Ocean Power Technologies Inc (NYSE-A:OPTT) has successfully publicly demonstrated capabilities of its counter-unmanned underwater vehicle.
Ocean Power said on Tuesday it had showcased the vehicle at events held by the Navy League and Association for Uncrewed Vehicle Systems International.
Demonstrations focused on its ability to detect multiple underwater threats, including singular and swarming autonomous vehicles, according to the company.
This solution creates a unique position for Ocean Power, it added, to offer affordable uncrewed vessels capable of carrying out such tasks for the Department of Defence.
Results of the demonstrations will be shared at San Francisco's International Mine Warfare Technology Symposium later this month, the firm said.
“These field demonstrations further solidify the operational capability of our COTS WAM-V solution, with the objective of keeping our warfighter safe and removing the man from the minefield,” chief commercial officer Matt Burdyny commented.
“This capability represents a potential order of magnitude cost reduction feature to our services.”