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Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has been selected by the US government for further engagement following a competitive capability assessment of its WAM-V unmanned surface vehicle (USV), a maritime drone platform. The company said the notification marks another step in its ongoing engagement with the US government but does not represent a contract award or procurement decision.

MONROE TOWNSHIP, N.J., July 17, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) today announced that it has received notification from the U.S. Government that its maritime drone technology, the WAM-V unmanned surface vehicle (USV), has been selected for further engagement following a recent competitive capability assessment.

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Ocean Power Technologies Inc (NYSE-A:OPTT) has expanded its maritime security work across Europe, completing customer training and drone handovers in Italy and Greece. The New Jersey company, which develops autonomous maritime systems and offshore power solutions, said the activities supported deployment of its systems by international customers over recent weeks.