OPTT Ocean Power Technologies, Inc.

Ocean Power Technologies Acting CEO Tracy Pagliara and Jason Weed – Chief Operating Officer joined Steve Darling from Proactive to provide an update on the company's growing sales opportunities, defense-sector momentum, and expanding portfolio of autonomous maritime technologies. Pagliara revealed that Ocean Power Technologies' qualified sales pipeline has now exceeded $150 million, while its current backlog stands at approximately $20 million. She described the company as being on the verge of a significant growth phase as it works to convert existing opportunities into contracts and revenue. "We are on the verge of breaking out," Pagliara said, pointing to a growing number of large opportunities currently under evaluation. The company continues to focus on converting its backlog into revenue while simultaneously replenishing and expanding its pipeline through new customer engagements. A major contributor to that momentum has been OPT's participation in high-profile military and defense exercises. Weed highlighted the company's involvement in REPMUS 2026, one of NATO's largest maritime autonomous systems exercises, where Ocean Power Technologies worked directly with U.S. Navy and Marine Corps personnel. During the exercise, all three classes of the company's uncrewed surface vehicles—including its 8-foot, 16-foot, and 22-foot platforms—were successfully integrated into the Navy's common control architecture. The vessels were deployed across a range of operational scenarios, including mine countermeasure operations, intelligence gathering, surveillance, reconnaissance, and maritime security missions. Weed noted that the U.S. Navy conducted a formal evaluation of the platforms during the exercise, providing an important opportunity for the company to demonstrate the interoperability and operational effectiveness of its systems in a real-world multinational environment. Beyond NATO operations, Ocean Power Technologies recently completed another significant government evaluation with the U.S. Army Corps of Engineers at the agency's Field Research Facility in Duck, North Carolina. The three-day assessment tested the company's autonomous surface vehicles and sensor technologies in challenging surf-zone environments characterized by breaking waves, currents, and difficult coastal conditions. Weed said the demonstration followed extensive preparation and testing activities conducted off the California coast before deployment to the East Coast evaluation site. The Army Corps assessment focused on capabilities such as bathymetric mapping, submerged hazard detection, and coastal monitoring—applications that are increasingly important for both civil infrastructure projects and military operations. In addition to its growing maritime drone business, Pagliara highlighted continued opportunities for the company's PowerBuoy platform. Earlier this year, Ocean Power Technologies secured a contract with the U.S. Department of Homeland Security that resulted in the deployment of four PowerBuoys supporting U.S. Coast Guard operations. #proactiveinvestors #oceanpowertechnologiesinc #nyseamerican #optt #DefenseTech #MaritimeTechnology #NATO #USNavy #AutonomousSystems #USVs #MilitaryTechnology #CoastGuard #PowerBuoy #OceanTech #ISR #NationalSecurity #SteveDarling

Ocean Power Technologies Inc (NYSE-A:OPTT) said it put its WAM-V 8 platform through a formally evaluated demonstration in challenging surf-zone conditions, testing the autonomous vehicle at the US Army Corps of Engineers' Engineer Research and Development Center Field Research Facility in Duck,...

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Ocean Power Technologies Inc (NYSE-A:OPTT) reported first-quarter fiscal 2027 revenue of $1.7 million, up 44% from a year earlier, as the company expanded its work with US defense and security customers and moved forward with a strategic review process. Ocean Power Technologies ran three...

Ocean Power Technologies (OPTT) delivered earnings and revenue surprises of -6,366.67% and +15.85%, respectively, for the quarter ended July 2026. Do the numbers hold clues to what lies ahead for the stock?

Ocean Power Technologies Inc (NYSE-A:OPTT) said Wednesday that Dr. Philipp Stratmann has stepped down as CEO and board member, effective September 14, by mutual agreement. Tracy Pagliara, the company's senior vice president, general counsel and secretary, was named acting CEO, president and a...

Ocean Power Technologies Inc (NYSE-A:OPTT) earlier this week highlighted its expanding operational work with the U.S. Army and NATO as CEO Philipp Stratmann outlined how real-world deployments could support the company’s efforts to build backlog and generate additional revenue. Stratmann told...

Ocean Power Technologies Inc (NYSE-A:OPTT) will carry out a 1-for-30 reverse stock split, with shares trading on a split-adjusted basis starting September 14, 2026. The company said the split is meant to raise its per-share price and improve marketability and liquidity. Every 30 existing...

