Ocean Power Technologies receives U.S. government notification for additional assessment of its WAM-V unmanned surface vehicle.
Ocean Power Technologies (OPTT) announced its WAM-V unmanned surface vehicle (USV) has been selected by the U.S. government for further evaluation following a competitive capability assessment. The notification does not guarantee a contract award or future business opportunities with the government.
The assessment follows a recent review of maritime drone technologies, though no prior procurement decisions or financial commitments have been disclosed. OPTT’s selection signals potential interest but remains an early-stage engagement.
OPTT shares rose 2.2% in premarket trading following the announcement.