🟢 Ocean Power Technologies is trading 10.70% up today after renewed attention to U.S. Navy mapping contract

Ocean Power Technologies is trading 10.70% up now at $0.21 after renewed investor attention to its selection for a U.S. Navy autonomous ocean-mapping contract.

• The company is one of six potential awardees under the $40 million NAVOCEANO IDIQ agreement.
• The agreement supports high-resolution ocean-floor mapping with unmanned surface vehicles.
• The $40 million is an aggregate ceiling across all awardees, and task orders will be competed.