Ocean Power Technologies Completes Long Term Testing Of Next Generation PowerBuoy; The System Maintained 100% Data Uptime And The State Of Charge Of The Batteries Remained Over 90% Throughout The Deployment

Author: Benzinga Newsdesk | September 05, 2024 08:08am

Ocean Power Technologies, Inc. (NYSE:OPTT) ("OPT" or the "Company"), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced it has completed more than four months of offshore testing of its Next Generation PowerBuoy® ("PB") in the Atlantic Ocean off New Jersey. The solar and wind power equipped Next Generation PB was equipped with OPT's proprietary Artificial Intelligence capable Merrows™ suite of solutions. The system maintained 100% data uptime and the state of charge of the batteries remained over 90% throughout the deployment. During the deployment, several Intelligence, Surveillance, and Reconnaissance demonstrations for potential customers were completed.

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