Ocean Power Technologies (NYSE: OPTT) announced that three PowerBuoy® systems are now actively deployed off the California coast supporting US Department of Homeland Security maritime surveillance operations — marking a significant milestone in the company’s transition toward scaled offshore intelligence deployments.
🔹 All three PowerBuoy systems are simultaneously streaming real-time offshore data, including one operating in water depths exceeding 1,000 meters
🔹 The deployment integrates OPT’s AI-capable Merrows™ software suite with Anduril Industries’ Lattice command-and-control platform
🔹 Management described the shift from single deployments to coordinated offshore systems as a “paradigm shift” that expands opportunities across defense, offshore energy, and maritime security markets
Read Peter Gastreich's full report for additional detail on OPT’s evolving recurring revenue model, offshore deployment strategy, backlog growth, and expanding defense and ISR opportunities.
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