Ocean Power Technologies CEO Philipp Stratmann joined Steve Darling from Proactive to discuss the company's participation in a week-long U.S. Army demonstration designed to evaluate advanced autonomous maritime technologies operating in some of the most challenging nearshore environments. The demonstration is being conducted by the U.S. Army Engineer Research and Development Center's (ERDC) Coastal and Hydraulics Laboratory at its Field Research Facility in Duck, North Carolina. Following a competitive technical evaluation process, OPT was selected to showcase its WAM-V® autonomous maritime drone platform in live coastal conditions that include surf zones, breaking waves, strong currents and coastal inlets. The program is focused on identifying technologies capable of sustaining uncrewed surface vehicle operations in environments that are traditionally difficult and potentially hazardous for manned vessels. During the trials, ERDC is evaluating platforms and sensing technologies that can support critical missions such as bathymetric mapping and submerged-hazard detection. These capabilities have important applications for both military and civilian operations. Potential uses include U.S. Army Corps of Engineers civil infrastructure projects as well as military logistics-over-the-shore missions, where accurate information about water depths, underwater obstacles and shoreline conditions is essential for safe navigation and operational planning. OPT's WAM-V platform is specifically engineered for harsh marine environments. Its unique articulating suspension system helps improve stability while reducing structural stress when operating in waves and rough water conditions. The vessel's modular design also allows it to carry a variety of sensing and data-collection payloads, making it suitable for defense, scientific research, environmental monitoring and civil engineering applications. While participation in the demonstration does not constitute a procurement contract or guarantee future business, ERDC has indicated that technologies demonstrating strong performance could be considered for additional testing and evaluation programs, subject to future funding availability. #proactiveinvestors #oceanpowertechnologiesinc #nyseamerican #optt #PhillipStratmann #PowerBuoy #WAMV #MaritimeTech #MaritimeTechnology #DefenseTech #ArtificialIntelligence #AutonomousSystems #USCoastGuard #OceanInnovation #Defense #CleanTech

Ocean Power Technologies Inc (NYSE-A:OPTT) is participating in a week-long uncrewed surface vehicle demonstration hosted by the US Army Engineer Research and Development Center’s Coastal and Hydraulics Laboratory in Duck, North Carolina. The demonstration at ERDC’s Field Research Facility is...

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Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it is implementing Palantir Foundry to support the expansion of its autonomous maritime systems and services. The platform will be used to provide greater visibility across Ocean Power Technologies’ operations, including manufacturing,...

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Ocean Power Technologies Inc (NYSE-A:OPTT) announced that its Board of Directors has initiated a review of strategic alternatives with the goal of maximizing value for its stockholders. The company has retained Bowen, an investment banking advisory firm, as its financial advisor in connection...

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Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has been selected as one of six potential awardees under a $40 million multiple-award contract supporting the Naval Oceanographic Office (NAVOCEANO). The firm-fixed-price, indefinite-delivery/indefinite-quantity contract will...

Ocean Power Technologies Inc (NYSE-A:OPTT) CEO Philipp Stratmann talked with Proactive about the company's acquisition of the subsea wave power generating intellectual property portfolio from Columbia Wave Power, recent financial results and how the business is expanding its capabilities from...

Ocean Power Technologies Inc (NYSE-A:OPTT) has announced that it has delivered a WAM-V unmanned surface vehicle to Stevens Institute of Technology, completing an order that the company first announced in June. The company said the vehicle was delivered five weeks after the order was placed...

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Ocean Power Technologies Inc (NYSE-A:OPTT) said Wednesday it has achieved Cybersecurity Maturity Model Certification (CMMC) Level 2 compliance, a designation required for defense contracts involving Controlled Unclassified Information. The certification allows the company to pursue US...

Despite a significant net loss, Ocean Power Technologies Inc (OPTT) secures its largest contract ever and expands its global footprint, setting the stage for future growth.

Ocean Power Technologies CEO Philipp Stratmann joined Steve Darling from Proactive to discuss the company's acquisition of strategic subsea technology assets from Columbia Power Technologies, a move that expands its AI-enabled maritime infrastructure platform from the ocean surface to the seabed. Stratmann said the acquisition adds intellectual property and engineering expertise in subsea power systems, complementing the company's existing capabilities in offshore power generation, autonomous surface vehicles, maritime sensing, communications, and AI-powered software. The enhanced platform is designed to support persistent underwater operations, including autonomous underwater vehicles, subsea sensing, distributed communications, and long-duration maritime missions. The company also reported financial results for fiscal 2026, which management described as a transformational year as Ocean Power Technologies evolved from technology demonstrations to operational deployments serving defense, security, and commercial customers. Highlights included securing the company's largest deployment and recurring revenue contract—an approximately $6.5 million U.S. Coast Guard PowerBuoy® maritime domain awareness program—as well as integrating its PowerBuoy®, Merrows® AI platform, and autonomous technologies into active maritime security missions alongside leading defense partners, including Anduril. Ocean Power Technologies also ended the year with a record backlog of $19.8 million, a 58% increase from the previous year, providing improved visibility into future revenue. Looking ahead, Stratmann said the company's priorities include executing the U.S. Coast Guard deployment, converting its record backlog into revenue, and expanding relationships with U.S. government agencies, allied nations, and major defense contractors as demand for AI-enabled maritime infrastructure continues to grow. #proactiveinvestors #oceanpowertechnologiesinc #nyseamerican #optt #PhillipStratmann #PowerBuoy #WAMV #MaritimeTech #MaritimeTechnology #DefenseTech #ArtificialIntelligence #AutonomousSystems #USCoastGuard #OceanInnovation #Defense #CleanTech

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Moby summary of Ocean Power Technologies, Inc.'s Q4 2026 earnings call

Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has acquired strategic subsea developmental technology assets from Columbia Power Technologies, expanding its operational infrastructure portfolio to include capabilities designed for underwater operations. The acquisition extends...

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Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has been selected by the US government for further engagement following a competitive capability assessment of its WAM-V unmanned surface vehicle (USV), a maritime drone platform. The company said the notification marks another step...