Ocean Power Technologies, Inc.
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- 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, 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
Ocean Power Technologies, Inc. (OPTT) Discusses Autonomous Maritime Technologies and Strategy for Ocean Operations Transcript
Ocean Power Technologies, Inc. to Participate in Water Tower Research Fireside Chat on Tuesday, August 25, 2026
Ocean Power Technologies, Inc. Provides Required Disclosure
Ocean Power Technologies, Inc. Receives Notice from NYSE American Regarding Late Filing of Annual Report on Form 10-K
Ocean Power Technologies Provides Update to Previously Announced Preliminary Fiscal 2026 Financial Results
Ocean Power Technologies launches strategic alternatives review
Ocean Power Technologies Initiates Review of Strategic Alternatives
Nasdaq ends four-day rally as Wall Street takes a breather
Ocean Power Technologies tapped for $40M US Navy autonomous ocean mapping program
Ocean Power Technologies Selected for Participation in $40 Million U.S. Navy Project for Autonomous Ocean Mapping
Ocean Power Technologies Selected for Participation in $40 Million U.S. Navy Project for Autonomous Ocean Mapping
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Ocean Power Technologies expands with Columbia Wave IP - ICYMI
Ocean Power Technologies expands with Columbia Wave IP - ICYMI
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