Ocean Power wins $3m US Navy contract

Home

News-archive

Tidal Projects

Ocean Power wins $3m US Navy contract

Written by Administrator

Wednesday, 05 November 2008 17:54

A $3 million contract covering its participation in phase two of the US Navy's Deep Water Active Detection Systems (DWADS) program has been won by Ocean Power Technologies it was announced today (5th November). The new contract provides for ocean testing, by the Navy, of an advanced version of the company's autonomous PowerBuoy for the Navy’s operational requirements. In addition, OPT will support the Navy’s ocean test procedures in the areas of mooring design, at-sea operations and deployment.

Commenting on the deal Dr. George W. Taylor, Chief Executive Officer of OPT, said, "We are very pleased to have received this new contract from the US Navy, following the deployment of our first DWADS PowerBuoy last month. It builds on our experience in deep-water power source applications, and we believe that the advanced control features of the PowerBuoy will make a unique contribution to the success of the Navy’s highly advanced data gathering and communications program."

Under the initial phase of the program, unveiled last month, OPT deployed a test design of its autonomous PowerBuoy 75 miles off the coast of New Jersey. The test provided power generation data that validated OPTis power predictions for the system.

< Prev		Next >