reports
Ocean Power Technologies, Inc. First Quarter Fiscal 2026 Results
Ocean Power Technologies, Inc. First Quarter Fiscal 2026 Results Ocean Power Technologies Backlog Surges 184%Drives Accelerating Growth Outlook MONROE TOWNSHIP, N.J., Sept. 15, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), today announced financial results for its fiscal first quarter (“1Q26”) Highlights include: 1Q26 RESULTS Backlog at July 31, 2025 was $15.0 million, a 184% increase over the 1Q25.Pipeline as of July 31, 2025 was $133.5 million, a 45% increase over the $92.0 million pipeline at April July 31, 2024.Cash operati...
Ocean Power Technologies Announces Strategic Partnership with Gradient...
Ocean Power Technologies Announces Strategic Partnership with Gradient Marine to Enhance Digital Twin and Simulation Capabilities MONROE TOWNSHIP, N.J., Sept. 15, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced it has entered into a strategic partnership with Gradient Marine (“GM”), a U.S.-based provider of advanced digital modeling, simulation, and hardware-in-the-loop environments. Through this collaboration, OPT w...
Ocean Power Technologies to Release Fiscal 2026 First Quarter Earnings...
Ocean Power Technologies to Release Fiscal 2026 First Quarter Earnings on September 15, 2025 MONROE TOWNSHIP, N.J., Sept. 02, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that it will release earnings for its fiscal 2026 first quarter for the period ended July 31, 2025 after the market closes on Monday September 15, 2025. INDIVIDUAL MEETING INFORMATION In an effort to increase relations with institutional investors, OP...
Ocean Power Technologies Announces Shipment of WAM-Vs to the UAE
Ocean Power Technologies Announces Shipment of WAM-Vs to the UAE Further expands fleet in the region MONROE TOWNSHIP, N.J., Sept. 02, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced it is shipping two WAM-V® Unmanned Surface Vehicles (“USV”) to Remah International Group (“RIG”), a privately held and UAE headquartered company with a focus on military services. RIG, in its roles as OPT’s defense partner in the UAE, is expec...
Ocean Power Technologies Accelerates UAE Growth Strategy Through Expan...
Ocean Power Technologies Accelerates UAE Growth Strategy Through Expanded Partnership with Unique Group MONROE TOWNSHIP, N.J., Aug. 26, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and uncrewed surface vehicle (USV) solutions, today announced that it has entered into a Master Services Agreement (“MSA”) with its established partner, Unique Group, a UAE-headquartered global leader in subsea technologies and offshore engineering. This MSA formalizes and signifi...
Ocean Power Technologies Unveils Enhanced Merrows™ Maritime Domain Awa...
Ocean Power Technologies Unveils Enhanced Merrows™ Maritime Domain Awareness Solution MONROE TOWNSHIP, N.J., Aug. 19, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in intelligent maritime solutions, today announced a major upgrade to its AI-capable Merrows™ Maritime Domain Awareness Solution (MDAS). The updated system expands its role as an ISR node—enabling enhanced maritime domain awareness and autonomous collaboration across surface, subsurface, and aerial platforms. Built with mission-driven design, Merrows™ now del...
Ocean Power Technologies Expands U.S. Presence with New Washington, D....
Ocean Power Technologies Expands U.S. Presence with New Washington, D.C. Office at AUVSI Headquarters Move Strengthens Strategic Ties with the Association for Uncrewed Vehicle Systems International and Advances Trusted Operator Initiatives MONROE TOWNSHIP, N.J., Aug. 18, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative, low-carbon offshore power, data, and service solutions, today announced the opening of a new office at the Association for Uncrewed Vehicle Systems International (AUVSI) headquarters in Washing...
Ocean Power Technologies Highlights Marine Energy Leadership in Testim...
Ocean Power Technologies Highlights Marine Energy Leadership in Testimony Before New Jersey Legislature From Innovation to Policy: OPT Leverages Proven Marine Energy Track Record to Help Shape the Future MONROE TOWNSHIP, N.J., Aug. 14, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative, low-carbon offshore power, data, and service solutions, today announced its participation in a joint hearing of the New Jersey Assembly Environment, Natural Resources, and Solid Waste Committee and the Senate Environment and Ener...
Ocean Power Technologies, Inc. Announces Fourth Quarter and Full Year ...
Ocean Power Technologies, Inc. Announces Fourth Quarter and Full Year Fiscal 2025 Results OPT Enters Fiscal 2026 with Record Backlog and Record Pipeline MONROE TOWNSHIP, N.J., July 24, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), today announced financial results for its fiscal fourth quarter (“4Q25”) and full-year ended April 30, 2025 (“FY25”). Highlights include: FY25 RESULTS and RECENT HIGHLIGHTS Backlog at April 30, 2025 was $12.5 million, a 158% increase over the prior year.Pipeline as of the date of this release stands a...
Ocean Power Technologies Signs Strategic Reseller Agreement in Latin A...
