Ocean Power Technologies, Inc.·Industrials

Ocean Power Technologies Inc (NYSE-A:OPTT) CEO Philipp Stratmann talked with Proactive about the company's first shipment under its $6.5 million contract with the US Department of Homeland Security, marking a major operational milestone. Proactive: Welcome back inside our Proactive newsroom.

Ocean Power Technologies Inc (NYSE-A:OPTT) CEO Philipp Stratmann talked with Proactive about the company’s first shipment under its $6.5 million contract...

Ocean Power Technologies Inc (NYSE-A:OPTT) said on Friday it has secured a contract to supply a fully integrated WAM-V unmanned surface vehicle to an underwater research customer in the Nordic region. The New Jersey-based company said the system will be assembled and shipped immediately, marking a further step in its expansion into Nordic markets, where it has been working with government and commercial end users.

MONROE TOWNSHIP, N.J., March 27, 2026 (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 secured a contract from a new Nordics based underwater research customer for a fully integrated WAM-V for immediate delivery.

Carnival Corp (NYSE:CCL) reported a strong start to 2026 with record first-quarter revenue and raised its full-year outlook, as demand and higher pricing...

Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has shipped the first PowerBuoy system under its previously announced $6.5 million contract with the US Department of Homeland Security, marking a step toward deployment of offshore monitoring technology for the US Coast Guard. The company said the shipment represents a transition from system development and integration into operational deployment.
Ocean Power Technologies, Inc. develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves in North America, South America, Europe, and Asia. It offers PB3 PowerBuoy system that generates power for use independent of the power grid in offshore locations. The company also provides hybrid PowerBuoy products; subsea battery systems; and software, controls, sensors, integration services, and marine installation services. In addition, it offers distributed offshore power and communications for remote surface and subsea applications in markets, such as defense and security, offshore oil and gas, science and research, and offshore wind. Further, the company provides Wave Adaptive Modular Vessel (WAM-V) technology, which enables roaming capabilities for uncrewed maritime systems in waters; leases WAM-V robotics and access information; maritime domain awareness solutions; and strategic consulting services. Additionally, it offers offshore data collection, integration, analytics, and real time communication for various applications. The company serves public and private entities, and agencies that require remote offshore power. Ocean Power Technologies, Inc. was incorporated in 1984 and is headquartered in Monroe Township, New Jersey.
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