Ocean Power Technologies secures $1.5M U.S. Coast Guard order, expands global ops

Ocean Power Technologies CEO Philipp Stratmann joined Steve Darling from Proactive to announce the company has received an approximately $1.5 million purchase order from the United States Coast Guard for the installation and deployment of previously ordered buoy systems. The award completes the acquisition cycle and clears the way for near-term field deployment of the systems in support of Department of Homeland Security maritime security missions. The company expects the order to contribute to near-term revenue as installation and deployment activities begin. Stratmann explained that under the scope of work, OPT will manage deployment, commissioning, and operational activation to ensure the systems are fully integrated and mission-ready. The buoys are expected to enter active service shortly after installation. Designed to provide persistent offshore presence, the systems enhance maritime surveillance, situational awareness, and operational effectiveness in challenging ocean environments. OPT’s role spans manufacturing through installation and in-field support, ensuring continuity from delivery to operational performance. In addition, Stratmann shared that the company has shipped a WAM-V® autonomous surface vehicle to Greece to support ongoing customer operations and regional field activities. The deployment expands OPT’s international footprint and underscores continued engagement across both defense and commercial maritime markets. The company has also advanced its integrated docking and charging program from prototype to full-scale build, incorporating autonomous docking and redeployment capabilities. Orders have been placed for key components to support system integration and open-water validation as OPT moves toward launching its first early access commercial solution, currently targeted for 2026. #proactiveinvestors #oceanpowertechnologiesinc #nyseamerican #optt #PhillipStratmann, #USGovernmentContract, #USCoastGuard #MaritimeSecurity #DefenseTech #AutonomousSystems #BuoySystems #WAMV #UncrewedSurfaceVehicle #MaritimeSurveillance #DepartmentOfHomelandSecurity #OffshoreTechnology #BlueEconomy #AutonomousDocking #NavalTech #OceanInnovation #DefenseContracts #GlobalExpansion #2026Launch