Ocean Power Technologies

OPTT

Market cap $81.7M

Ocean Power Technologies Inc (NYSE-A:OPTT) CEO Philipp Stratmann talked with Proactive about the company's newly announced contract valued at over $5 million with the US Coast Guard. Stratmann explained how this milestone demonstrates a practical deployment of Ocean Power Technologies' core mission — delivering long-term, autonomous maritime surveillance solutions.

Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has been awarded a contract valued at more than $5 million to deploy and operate multiple PowerBuoy systems in support of a US Coast Guard mission under the US Department of Homeland Security (DHS). The project involves the near-term delivery of four maritime surveillance–equipped PowerBuoy platforms off the coast of San Diego, California.

Ocean Power Technologies, Inc. (OPTT) Q2 2026 Earnings Call Transcript

Ocean Power Technologies Inc (NYSE-A:OPTT) reported a sharp increase in backlog and continued expansion of its commercial and operational footprint during the fiscal second quarter ended October 31. Backlog at quarter-end rose to approximately $15 million, up from $3.8 million a year earlier, while the company's pipeline increased to $137.5 million as of the quarter-end, compared to $84.4 million at the same point in 2024.

Year Over Year Backlog increases to $15.0 Million as Commercial Momentum Accelerates Year Over Year Backlog increases to $15.0 Million as Commercial Momentum Accelerates

MONROE TOWNSHIP, N.J / ACCESS Newswire / December 5, 2025 / Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American:OPTT) today announced that it will participate in the DealFlow Discovery Conference, taking place January 28-29, 2026. Bob Powers, CFO of OPT will deliver a company presentation and be available for one-on-one investor meetings throughout the event.

Ocean Power Technologies Inc (NYSE-A:OPTT) has announced a partnership with Mythos AI to integrate advanced artificial intelligence autonomy software across its fleet of WAM-V Autonomous Surface Vehicles (ASVs) and PowerBuoy platforms. The collaboration aims to enhance the company's operational performance and broaden the range of integrated solutions it offers across defense, security, and commercial markets.

Ocean Power Technologies Inc (NYSE-A:OPTT) earlier this week highlighted that it had received certification from the Association for Uncrewed Vehicle Systems International (AUVSI) to provide training for operators of uncrewed surface vehicles (USVs). The company said the accreditation recognises its ability to deliver ethical, safe, and efficient training.

Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has been certified by the Association for Uncrewed Vehicle Systems International (AUVSI) as a Trusted Uncrewed Maritime Systems (UMS) Operator Training Provider. The certification designates OPT as one of a select group of organizations authorized to deliver AUVSI-aligned operator training under the first industry-led framework for uncrewed maritime systems.

OPTT's quarterly loss widens y/y, but record backlog and pipeline growth highlight rising demand for its maritime autonomy solutions.