Ocean Power wins 5M+ U.S. Coast Guard contract for PowerBuoy maritime surveillance

Ocean Power Technologies CEO Philipp Stratmann joined Steve Darling from Proactive to announce that the company has reached another major milestone with the award of a multi-buoy contract valued at more than $5 million. The contract calls for the deployment and operation of MERROWS®-equipped PowerBuoy® systems in support of a U.S. Coast Guard mission under the U.S. Department of Homeland Security, aimed at enhancing efforts to protect the homeland. The demonstration project will enable persistent, resident maritime domain awareness off the coast of San Diego, California, showcasing Ocean Power Technologies’ ability to deliver long-duration, autonomous offshore surveillance capabilities. The initiative highlights the growing role of renewable, ocean-based platforms in supporting national security and defense-related missions. Stratmann told Proactive that the demonstration will involve the deployment of four PowerBuoy® platforms, each integrated into the Department of Homeland Security’s selected command, control, communications, computers, cyber, and intelligence (C5I) environment. These offshore platforms will be deployed alongside several Anduril surveillance towers, together forming a highly integrated and resilient sensing architecture. All data streams collected from the buoy-based sensors and the tower-based systems will feed into Anduril’s Lattice Command-and-Control platform. This unified system will provide mission operators with enhanced situational awareness, improved detection and monitoring capabilities, and real-time decision support across the maritime domain. According to Stratmann, the contract underscores Ocean Power Technologies’ ability to deliver reliable, scalable, and mission-ready solutions that integrate seamlessly with advanced defense and security networks. The project is expected to further validate the company’s PowerBuoy® technology as a critical asset for persistent offshore surveillance and intelligence gathering in support of U.S. national security objectives. #proactiveinvestors #oceanpowertechnologiesinc #nyseamerican #optt #PhillipStratmann, #USGovernmentContract, #OffshoreAutonomy, #MaritimeSecurity, #CommercialPlatforms, #GrowthStrategy, #BuoyBusiness, #VehicleBusiness, #InternationalExpansion, #ReadyToDeploy #AutonomousVehicles #MaritimeTech #CleanEnergySolutions #AUVSI #SustainableTechnology #MarineInnovation #EnergyEfficiency #UncrewedSystems #GlobalExpansion