{"id":1018767,"date":"2026-11-09T10:00:25","date_gmt":"2026-11-09T15:00:25","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ocean-power-technologies-to-support-marine-research-with-powerbuoy-platform\/"},"modified":"2026-11-09T10:00:25","modified_gmt":"2026-11-09T15:00:25","slug":"ocean-power-technologies-to-support-marine-research-with-powerbuoy-platform","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ocean-power-technologies-to-support-marine-research-with-powerbuoy-platform\/","title":{"rendered":"Ocean Power Technologies to Support Marine Research with PowerBuoy Platform"},"content":{"rendered":"<h2>\nPlanned 12-month lease would continue use of Monterey Bay platform for university research<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p>MONROE TOWNSHIP, N.J., Nov.  09, 2026  (GLOBE NEWSWIRE) &#8212; Ocean Power Technologies, Inc. (\u201cOPT\u201d or the \u201cCompany\u201d) today announced a 12-month lease agreement with the Stanford Doerr School of Sustainability for the PowerBuoy\u00ae system currently deployed in Monterey Bay, California, to support marine research.<\/p>\n<p>The system was previously leased to the Naval Postgraduate School (NPS) in support of field experimentation exercises. The planned arrangement would transfer the system\u2019s lease to the school while retaining its current deployment location. Researchers plan to use the platform to extend field deployment and data collection at Hopkins Marine Station.<\/p>\n<p>The leased system includes the PowerBuoy, three-point mooring hardware, and OPT\u2019s Maritime Domain Awareness System (MDAS). OPT\u2019s engineering team in New Jersey will provide remote buoy monitoring, diagnostics, and maintenance throughout the lease. Procurement and integration of third-party research instruments or payloads would be addressed under separate arrangements.<\/p>\n<p>OPT\u2019s PowerBuoy will support joint research under a Cooperative Research and Development Agreement with the Naval Postgraduate School. This joint effort is a collaborative project and one of several efforts resulting from the Integrated Ocean Science and Technology Workshop held with NPS earlier this year. These projects are part of the continuing effort to develop impactful solutions under an Educational Partnership Agreement between the school and NPS.<\/p>\n<p>\u201cProviding offshore infrastructure and technical support allows Stanford\u2019s researchers to focus on their scientific work, and we are proud to help advance their mission,\u201d said Tracy Pagliara, Acting President and CEO of OPT.<\/p>\n<p>\u201cThe transition from NPS to the Stanford Doerr School of Sustainability\u2019s Hopkins Marine Station demonstrates the continuing value of keeping the PowerBuoy in Monterey Bay, providing power, communications, and a base for field operations, backed by our engineering team\u2019s remote monitoring, diagnostics, and maintenance,\u201d said Jason Weed, Chief Operating Officer of OPT. \u201cThat continuity is central to our commercial model: durable ocean infrastructure that supports successive research programs.\u201d<\/p>\n<p>\n        <strong>About Ocean Power Technologies<\/strong>\n      <\/p>\n<p>Ocean Power Technologies, Inc. (NYSE American: OPTT) provides intelligent maritime systems and services for defense and security, offshore energy, science and research, and offshore wind. Its PowerBuoy\u00ae platforms deliver clean, renewable power and real-time data communications for remote maritime and subsea applications. The company also offers the WAM-V\u00ae autonomous surface vehicle and Merrows\u2122 software for multi-domain awareness. For more information, visit www.oceanpowertechnologies.com.<\/p>\n<p>\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p>This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the anticipated use of OPT\u2019s PowerBuoy platform to support the Stanford Doerr School research, planned deployment and research activities, and expected platform capabilities. These statements involve risks and uncertainties that could cause actual results to differ materially from those anticipated, including changes in research scope, funding, or scheduling; the parties\u2019 ability to complete deployment and integration of research instrumentation; technical performance, environmental conditions, and operational risks; and other factors described in OPT\u2019s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. OPT undertakes no obligation to update these forward-looking statements, except as required by law.