Ocean Power Technologies, Inc.

Ocean Power Technologies, Inc., doing business as OPT, is a for-profit manufacturer of advanced marine technologies and autonomous maritime systems headquartered in Monroe Township, New Jersey. The company specializes in developing innovative wave energy conversion systems, unmanned surface and underwater vehicles, and integrated maritime platforms equipped with cutting-edge communications and sensor technologies. OPT serves as a prime contractor to multiple federal agencies, providing specialized marine equipment and services that support defense, scientific research, and oceanographic monitoring missions across diverse operational environments.

OPT has received three prime federal contract awards totaling approximately $746,327 in firm fixed-price purchase orders from the Department of the Navy and related commands. In August 2023, the Office of Naval Research awarded OPT a $231,367 contract to deliver an Unmanned Wave Adaptive Modular Vessel (WAM-V) equipped with an extended range battery package, retractable sensor mount, spare components, and a custom trailer for delivery to the Naval Information Warfare Center Pacific in San Diego, California, with completion in December 2023. In July 2024, the Naval Information Warfare Systems Command awarded OPT a $365,144 purchase order for the delivery of two WAM-V 8 vessels with integrated Starline satellite communications, 5G cellular capabilities, robotic interface systems, protective covers, custom trailers, intermodal shipping containers, lithium battery sets, Velodyne lidar sensors, and contractor technical support, scheduled for completion in September 2024. Most recently, in September 2025, the Naval Education and Training Command awarded OPT a $149,816 firm fixed-price lease and commercial service contract for a 12-month deployment of OPT's next-generation power buoy system equipped with 5G and Starlink communications capabilities, with the option to support sensor upgrades required by the National Park Service on mutually agreed-upon terms, scheduled for completion by September 2026. Additionally, OPT has received federal contract sub-awards from prime contractors including Amentum Services, Inc., The Johns Hopkins University Applied Physics Laboratory LLC, and Adams Communication & Engineering Technology, Inc., covering areas such as equipment procurement, ship building and repair services, and power buoy lease and support systems.

OPT received one prime federal grant award from the Office of Science, a Project Grant issued on June 28, 2021, focused on developing a modular and scalable small-scale mass-on-spring wave energy converter (MOSWEC) PowerBuoy system designed for reliable powering of autonomous ocean monitoring systems. This grant, which concluded in August 2024, represented OPT's efforts to advance wave energy technology for autonomous maritime applications and underscored the company's expertise in renewable marine energy solutions that support federal research objectives across multiple scientific disciplines.

OPT holds three Indefinite Delivery Contracts awarded by the National Oceanic and Atmospheric Administration on September 1, 2023, each valued at $7.5 million with a period of performance through August 31, 2026. All three IDCs are multiple-award contracts designated as total small business set-asides. The first IDC covers ocean exploration and characterization services through NOAA's Office of Marine and Aviation Operations (OMAO) and the Uncrewed Systems Operations Center (UXSOC), enabling NOAA to procure uncrewed maritime systems including surface and underwater vehicles, specialized payloads, data analysis services, and technical support. The second IDC addresses living marine resource surveys and research, providing similar uncrewed maritime systems and support capabilities for oceanographic and resource monitoring missions. The third IDC supports meteorological and oceanographic observation missions, leveraging OPT's maritime technology expertise to advance NOAA's environmental monitoring and scientific research capabilities. Collectively, these IDVs position OPT as a critical provider of cutting-edge uncrewed maritime systems and services to NOAA, with a combined ceiling value of $22.5 million available through task order issuance over the three-year contract period.

OPT specializes in the design and manufacturing of uncrewed surface vessels, offshore power systems, and advanced maritime data solutions that empower continuous, multi-domain situational awareness. Our flagship products, including the PowerBuoy and WAM-V USVs, deliver reliable power and communications for remote and distributed operations. Additionally, our Merrows platform offers AI-capable seamless integration of Maritime Domain Awareness

Systems, ensuring the interoperability of defense technologies. OPT's solutions enhance over the horizon operations, enabling smarter, faster, and more sustainable defense and surveillance

missions in strategic maritime environments.