OPT to Deliver Multiple Buoy Solution to U.S. Department of Homeland Security in Partnership with Anduril

Rhea-AI Summary

Ocean Power Technologies (NYSE:OPTT) won a multi-buoy contract greater than $5 million to deliver and operate four MERROWS®-equipped PowerBuoy® systems for a U.S. Department of Homeland Security mission supporting the U.S. Coast Guard near San Diego, CA.

The buoys will be delivered near term, integrate into DHS C5I, and feed buoy and Anduril tower sensors into Anduril’s Lattice command-and-control for unified maritime domain awareness, enhanced detection, and real-time decision support.

Positive

• Contract >$5M awarded for multi-buoy deployment
• Near-term delivery of 4 PowerBuoys for U.S. Coast Guard mission
• Integration into DHS C5I and Anduril Lattice C2 for unified data
• Demonstration enables persistent maritime domain awareness off San Diego

Negative

• None.

Key Figures

Contract value Greater than $5 million Multi-buoy MERROWS-equipped PowerBuoy® contract for DHS/Coast Guard mission

Price move 9.03% Price change over the last 24 hours prior to news

Current price $0.3442 Trading level before the partnership announcement

PowerBuoy systems 4 units Number of maritime surveillance-equipped PowerBuoys® in this deployment

52-week high $1.75 Upper end of 52-week trading range before this news

52-week low $0.29 Lower end of 52-week trading range before this news

Market cap $61,548,851 Equity value prior to the contract announcement

Volume vs avg 1.06x Today’s volume relative to 20-day average before news

Market Reality Check

$0.4302 Last Close

Volume Volume 4,768,102 is 6% above the 20-day average of 4,498,205. normal

Technical Price 0.3442 is trading below the 200-day MA at 0.49, despite today’s gain.

Peers on Argus

OPTT is up 9.03%, while key peers show smaller gains between 2% and 5.45%, indicating a more company-specific move tied to the DHS/Coast Guard contract.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 15	Earnings results	Negative	-29.0%	Weak 2Q26 revenue, wider losses, negative gross margin drove selloff.
Dec 05	Conference attendance	Neutral	-5.6%	Discovery conference participation and investor meetings announcement.
Dec 03	Earnings date	Neutral	-0.1%	Scheduled earnings release and call details for fiscal 2Q26.
Nov 12	AI partnership	Positive	+1.2%	Mythos AI partnership to add advanced autonomy across OPT platforms.
Nov 04	Certification win	Positive	-7.7%	AUVSI Trusted UMS Operator certification and new training offering.

Pattern Detected

The stock reacted sharply to weak earnings but showed mixed responses to operational and partnership news, with at least one positive catalyst sold off.

Recent Company History

Over the last few months, Ocean Power Technologies reported fiscal 2Q26 results with revenue of $0.4M, a gross loss of $1.4M, and a widened net loss of $10.8M, which coincided with a -28.99% move. Conference and earnings-date announcements in December had minimal to modest negative impact. Partnerships, including the AI autonomy collaboration with Mythos AI in Q1 2026 demos and AUVSI training certification, targeted defense and autonomy markets but produced mixed price reactions. Today’s multi‑buoy DHS/Coast Guard contract builds on this shift toward defense and security use cases.

Market Pulse Summary

The stock surged +25.0% in the session following this news. A strong positive reaction aligns with a material, defense-related contract win exceeding $5 million and a 9.03% pre-news price gain. Historically, partnership headlines in this name saw an average move of 2.73%, so this response ranked on the higher side. However, shares still traded well below the 200-day MA of 0.49 and more than 80% under the $1.75 52-week high, reflecting prior setbacks and leaving execution risk around revenue conversion and margins.

Key Terms

maritime domain awareness technical

"This demonstration will enable persistent and resident maritime domain awareness (MDA)..."

Maritime domain awareness is the continuous tracking and understanding of activity on and under the sea—ships, cargo, ports, and coastal operations—so authorities and businesses can spot risks, disruptions, or illegal activity early. Like a weather and traffic map for shipping, it matters to investors because gaps in this visibility can lead to supply-chain delays, higher insurance and security costs, regulatory fines, or sudden losses in asset value tied to maritime trade and infrastructure.

C5I technical

"integrate into the Department of Homeland Security’s (DHS) chosen C5I environment..."

A C5 inhibitor is a type of drug that blocks the activity of complement protein C5, a component of the immune system that can cause harmful inflammation when overactive. For investors, C5 inhibitors matter because they target serious, often chronic diseases with high unmet medical need, which can translate into substantial market opportunities if clinical trials and approvals succeed. Think of it as turning off a single, overactive switch in an inflammatory alarm system to prevent collateral damage.

command-and-control (C2) technical

"feed into Anduril’s Lattice Command-and-Control (C2) system..."

