Business UpdateJun 24, 2026, 08:16 AM
Ocean Power Technologies Deploys PowerBuoy for Rutgers; Sells Drone to Stevens
AI Summary
Ocean Power Technologies announced the successful deployment and commissioning of a PowerBuoy system off the coast of New Jersey for Rutgers University, replacing a legacy ocean monitoring system. This system provides continuous offshore power and communications for ocean research and environmental monitoring. Additionally, the company received a purchase order from Stevens Institute of Technology for a WAM-V unmanned surface vehicle, further expanding its presence in the academic research market. Both developments highlight OPT's ability to convert projects into operational systems and demonstrate demand for its autonomous maritime solutions.
Key Highlights
- PowerBuoy system successfully deployed and commissioned for Rutgers University.
- System replaces legacy ocean monitoring infrastructure off the New Jersey coast.
- Received purchase order for a WAM-V unmanned surface vehicle from Stevens Institute of Technology.
- Both Rutgers and Stevens projects are located in New Jersey.
- The WAM-V maritime drone is currently in production.
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