Ocean Power completes WAM-V delivery, readies PowerBuoy for Middle East, wins $1M Navy contract

Ocean Power Technologies, Inc.

Completed WAM-V USV build for Latin America survey customer; triggers revenue recognition of over $0.3M.
AI-capable Merrows PowerBuoy readied for shipment to Middle East customer; revenue recognition milestone achieved.
Awarded $1M follow-on contract as subcontractor to EpiSci for Naval Information Warfare Center Pacific's Project Overmatch.
First MAPG exercises concluded, enabling immediate revenue recognition on the Navy contract.

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