On March 24, 2026, Ocean Power Technologies, Inc. (NYSE American: OPTT) announced the successful shipment of its first PowerBuoy® system as part of a $6.5 million contract with the U.S. Department of Homeland Security (DHS). This significant milestone marks the transition from system development to operational deployment, aimed at enhancing maritime domain awareness for the U.S. Coast Guard. The PowerBuoy® system will be deployed off the coast of California, providing persistent, autonomous offshore surveillance capabilities that align with DHS mission requirements. Integration with Anduril’s systems is also progressing, further enhancing the operational capabilities of the PowerBuoy platform. Jason Weed, SVP of Commercial Sales at Ocean Power Technologies, emphasized the importance of this shipment, stating that it highlights the company's commitment to delivering innovative maritime infrastructure that supports national security missions. The deployment of this system is expected to strengthen coastal and offshore monitoring capabilities, thereby enhancing situational awareness for government agencies while reducing operational costs and logistical complexities. Ocean Power Technologies continues to collaborate closely with DHS and its technology partners to deliver autonomous maritime monitoring solutions designed to support critical security operations. This development is expected to positively impact the company's operational execution and strategic outlook, potentially leading to increased investor confidence and market interest.

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