Ocean Power Partners With Gradient Marine To Integrate GM's Virtual Maritime Picture Software To Develop And Deploy Digital Twins For OPT's Flagship Platforms

Ocean Power Technologies, Inc. (NYSE:OPTT) ("OPT" or the "Company"), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced it has entered into a strategic partnership with Gradient Marine ("GM"), a U.S.-based provider of advanced digital modeling, simulation, and hardware-in-the-loop environments.

Through this collaboration, OPT will integrate GM's Virtual Maritime Picture (VMP) software to develop and deploy digital twins for OPT's flagship platforms, including the PowerBuoy® and WAM-V® autonomous surface vehicles. These digital models are expected to enable OPT and its customers to conduct real-world simulation, mission rehearsal, and lifecycle testing in a virtual environment before deployment, accelerating development cycles and reducing operational risk.

The partnership is also expected to expand OPT's digital engineering processes, providing powerful new tools for defense, security, and commercial customers seeking to optimize maritime operations. Together, OPT and GM plan to deliver end-to-end solutions that combine proven physical systems with cutting-edge digital simulation.