Ocean Power Technologies Awarded Three Multi-Year NOAA Contracts to Revolutionize Uncrewed Maritime Systems
07 Setembro 2023 - 7:07PM
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.
NOAA has selected OPT as one of several Multiple
Award IDIQ contract holders to provide Uncrewed Maritime Systems
(UMS) Services to NOAA's Office of Marine and Aviation Operations
(OMAO), Uncrewed Systems Operation Center (UxSOC). These contracts
have the potential to result in millions of dollars of revenue for
OPT, and the ordering period is set to span three years, commencing
on September 1, 2023, and concluding on August 31, 2026.
Under these contracts, OPT will bring its expertise
to three crucial domains:
- Living Marine Resource
Surveys and Research: OPT will utilize cutting-edge
Uncrewed Maritime Systems to support NOAA in conducting vital
marine resource surveys and research.
- Meteorological and
Oceanographic Observations: OPT’s innovative technology
will play a pivotal role in enhancing NOAA’s meteorological and
oceanographic observations, further advancing our understanding of
the natural world.
- Ocean Exploration and
Characterization: OPT will collaborate with NOAA to
explore and characterize the depths of our oceans, contributing to
the discovery and preservation of invaluable marine
ecosystems.
OPT’s CEO Philipp Stratmann stated, “We are thrilled to be
selected by NOAA for these significant and material contracts,
which represent a pivotal moment in our company’s history. OPT is
committed to pushing the boundaries of technology and innovation in
the marine industry, and these contracts underscore our dedication
to creating sustainable and effective Uncrewed Maritime Systems and
our capacity to deliver innovative and efficient solutions. We look
forward to working closely with NOAA to achieve our shared goals of
environmental stewardship and scientific advancement – while also
generating value for our company and our shareholders in the
process.”
For more information about Ocean Power Technologies, Inc. and
its groundbreaking work in Uncrewed Maritime Systems, please visit
www.oceanpowertechnologies.com.
ABOUT OCEAN POWER TECHNOLOGIES
OPT, a leader in innovative and cost-effective, low carbon
marine data, power, and consulting services, provides intelligent
maritime solutions and services that enable safer, cleaner, and
more productive ocean operations for the defense and security, oil
and gas, science and research, and offshore wind markets. Our
PowerBuoy® platforms provide clean and reliable electric power and
real-time data communications for remote maritime and subsea
applications. We also provide WAM-V® autonomous surface vessels
(ASV) and marine robotics services through our wholly owned
subsidiary Marine Advanced Robotics and strategic consulting
services including simulation engineering, software engineering,
concept design and motion analysis through our wholly owned
subsidiary 3Dent. We are headquartered in Monroe Township, New
Jersey, and have offices in Houston, Texas, and Richmond,
California. To learn more, visit
www.OceanPowerTechnologies.com.
Source: Ocean Power Technologies, Inc.
CONTACT INFORMATION
Investors: 609-730-0400 x401 or InvestorRelations@oceanpowertech.com
Media: 609-730-0400 x402 or MediaRelations@oceanpowertech.com
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