Ocean Power Technologies is trading 10.4% up at $0.17 after achieving CMMC Level 2 cybersecurity compliance, a critical requirement for securing U.S. Department of Defense (DoD) contracts.
- The compliance milestone significantly expands the company's eligibility for government work, specifically targeting defense-related projects.
- While a broader tech rally is providing a tailwind, the cybersecurity certification is the primary company-specific catalyst driving investor interest.