Ocean Power Technologies Announces Deployment of PowerBuoy® System for Rutgers University and New Maritime Drone Order from Stevens Institute of Technology

Ocean Power Technologies completed the deployment of a PowerBuoy system for Rutgers University and secured a purchase order for a WAM-V unmanned surface vehicle from Stevens Institute of Technology. The Rutgers installation, supported by the New Jersey Economic Development Authority, replaces legacy seabed cables with a flexible power and communications solution for ocean research.

AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.