Ocean power technologies awarded three multi-year noaa contracts to revolutionize uncrewed maritime systems

Monroe township, n.j., sept. 07, 2023 (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 three separate indefinite delivery indefinite quantity (idiq) multiple-award contracts (mac) from the national oceanic and atmospheric administration (noaa). these awards further add to opt's reputation as a reliable u.s. government contractor and build on recent successes in the defense and national security space.
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