Command-and-control (C2) refers to a system where authority is centralized, and instructions flow from a single source to manage operations or activities. In a financial context, it describes situations where decision-making is tightly controlled by a few leaders or governing bodies, leaving little room for independent action. For investors, understanding C2 arrangements helps assess how quickly and effectively a company or organization can respond to changes or challenges.

autonomous surface vehicles technical

"shipment of eight WAM-V autonomous surface vehicles during the quarter."

Autonomous surface vehicles are uncrewed boats or ships that navigate and operate on the water using onboard sensors and software instead of a human pilot—think of a self-driving car for the sea. They matter to investors because they can cut operating costs, enable new services (like automated shipping, mapping, or monitoring) and open markets, while also bringing technology, regulatory and safety risks that can affect returns.

AI-generated analysis. Not financial advice.

Near term delivery of four maritime surveillance equipped Powerbuoys® for the U.S. Coast Guard

MONROE TOWNSHIP, N.J., Jan. 06, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (“OPT” or “the Company”) (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced the award of a multi-buoy contract greater than $5 million to deploy and operate MERROWS^®-equipped PowerBuoy^® systems in support of a U.S. Coast Guard mission under the U.S. Department of Homeland Security to protect the homeland. This demonstration will enable persistent and resident maritime domain awareness (MDA) off the coast of San Diego, California.

As part of the demonstration, the four PowerBuoy^® platforms will integrate into the Department of Homeland Security’s (DHS) chosen C5I environment and will be deployed alongside several Anduril surveillance towers, forming an integrated sensing architecture. All data streams — including buoy-based sensors and tower-based sensors — will feed into Anduril’s Lattice Command-and-Control (C2) system, providing mission operators with unified situational awareness, enhanced detection capability, and real-time decision support.

Jason Weed, Senior Vice President of Commercial Sales at Ocean Power Technologies, highlighted the operational significance of the demonstration:

“This demonstration underscores the growing demand for long-endurance, continuously powered systems that can operate persistently in challenging maritime environments. Working alongside the U.S. Coast Guard and DHS, we’re proud to provide a solution that enhances real-time maritime domain awareness without the logistical burden of fuel or frequent maintenance. Our team is fully committed to delivering reliable offshore performance and ensuring these systems support operators with the data they need when they need it.”

Philipp Stratmann, President and Chief Executive Officer of OPT, emphasized the partnership and the combined value of OPT and Anduril capabilities:

“This project marks another major step forward in OPT’s role as a trusted provider of intelligent, resident, and persistent maritime solutions for U.S. federal agencies. The powering, persistence, and interoperability of the PowerBuoy^® platform, combined with seamless integration into the Anduril Lattice C2 system, continue to set the standard for offshore monitoring. We are honored to support DHS and the U.S. Coast Guard in strengthening national security at sea, and we look forward to expanding the use of renewable-powered maritime infrastructure across the country’s most critical waterways.”

“With our XRST towers deployed alongside OPT’s buoy systems, Anduril is fusing all sensor data into Lattice to deliver continuous, high-fidelity maritime domain awareness for operators,” said Peter Babb, Vice President of Counter Intrusion at Anduril. “This integration gives the Coast Guard a clearer, faster, and more actionable picture of the maritime environment, strengthening their ability to safeguard U.S. waters.”

For more information about Ocean Power Technologies, please visit www.OceanPowerTechnologies.com.

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. Actual results, including the performance of the PowerBuoys^®, 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 did Ocean Power Technologies announce on January 6, 2026 (OPTT)?

OPTT announced a multi-buoy contract > $5 million to deploy and operate four MERROWS-equipped PowerBuoys for a DHS/U.S. Coast Guard mission near San Diego.

How many PowerBuoys will OPTT deliver and when will they be deployed?

OPTT will deliver four PowerBuoy platforms with near-term deployment to support the demonstration off San Diego.

What systems will OPTT buoys integrate with for the DHS mission (OPTT)?

The buoys will integrate into the Department of Homeland Security’s C5I environment and feed sensors into Anduril’s Lattice command-and-control system.

What mission capability does the OPTT and Anduril integration provide (OPTT)?

The integration provides unified situational awareness, enhanced detection capability, and real-time decision support for maritime domain awareness.

Which U.S. agency is the OPTT PowerBuoy demonstration supporting?

The demonstration supports a U.S. Coast Guard mission under the U.S. Department of Homeland Security.

Will the OPTT contract materially affect company revenue immediately (OPTT)?

The announcement states the contract value is greater than $5 million; the company describes near-term delivery but does not provide specific revenue recognition timing.