OPTT announces LOI for PowerBuoy with defense contractor and WAM-V order from European offshore firm

Ocean Power Technologies, Inc.

Binding letter of intent to deploy AI-capable PowerBuoy for a major international defense contractor.
Order for fully integrated WAM-V unmanned surface vehicle from a new European offshore services provider.
WAM-V assembly begins immediately with near-term delivery; training and services in-country.
These awards follow a teaming agreement with defense contractor signed last year.
CEO cites growing demand for defense and autonomous survey systems globally.

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