OCEAN POWER TECHNOLOGIES, INC. - LEASE OF COMMERCIAL SERVICE CONTRACT FOR LEASING A CURRENT OPT NEXT GEN POWER BUOY THAT WAS MODIFIED TO INCLUDE 5G AND STARLINK ALONG NPS REQUIRES AN UPGRADE TO THE SENSORS ON THIS BUOY OWNED BY OPT. 12-MONTHS PERIOD OF PERFORMANCE

PIID: N0024425PS135

Signed Date: Nov 20, 2025Effective Date: Sep 4, 2025End Date: Closes in 86 days

Award $

$150K

Vendor

OCEAN POWER TECHNOLOGIES, INC.

NAICS

532411

Signed Date

Nov 20, 2025

Key Details

Dollars Obligated

$149,816

Base & All Options

Awarding Agency

Department of Defense

Awarding Sub-Agency

Department of the Navy

NAICS Code

532411 - COMMERCIAL AIR, RAIL, AND WATER TRANSPORTATION EQUIPMENT RENTAL AND LEASING

Product Service Code

2050 - BUOYS

Extent Competed

NOT COMPETED

Number of Offers

Place of Performance

MONROE TOWNSHIP, NJ, 088313720, CD-NJ-12

Description

LEASE OF COMMERCIAL SERVICE CONTRACT FOR LEASING A CURRENT OPT NEXT GEN POWER BUOY THAT WAS MODIFIED TO INCLUDE 5G AND STARLINK ALONG NPS REQUIRES AN UPGRADE TO THE SENSORS ON THIS BUOY OWNED BY OPT. 12-MONTHS PERIOD OF PERFORMANCE

Context & Analysis

On Nov 20, 2025, Department of Defense obligated $149,816 to OCEAN POWER TECHNOLOGIES, INC. for lease of commercial service contract for leasing a current opt next gen power buoy that was modified to include 5g and starlink along nps requires an upgrade to the sensors on this buoy owned by opt. …. The award is classified under NAICS 532411 — COMMERCIAL AIR, RAIL, AND WATER TRANSPORTATION EQUIPMENT RENTAL AND LEASING and issued as a firm fixed price contract. Competition extent: not competed with 1 offer received. The procurement used a NO SET ASIDE USED. set-aside. Performance is located in MONROE TOWNSHIP, NJ. The contract is scheduled through Sep 3, 2026 — approximately 3 months remaining.