Ocean power technologies announces binding letter of intent to deploy ai-capable powerbuoy for a major international defense contractor

Monroe township, n.j., march 12, 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 it received a binding letter of intent to deploy a powerbuoy® for an undisclosed customer to demonstrate the survivability and suitability of the system for certain multidomain defense and security applications in extreme sea conditions.
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