OPT Contracts With ACET for U.S. Navy SLAMR Initiative
MONROE TOWNSHIP, N.J. -- Feasibility Study Will Focus on Linking OPT PowerBuoy Offshore 5G Communications Solution with Unmanned and Robotic Systems and Onshore Control
Ocean Power Technologies, Inc. (“OPT” or “the Company”) (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy solutions, today announced it has been contracted by Reston, Virginia-based Adams Communications & Engineering Technology (ACET) to conduct a feasibility study. The evaluation of a PB3 PowerBuoy® power and 5G communications solution comes in support of the U.S. Navy’s Naval Postgraduate School’s (NPS) Sea, Land, Air, Military Research (SLAMR) Initiative, which conducts interdisciplinary research in unmanned and robotic systems.
ACET President and CEO Charles Adams stated, “ACET’s subcontract with OPT brings this potential technology solution one step closer to reality through the SLAMR research initiative at NPS and demonstrates our commitment to deliver products that meet or exceed our customer’s needs.”
“This NPS initiative is about exploiting cutting edge technologies in autonomous systems for marine defense. We are proud to be part of this effort,” said George Kirby, President and Chief Executive Officer of OPT. “Working closely with the U.S. Navy, ACET, and the SLAMR initiative, we believe that OPT’s solutions can be a focal point of the SLAMR mission profile.”
OPT and ACET will review, validate, and determine the cost and configuration of integrating OPT solutions as the basis of an autonomous offshore 5G communications system. The study will detail preliminary operational, deployment, and maintenance plans, and regulatory approval requirements to support the SLAMR initiative’s focus on unmanned and robotic systems.