Ocean Power Technologies Selected for Participation in $40 Million U.S. Navy Project for Autonomous Ocean Mapping

MONROE TOWNSHIP, N.J., Aug. 05, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (“OPT” or the “Company”) (NYSE American: OPTT), a leader in maritime operational infrastructure and autonomous ocean systems, today announced that it has been selected as one of six potential awardees under a $40 million multiple-award, indefinite-delivery/indefinite-quantity (“IDIQ”) contract supporting the Naval Oceanographic Office (“NAVOCEANO”).