WAM-V USV Delivered to Stevens Institute

Ocean Power Technologies has delivered a WAM-V Unmanned Surface Vehicle (USV) to Stevens Institute of Technology, completing an order announced in June 2026.

The WAM-V will support advanced marine research and development initiatives at Stevens while further expanding OPT’s presence within the academic research market.

OPT completed the order within five weeks. The company said the delivery timeline reflects its increased investment in inventory and other capital investments and represents another milestone in converting customer backlog into revenue and operating cash flow.

Philipp Stratmann, Chief Executive Officer of OPT, commented, “Successfully delivering this WAM-V demonstrates our ability to execute and consistently convert customer demand into revenue. Execution is a critical priority as we continue to grow our business. We believe completing this delivery reflects the strength of our manufacturing and operational capabilities while further validating our ability to deliver for customers on schedule. As we continue building our installed base across research, commercial, and defense markets, we believe disciplined execution will drive long-term value creation for our shareholders.”

OPT describes the academic research market as an attractive opportunity, supported by ongoing research initiatives, technology development, recurring funding opportunities, and the potential for follow-on procurements and long-term customer relationships.

The company said the completed Stevens order demonstrates its ability to serve a diverse customer base while pursuing opportunities within its expanding commercial pipeline.

Together with the recently completed Rutgers PowerBuoy deployment, OPT believes the delivery highlights its ability to move customer programs from award to delivery and deployment as it scales its autonomous maritime solutions business.