<\/p>\n<p>\n        <strong>Media Contacts<\/strong>\n      <\/p>\n<p>\n        <strong>Ocean Power Technologies<\/strong>\n      <\/p>\n<p>Investors: 609-730-0400 x401 or <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=6Aht3uHLAqQVbYyQJc4hMNJYMvpg1LxmyBs3WIT06YH_qEa6JH6XXcgLRhrEuP7wqrbOTKpkpi_RLPqeuR0V_2O6xfnNzlGNg3IVPrlfOh3GZydHvs4A8i-3MsImVvue0YuA0JkKKXkHyd6zlSNV5g==\" rel=\"nofollow\" target=\"_blank\">InvestorRelations@oceanpowertech.com<\/a><\/p>\n<p>Media: 609-730-0400 x402 or <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=sUIQAlVmkPYaefJeP299OSaqKtV_kLb3fc-WPHoClpxJqwYXBXpIUyBAtyXwYnTpd7VpFqDO-LVuBMmmTCW1HeUm5QGf4LHuZ_DjDKlFbHAG9k4QXYpk5Pp-vQaN3t-RdO-r5hYVKVpXtNJw_MbUBw==\" rel=\"nofollow\" target=\"_blank\">MediaRelations@oceanpowertech.com<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTg3MjUxOCM3OTUxNzc1IzIwMDY5MTQ=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ZmIwZTQ0YzktMWQ3OS00ZDdhLTgwZTUtOGNkNGUyMjllZjEzLTEwMTg0ODctMjAyNi0xMS0wOS1lbg==\/tiny\/Ocean-Power-Technologies-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Planned 12-month lease would continue use of Monterey Bay platform for university research MONROE TOWNSHIP, N.J., Nov. 09, 2026 (GLOBE NEWSWIRE) &#8212; Ocean Power Technologies, Inc. (\u201cOPT\u201d or the \u201cCompany\u201d) today announced a 12-month lease agreement with the Stanford Doerr School of Sustainability for the PowerBuoy\u00ae system currently deployed in Monterey Bay, California, to support marine research. The system was previously leased to the Naval Postgraduate School (NPS) in support of field experimentation exercises. The planned arrangement would transfer the system\u2019s lease to the school while retaining its current deployment location. Researchers plan to use the platform to extend field deployment and data collection at Hopkins Marine Station. The leased system includes the PowerBuoy, three-point mooring hardware, and OPT\u2019s Maritime &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ocean-power-technologies-to-support-marine-research-with-powerbuoy-platform\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Ocean Power Technologies to Support Marine Research with PowerBuoy Platform&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1018767","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ocean Power Technologies to Support Marine Research with PowerBuoy Platform - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ocean-power-technologies-to-support-marine-research-with-powerbuoy-platform\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ocean Power Technologies to Support Marine Research with PowerBuoy Platform - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Planned 12-month lease would continue use of Monterey Bay platform for university research MONROE TOWNSHIP, N.J., Nov. 09, 2026 (GLOBE NEWSWIRE) &#8212; Ocean Power Technologies, Inc. (\u201cOPT\u201d or the \u201cCompany\u201d) today announced a 12-month lease agreement with the Stanford Doerr School of Sustainability for the PowerBuoy\u00ae system currently deployed in Monterey Bay, California, to support marine research. The system was previously leased to the Naval Postgraduate School (NPS) in support of field experimentation exercises. The planned arrangement would transfer the system\u2019s lease to the school while retaining its current deployment location. Researchers plan to use the platform to extend field deployment and data collection at Hopkins Marine Station. The leased system includes the PowerBuoy, three-point mooring hardware, and OPT\u2019s Maritime &hellip; Continue reading &quot;Ocean Power Technologies to Support Marine Research with PowerBuoy Platform&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/ocean-power-technologies-to-support-marine-research-with-powerbuoy-platform\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-11-09T15:00:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTg3MjUxOCM3OTUxNzc1IzIwMDY5MTQ=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ocean-power-technologies-to-support-marine-research-with-powerbuoy-platform\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ocean-power-technologies-to-support-marine-research-with-powerbuoy-platform\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Ocean Power Technologies to Support Marine Research with PowerBuoy Platform\",\"datePublished\":\"2026-11-09T15:00:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ocean-power-technologies-to-support-marine-research-with-powerbuoy-platform\\\/\"},\"wordCount\":561,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ocean-power-technologies-to-support-marine-research-with-powerbuoy-platform\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTg3MjUxOCM3OTUxNzc1IzIwMDY5MTQ=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ocean-power-technologies-to-support-marine-research-with-powerbuoy-platform\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ocean-power-technologies-to-support-marine-research-with-powerbuoy-platform\\\/\",\"name\":\"Ocean Power Technologies to Support Marine Research with PowerBuoy Platform - 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(\u201cOPT\u201d or the \u201cCompany\u201d) today announced a 12-month lease agreement with the Stanford Doerr School of Sustainability for the PowerBuoy\u00ae system currently deployed in Monterey Bay, California, to support marine research. The system was previously leased to the Naval Postgraduate School (NPS) in support of field experimentation exercises. The planned arrangement would transfer the system\u2019s lease to the school while retaining its current deployment location. Researchers plan to use the platform to extend field deployment and data collection at Hopkins Marine Station. 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