Ocean Power Technologies Ships AI-Capable Merrows™ PowerBuoy®

Core Insights - Ocean Power Technologies, Inc. has shipped a Merrows™ capable PowerBuoy to demonstrate its system's survivability and suitability for defense and security applications, including surface and subsea monitoring [1] - The shipment follows a teaming agreement with a major international defense contractor to provide the Merrows™ suite of solutions in specific geographic regions [1][2] - The CEO of Ocean Power Technologies expressed enthusiasm about the contract's progress and the commitment to enhancing global maritime security through intelligence, surveillance, and reconnaissance solutions [2] Company Overview - Ocean Power Technologies provides intelligent maritime solutions and services aimed at safer, cleaner, and more productive ocean operations across various sectors, including defense, oil and gas, science and research, and offshore wind [3] - The company's offerings include the Merrows™ system for AI-capable integration of Maritime Domain Awareness Systems, PowerBuoy platforms for clean electric power and real-time data communications, WAM-V unmanned surface vehicles, and marine robotics services [3] - The company is headquartered in Monroe Township, New Jersey, with an additional office in Richmond, California [3]