Ocean Power Technologies, Inc.
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Tracy D. Pagliara
- Full Time Employees
- 65
- Sector
- Producer manufacturing
- Industry
- Electrical products
- Address
- 28 Engelhard Drive Monroe Township NJ United States 08831
- IPO Date
- Apr 25, 2007
- CIK
- 0001378140
- Website
- oceanpowertechnologies.com
- Similar Companies
- Business
- Ocean Power Technologies, Inc. (OPTT) develops and provides intelligent maritime solutions, including autonomous surface vessels, wave-powered buoys and subsea batteries for remote power generation and data communications; it offers Data as a Service via Wave Adaptive Modular Vessels (WAM-V) and PowerBuoy platforms, Robotics as a Service through WAM-V subscriptions, and Power as a Service with PowerBuoy and hybrid systems. The company targets defense and security, oil and gas, science and research, offshore wind, hydrographic, environmental monitoring, and inspection markets across North America, South America, Europe, the Middle East, Asia including the South China Sea, and inland waterways. Founded in 1984 and headquartered in Monroe Township, New Jersey, with an additional facility in Richmond, California, Ocean Power Technologies pivoted in 2015 to emphasize low-carbon remote maritime power and data services; it has introduced Merrows AI-capable maritime domain awareness integration and continues to expand via recent partnerships, including a December 2024 Latin America deal with $3 million in purchase orders for WAM-Vs, August 2025 UAE growth acceleration, four new global reseller agreements for critical services, a September 2025 digital twin collaboration with Gradient Marine, and alliances with defense drone and subsea leaders like Redcad and Teledyne Marine as of Q4 2025.
Company News
Ocean Power Technologies' compact PowerBuoy Mini selected for US Government operational exercise
Ocean Power Technologies wins Naval Postgraduate School order for WAM-V 8 drone
Naval Postgraduate School Orders WAM-V 8 for Littoral Sensing and Autonomous Systems Research
Ocean Power Technologies completes offshore deployment test of amphibious underwater vehicle
Ocean Power Technologies Demonstrates Offshore Deployment of Greensea IQ Bayonet 150 from Modified WAM-V 16
Ocean Power Technologies Operates Three WAM-V Classes Across Five Mission Sets at REPMUS 2026
Ocean Power Technologies demonstrates WAM-V 8 platform in surf-zone trial
Ocean Power Technologies Advances WAM-V® Development Through U.S. Army Surf-Zone Testing
Ocean Power Technologies, Inc. (OPTT) Reports Q1 Loss, Beats Revenue Estimates
Ocean Power Technologies Announces First Quarter Fiscal 2027 Results
Ocean Power Technologies Aligns Leadership Team to Accelerate Commercial Execution and Backlog Conversion
Ocean Power Technologies advances US Army trials – ICYMI
Ocean Power Technologies to execute 1-for-30 reverse stock split
Ocean Power Technologies to execute 1-for-30 reverse stock split
Ocean Power Technologies Announces Reverse Stock Split
Ocean Power Technologies to demonstrate WAM-V platform in US Army coastal testing
Ocean Power Technologies Begins U.S. Army Corps of Engineers Surf-Zone Demonstration
Ocean Power Technologies, Foxtrot partner on Palantir Foundry implementation for maritime growth
Broadcom's AI outlook draws mixed market reaction
Ocean Power Technologies Selects Palantir Foundry to Accelerate Growth in Autonomous Maritime Operations