Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has shipped the first PowerBuoy system under its previously announced $6.5 million contract with the US Department of Homeland Security, marking a step toward deployment of offshore monitoring technology for the US Coast Guard.
The company said the shipment represents a transition from system development and integration into operational deployment.
The PowerBuoy system will support maritime domain awareness operations and is expected to be deployed off the coast of California following final site preparations and readiness procedures.
Ocean Power Technologies noted that additional systems under the contract will be deployed as part of a network designed to provide persistent, autonomous offshore surveillance capabilities aligned with DHS mission requirements. Integration with Anduril’s systems is ongoing in parallel, the company said.
“This shipment represents an important milestone in the execution of our DHS program and highlights the progress we have made in delivering innovative maritime infrastructure to support national security missions,” said Jason Weed, OPT’s senior vice president of commercial sales.
“We believe our PowerBuoy platform provides a unique capability for persistent offshore monitoring, enabling government agencies to enhance maritime domain awareness while reducing operational costs and logistical complexity.”
Once installed, the system is expected to support broader DHS efforts to strengthen coastal and offshore monitoring capabilities. Ocean Power Technologies said it continues to work with DHS and its technology partners to advance autonomous maritime monitoring solutions.