Ocean Power Technologies Announces Shipment Of First PowerBuoy System Under $6.5M Contract With U.S. Department Of Homeland Security

Ocean Power Technologies, Inc. (NYSE: OPTT) has announced the shipment of its first PowerBuoy system under a $6.5 million contract with the U.S. Department of Homeland Security (DHS). This system will aid the U.S. Coast Guard in maritime domain awareness operations and represents a significant milestone as the company transitions from development to operational deployment. The PowerBuoy system will be installed off the coast of California, enhancing offshore surveillance capabilities as part of DHS's security efforts.