Ocean Power Technologies

OPTT

Market cap $68M

Ocean Power Technologies Inc (NYSE-A:OPTT) has reported successful power generation from its MERROWS-equipped PowerBuoy system deployed off the coast of San Diego in support of US Coast Guard maritime domain awareness operations. The system has generated close to 0.5MWh of energy to date and has maintained operational performance in an active maritime environment.

MONROE TOWNSHIP, N.J., June 08, 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 successful field performance and power generation from its recently deployed MERROWS™-equipped PowerBuoy® system supporting maritime domain awareness operations for the U.S. Coast Guard off the coast of San Diego.

Ocean Power Technologies Inc (NYSE-A:OPTT) has entered into securities purchase agreements with institutional investors for a registered direct offering of 25 million shares of common stock at $0.40 per share, the marine energy company said on Friday. The offering, priced at a premium to the previous day's closing price, includes common warrants to purchase up to 25 million additional shares.

MONROE TOWNSHIP, N.J., June 05, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), today announced that it has entered into securities purchase agreements with certain institutional investors for the purchase and sale of 25,000,000 shares of the Company's common stock together with common warrants to purchase up to 25,000,000 shares of common stock in a registered direct offering at a combined purchase price of $0.40 per share of common stock and accompanying common warrant. The offering was priced at a premium to yesterday's closing price. The common warrants will be exercisable on the six month anniversary of the date of issuance at an exercise price of $0.40 per share and will expire 6 years from the initial date of exercise.

Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it is expanding its international defense engagement activities across Europe, highlighting recent initiatives in Poland and Norway focused on maritime security, autonomous systems and maritime domain awareness. The company, which provides marine power, data and service solutions, said it recently met with representatives from the Polish Naval Academy and stakeholders in Poland's defense sector to discuss maritime security needs and the potential role of autonomous, renewable-powered maritime systems in supporting regional defense and infrastructure protection efforts.

MONROE TOWNSHIP, N.J., June 01, 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 continued expansion of its international defense engagement activities across Europe, including recent engagements in Poland and Norway focused on maritime security, autonomous systems, and persistent maritime domain awareness.

Ocean Power Technologies Inc (NYSE-A:OPTT) has expanded its global footprint, scaling US PowerBuoy deployments to five systems and adding autonomous surface vehicles overseas. In the US, three of the new PowerBuoy systems are supporting Department of Homeland Security activities, with a fourth backing US Navy research and a fifth deployed with a US-based research institution.

MONROE TOWNSHIP, N.J., May 18, 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 an expansion in its global deployment footprint across U.S. government, international, and research customers.

Ocean Power Technologies Inc (NYSE-A:OPTT) earlier this week announced the deployment of three PowerBuoy systems for a Department of Homeland Security surveillance network off the coast of San Diego, marking the largest multi-buoy deployment completed by the company to date. CEO Philipp Stratmann told Proactive the deployment represents a significant operational milestone as the systems are functioning together in a live environment while streaming real-time data.

Ocean Power Technologies Inc (NYSE-A:OPTT) said on Tuesday it has deployed three PowerBuoy systems simultaneously to support US Department of Homeland Security maritime surveillance operations off the coast of California, with all units transmitting real-time data from offshore locations. The systems are operating as a distributed offshore network, providing persistent data collection and continuous communications for maritime domain awareness missions.