolutions #EnergyInnovation #ProactiveNews #PhilippStratmann#investment #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews