Ocean Power Technologies Installs AI Capable Merrows™ PowerBuoy® for Naval Postgraduate School
Ocean Power Technologies (NYSE American: OPTT) has successfully installed a PowerBuoy® system with AI-capable Merrows™ technology for the Naval Postgraduate School in Monterey Bay. The system integrates AT&T® 5G technology and advanced subsea sensors for Maritime Domain Awareness (MDA).
The deployment represents a significant milestone in OPT's strategic plan, enabling continuous, autonomous monitoring and data collection in a strategically important maritime region. The PowerBuoy® can support additional environmental sensors and serve as a 5G communications node along the U.S. coastline, demonstrating the company's capability to deliver advanced, persistent offshore infrastructure for defense, security, and research missions.
Ocean Power Technologies (NYSE American: OPTT) ha installato con successo un sistema PowerBuoy® dotato della tecnologia Merrows™ con intelligenza artificiale per la Naval Postgraduate School nella Baia di Monterey. Il sistema integra la tecnologia 5G di AT&T® e sensori sottomarini avanzati per la Sorveglianza del Dominio Marittimo (MDA).
Questa installazione rappresenta un traguardo importante nel piano strategico di OPT, permettendo un monitoraggio e raccolta dati continui e autonomi in una regione marittima di rilevanza strategica. Il PowerBuoy® può supportare ulteriori sensori ambientali e fungere da nodo di comunicazione 5G lungo la costa degli Stati Uniti, dimostrando la capacità dell'azienda di fornire infrastrutture offshore avanzate e persistenti per missioni di difesa, sicurezza e ricerca.
Ocean Power Technologies (NYSE American: OPTT) ha instalado con éxito un sistema PowerBuoy® con tecnología Merrows™ con capacidad de IA para la Naval Postgraduate School en Monterey Bay. El sistema integra la tecnología 5G de AT&T® y sensores submarinos avanzados para la Conciencia del Dominio Marítimo (MDA).
El despliegue representa un hito significativo en el plan estratégico de OPT, permitiendo la monitorización y recopilación de datos continuos y autónomos en una región marítima de importancia estratégica. El PowerBuoy® puede soportar sensores ambientales adicionales y funcionar como un nodo de comunicaciones 5G a lo largo de la costa de EE.UU., demostrando la capacidad de la compañía para ofrecer infraestructura offshore avanzada y persistente para misiones de defensa, seguridad e investigación.
Ocean Power Technologies (NYSE American: OPTT)가 몬터레이 베이의 해군대학원(Naval Postgraduate School)을 위해 AI 기능이 탑재된 Merrows™ 기술을 적용한 PowerBuoy® 시스템을 성공적으로 설치했습니다. 이 시스템은 AT&T® 5G 기술과 첨단 해저 센서를 통합하여 해양 영역 인식(MDA)을 지원합니다.
이번 배치는 OPT의 전략적 계획에서 중요한 이정표로, 전략적으로 중요한 해양 지역에서 지속적이고 자율적인 모니터링 및 데이터 수집을 가능하게 합니다. PowerBuoy®는 추가 환경 센서를 지원할 수 있으며 미국 해안선을 따라 5G 통신 노드 역할을 하여 방위, 보안 및 연구 임무를 위한 첨단의 지속 가능한 해상 인프라 제공 능력을 입증합니다.
Ocean Power Technologies (NYSE American : OPTT) a installé avec succès un système PowerBuoy® équipé de la technologie Merrows™ dotée d'intelligence artificielle pour la Naval Postgraduate School dans la baie de Monterey. Le système intègre la technologie 5G d'AT&T® ainsi que des capteurs sous-marins avancés pour la Surveillance du Domaine Maritime (MDA).
Ce déploiement constitue une étape importante dans le plan stratégique d'OPT, permettant une surveillance et une collecte de données continues et autonomes dans une région maritime d'importance stratégique. Le PowerBuoy® peut prendre en charge des capteurs environnementaux supplémentaires et servir de nœud de communication 5G le long de la côte américaine, démontrant la capacité de l'entreprise à fournir une infrastructure offshore avancée et durable pour les missions de défense, de sécurité et de recherche.
Ocean Power Technologies (NYSE American: OPTT) hat erfolgreich ein PowerBuoy®-System mit KI-fähiger Merrows™-Technologie für die Naval Postgraduate School in Monterey Bay installiert. Das System integriert AT&T® 5G-Technologie und fortschrittliche Unterwassersensoren zur Maritimen Domänenüberwachung (MDA).
Der Einsatz stellt einen bedeutenden Meilenstein im strategischen Plan von OPT dar und ermöglicht kontinuierliche, autonome Überwachung und Datenerfassung in einer strategisch wichtigen Meeresregion. Der PowerBuoy® kann zusätzliche Umweltensoren unterstützen und als 5G-Kommunikationsknoten entlang der US-Küste dienen, was die Fähigkeit des Unternehmens demonstriert, fortschrittliche, dauerhafte Offshore-Infrastrukturen für Verteidigungs-, Sicherheits- und Forschungsmissionen bereitzustellen.
- Strategic partnership with Naval Postgraduate School demonstrates military/defense sector validation
- Integration with AT&T 5G technology expands commercial applications and capabilities
- System's ability to support additional sensors indicates scalability and future revenue potential
- Successful installation marks transition to revenue-generating lease phase of the contract
- No financial terms or contract value disclosed
- Revenue impact and timeline for lease phase not specified
Insights
OPT's AI-capable PowerBuoy deployment with AT&T 5G for Naval Postgraduate School strengthens maritime surveillance capabilities and demonstrates commercial viability.
Ocean Power Technologies has achieved a significant operational milestone with the successful deployment of its PowerBuoy® system in Monterey Bay for the Naval Postgraduate School (NPS). This installation marks the transition from the deployment to the lease phase of their contract, representing tangible revenue generation from a high-profile defense client.
The system integrates several advanced technologies that deserve attention: the proprietary Merrows™ suite with AI capabilities, AT&T® 5G connectivity, and subsea sensors—all designed for Maritime Domain Awareness (MDA). This convergence creates a persistent offshore monitoring platform with strategic applications.
What makes this deployment particularly valuable is its location in Monterey Bay—a critically important maritime environment both for naval operations and marine research. The system's configuration allows for expandability, enabling NPS or other research partners to add environmental sensors, creating potential for additional revenue streams and data applications.
The AT&T partnership is especially noteworthy as it demonstrates how PowerBuoys® can function as offshore 5G communications nodes along the US coastline. This positions OPT's technology as part of critical communications infrastructure with applications beyond just power generation.
This installation validates OPT's strategic pivot toward offering comprehensive maritime infrastructure that supports defense, security, and research applications—markets with substantial budgets and urgent needs for persistent offshore monitoring capabilities.
System includes AT&T® 5G technology for seamless Maritime Domain Awareness
MONROE TOWNSHIP, N.J., July 09, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced the successful installation of its previously contracted PowerBuoy® system for the Naval Postgraduate School (NPS).
The full system, now deployed in Monterey Bay, integrates AT&T® 5G technology and advanced subsea sensors into OPT’s latest PowerBuoy® equipped with its proprietary Merrows™ suite—designed for AI-capable, seamless Maritime Domain Awareness (MDA) integration across manned and unmanned platforms. The PowerBuoy® will provide continuous, autonomous monitoring and data collection in one of the world’s most strategically significant maritime regions and is configured to support additional environmental sensors from NPS or other research partners.
This marks another milestone in the execution of OPT’s strategic plan to deliver advanced, persistent offshore infrastructure that supports defense, security, and research missions.
“We are excited to complete this installation and move into the lease phase of our contract with NPS,” said Philipp Stratmann, CEO of Ocean Power Technologies. “This deployment enables our current and future customers to evaluate the PowerBuoy® with AI-capable Merrows™ technology as a critical asset for enhancing maritime security and operational awareness above and below the surface. The collaboration with AT&T® also demonstrates how PowerBuoys® can serve as 5G communications nodes along the U.S. coastline. As the demand grows for rapidly deployable maritime systems, OPT’s differentiated technology and expanding partnerships will accelerate the growth of our services business.”
“At AT&T, we modernize network infrastructure to support the technologies of the future,” said Wes Anderson, President Public Sector, AT&T. “That’s why we’re proud to have launched a 5G cell site at sea with the Navy, Naval Postgraduate School, and OPT. This collaboration fuels our commitment to developing 5G and edge computing solutions for manned and unmanned naval platforms that support national defense, homeland security, and the maritime community.”
For additional information about OPT, please visit our website Ocean Power Technologies.
ABOUT OCEAN POWER TECHNOLOGIES
OPT provides intelligent maritime solutions and services that enable safer, cleaner, and more productive ocean operations for the defense and security, oil and gas, science and research, and offshore wind markets, including Merrows™, which provides AI-capable seamless integration of Maritime Domain Awareness Systems across platforms. Our PowerBuoy® platforms provide clean and reliable electric power and real-time data communications for remote maritime and subsea applications. We also provide WAM-V® unmanned surface vehicles (USV’s) and marine robotics services. The Company’s headquarters is located in Monroe Township, New Jersey and has an additional office in Richmond, California. To learn more, visit www.OceanPowerTechnologies.com.
FORWARD-LOOKING STATEMENTS
This release may contain forward-looking statements that are within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified by certain words or phrases such as "may", "will", "aim", "will likely result", "believe", "expect", "will continue", "anticipate", "estimate", "intend", "plan", "contemplate", "seek to", "future", "objective", "goal", "project", "should", "will pursue" and similar expressions or variations of such expressions. These forward-looking statements reflect the Company's current expectations about its future plans and performance. These forward-looking statements rely on a number of assumptions and estimates that could be inaccurate and subject to risks and uncertainties, including the continuing successful operations of the AI capable Merrows™ PowerBuoy®, success with NPS, the delivery of customer services, the conversion of potential customers to contracts and the realization of the potential revenue thereunder. Actual results could vary materially from those anticipated or expressed in any forward-looking statement made by the Company. Please refer to the Company's most recent Forms 10-Q and 10-K and subsequent filings with the U.S. Securities and Exchange Commission for further discussion of these risks and uncertainties. The Company disclaims any obligation or intent to update the forward-looking statements in order to reflect events or circumstances after the date of this release.
CONTACT INFORMATION Investors: 203-561-6945 or investorrelations@oceanpowertech.com Media: 609-730-0400 x402 or MediaRelations@oceanpowertech.com
FAQ
What technology has Ocean Power Technologies (OPTT) installed in Monterey Bay?
What is the purpose of OPTT's PowerBuoy® installation for the Naval Postgraduate School?
How does AT&T's 5G technology integrate with OPTT's PowerBuoy® system?
What capabilities does the Merrows™ suite add to OPTT's PowerBuoy® system?
What is the significance of this installation for Ocean Power Technologies?
