Ocean Power awarded contract to provide multiple WAM-Vs for defense customer

Ocean Power (OPTT) Technologies announced it has been awarded a contract for multiple WAM-Vs for delivery to certain Allied Forces. The contract includes delivery of vehicles, integrated sensors, and operators as a contractor-owned contractor-operated, COCO, delivery in late Spring 2025. Due to the sensitive nature of this relationship, terms have not been disclosed. This award builds on the recent commercial success of OPT’s vehicles and PowerBuoy(R)s for autonomous Maritime Domain Awareness, Counter Unmanned Underwater Vehicles, and Mine Counter Measure Solutions in North America, Latin America, and the Middle East.