Ocean power technologies awarded $1m contract for naval information warfare center pacific's project overmatch' mission autonomy proving grounds

Monroe township, n.j., sept. 12, 2024 (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 that it has been awarded a follow-on contract valued at $1m as a subcontractor to episci after the successful 12 month demonstration of its autonomous surface vehicle technologies during the mission autonomy proving grounds (mapg) as part of project overmatch.
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