Ocean Power Technologies

OPTT

Market cap $87.2M

Ocean Power Technologies Inc (NYSE-A:OPTT) earlier this week outlined rapid progress in deploying its power and monitoring systems, as CEO Philipp Stratmann highlighted accelerating demand for ocean security solutions in an interview with Proactive. Stratmann said the company had moved from contract award to deployment with the US Homeland Security Department, delivering its first operational system in less than four months.

Ocean Power Technologies Inc (NYSE-A:OPTT) has announced the deployment of its first PowerBuoy system under a contract with the US Department of Homeland Security, marking an operational milestone for the company's offshore monitoring technology. The system has been installed off the coast of California and is intended to support maritime domain awareness efforts for the United States Coast Guard.

MONROE TOWNSHIP, N.J., April 13, 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 the successful deployment of the first PowerBuoy® system under its previously announced contract with the U.S. Department of Homeland Security (DHS). The system has been deployed off the coast of California to support maritime domain awareness operations for the U.S. Coast Guard.

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) 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.

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.

MONROE TOWNSHIP, N.J., March 24, 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 the shipment of the first PowerBuoy® system under its previously announced $6.5M contract with the U.S. Department of Homeland Security (DHS). The system will support maritime domain awareness operations for the U.S. Coast Guard.

Ocean Power Technologies Inc (NYSE-A:OPTT) earlier this week reported third-quarter results highlighting a record backlog, which the company said underpins near-term revenue growth and validates market demand for its solutions. Chief executive Philipp Stratmann told Proactive that the backlog consists of contracted purchase orders already secured, which are expected to convert into revenue as performance obligations are met.

Ocean Power Technologies, Inc. (OPTT) Q3 2026 Earnings Call Transcript