Ocean Power Technologies Demonstrates AI-Powered Maritime Domain Awareness Solution with PowerBuoy

Ocean Power Technologies (OPT) has completed offshore demonstrations for potential customers of its Maritime Domain Awareness Solution, Merrows, which features artificial intelligence capabilities. The demonstrations utilized the new PowerBuoy and showcased its Intelligence, surveillance, and reconnaissance capabilities, eliminating the need for lengthy studies and speeding up the sales process. OPT has scheduled further demonstrations for additional customers, including overseas contractors, in the coming weeks.

The PowerBuoy is designed for survivability and cybersecurity, allowing OPT to securely connect to the solution from anywhere in the world. The data collected can be used for actionable intelligence and can also feed into advanced AI systems. OPT’s CEO, Philipp Stratmann, emphasized the importance of demonstrating the solution in the open ocean to onboard new customers and highlighted the advanced algorithms of the Merrows offering, which are driving sales efforts and revenue growth for the company.

These field demonstrations are crucial for showcasing the capabilities of OPT’s Maritime Domain Awareness Solution and accelerating sales efforts. By demonstrating the PowerBuoy’s advanced algorithms and capabilities in the open ocean, OPT is able to onboard new customers and continue its revenue growth trajectory. The secure and efficient data collection and AI capabilities of the solution make it a valuable tool for customers in the marine industry.

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