Ocean Power Technologies, Inc.
New York Stock Exchange AmericanCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Philipp Stratmann
- Full Time Employees
- 53
- Sector
- Industrials
- Industry
- Electrical Equipment & Parts
- Address
- 28 Engelhard Drive Monroe Township NJ United States of America 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.
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Ocean Power Technologies CEO Philipp Stratmann on growing ocean monitoring demand - ICYMI
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