Ocean Power Technologies Secures $5 Million Contract with DHS for Buoy Systems

MONROE TOWNSHIP, N.J., Jan. 06, 2026 (GLOBE NEWSWIRE) — Ocean Power Technologies, Inc. (NYSE American: OPTT) announced it has been awarded a contract valued at over $5 million to deploy and operate four MERROWS-equipped PowerBuoy® systems for a mission supporting the U.S. Coast Guard under the Department of Homeland Security (DHS). The systems are set to provide crucial maritime domain awareness off the coast of San Diego, California.

The PowerBuoys will be integrated into DHS’s chosen C5I environment, working alongside several surveillance towers operated by Anduril, another technology firm. The combined systems will form an integrated architecture designed to enhance situational awareness and improve detection capabilities for maritime operations.

Jason Weed, Senior Vice President of Commercial Sales at Ocean Power Technologies, noted, “This demonstration underscores the growing demand for long-endurance, continuously powered systems that can operate persistently in challenging maritime environments. Working alongside the U.S. Coast Guard and DHS, we are proud to provide a solution that enhances real-time maritime domain awareness without the logistical burden of fuel or frequent maintenance.”

Philipp Stratmann, President and CEO of Ocean Power Technologies, emphasized the significance of this partnership. “This project marks another major step forward in OPT’s role as a trusted provider of intelligent, resident, and persistent maritime solutions for U.S. federal agencies,” he stated.

Peter Babb, Vice President of Counter Intrusion at Anduril, added, “This integration gives the Coast Guard a clearer, faster, and more actionable picture of the maritime environment, strengthening their ability to safeguard U.S. waters.”

The contract represents a strategic collaboration aimed at enhancing homeland security efforts through advanced technology in maritime surveillance.