Ocean Power Technologies Signs Strategic Reseller Agreement in Latin America Agreement Includes a $3 Million Purchase Commitment for OPT Products and Expands Commercial Reach of Intelligent Maritime Solutions in the Mexican Market MONROE TOWNSHIP, N.J., July 24, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced the signing of a new reseller agreement with a Latin America-based partner focused on supporting the Mexican offsh...
Ocean Power Technologies to Announce Fiscal 2025 Fourth Quarter and Fu...
Ocean Power Technologies to Announce Fiscal 2025 Fourth Quarter and Full-Year Results on July 24, 2025 MONROE TOWNSHIP, N.J., July 15, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that it will release earnings for its fiscal 2025 full year and fourth quarter ended April 30, 2025 after the market closes on Thursday July 24, 2025. CONFERENCE CALL AND WEBCAST INFORMATION A conference call to discuss OPT’s financial result...
Ocean Power Technologies Achieves ISO 9001 Certification
Ocean Power Technologies Achieves ISO 9001 Certification Reinforces its Commitment to Quality and Continuous Improvement MONROE TOWNSHIP, N.J., July 14, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that it has achieved ISO 9001 certification for its quality management system. ISO 9001 is the world's most recognized quality management standard, awarded to organizations that consistently provide products and service...
Ocean Power Technologies Installs AI Capable Merrows™ PowerBuoy® for N...
Ocean Power Technologies Installs AI Capable Merrows™ PowerBuoy® for Naval Postgraduate School System includes AT&T® 5G technology for seamless Maritime Domain Awareness MONROE TOWNSHIP, N.J., July 09, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced the successful installation of its previously contracted PowerBuoy® system for the Naval Postgraduate School (NPS). The full system, now deployed in Monterey Bay, integrates ...
Ocean Power Technologies Awarded Patent for System and Method for Vehi...
Ocean Power Technologies Awarded Patent for System and Method for Vehicle Charging MONROE TOWNSHIP, N.J., June 26, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (OPT or the “Company”) (NYSE American: OPTT), a leader in innovative and sustainable marine energy and data solutions, today announced that the United States Patent and Trademark Office (USPTO) has issued a Notice of Allowance for its U.S. patent application titled “System and Method for Vehicle Charging.” The newly allowed patent (Application No. 18/936,528) protects OPT’s breakthrough system for an autonomous, float...
Ocean Power Technologies Announces Hiring of Jason Weed as Senior Vice...
Ocean Power Technologies Announces Hiring of Jason Weed as Senior Vice President – Commercial Sales MONROE TOWNSHIP, N.J., June 04, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative, cost-effective, low-carbon and artificial intelligence maritime services that enable safer and more productive ocean operations and related power, data, and service solutions, today announced the hiring of Jason Weed as Senior Vice President – Commercial Sales. Mr. Weed is a strategic leader and retired U.S. Navy Captain with over 1...
Ocean Power Technologies Earns “Trusted Operator” Status in New AUVSI ...
Ocean Power Technologies Earns “Trusted Operator” Status in New AUVSI Maritime Certification Program Certification Underscores OPT’s Commitment to Operational Excellence and Real-World Autonomous Maritime Solutions MONROE TOWNSHIP, N.J., May 27, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative, cost-effective, low-carbon and artificial intelligence maritime services that enable safer and more productive ocean operations and related power, data, and service solutions, today announced its recognition as one of t...
Ocean Power Technologies Completes First Sea Trial for WAM-V®s at US C...
Ocean Power Technologies Completes First Sea Trial for WAM-V®s at US Coast Guard Approved Test Site in New Jersey Completion of Sea Trial confirms ability to test 24/7/365 on East and West Coast MONROE TOWNSHIP, N.J., May 22, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative, cost-effective, low-carbon and artificial intelligence maritime services that enable safer and more productive ocean operations and related power, data, and service solutions, today announced that it has completed its first WAM-V® 22 sea t...
Ocean Power Technologies to Participate in a Fireside Chat on Tuesday,...
Ocean Power Technologies to Participate in a Fireside Chat on Tuesday, May 6, 2025 MONROE TOWNSHIP, N.J., May 05, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that as part of the Company's ongoing commitment to connecting with the investor community, it will participate in a fireside chat on Tuesday May 6, 2025, at 11 a.m. ET. Dr. Philipp Stratmann, President and Chief Executive Officer for OPT, will discuss recent perf...
Ocean Power Technologies Awarded Contract to Provide Multiple Unmanned...
Ocean Power Technologies Awarded Contract to Provide Multiple Unmanned Surface Vehicles for International Defense Customer Contract will lead to further growth with Allied Forces MONROE TOWNSHIP, N.J., May 05, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced it has been awarded a contract for multiple WAM-V®s for delivery to certain Allied Forces. The contract includes delivery of vehicles, integrated sensors, and operator...
Ocean Power Technologies Ships AI-Capable Merrows™ PowerBuoy®
Ocean Power Technologies Ships AI-Capable Merrows™ PowerBuoy® Shipment follows previously announced international opportunity MONROE TOWNSHIP, N.J., May 01, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced it has shipped a Merrows™ capable PowerBuoy® to demonstrate the survivability and suitability of the system for certain defense and security applications, including surface and subsea monitoring. This follows OPT’s execu...
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