OPTTOcean Power Technologies, Inc.

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

Energy stocks were declining pre-bell Friday, with the State Street Energy Select Sector SPDR ETF (X

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...