Ocean Power Tech Stock Price, News & Analysis

Ocean Power Technologies (NYSE American: OPTT) has signed a strategic reseller agreement with a Latin American partner to expand its presence in the Mexican offshore and maritime markets. The agreement includes a $3 million purchase commitment for OPT's WAM-V® Unmanned Surface Vehicles.

The partnership enables the Latin American reseller to provide business development, sales, and technical support services in Mexico. This agreement is part of OPT's broader strategy to expand its global reseller network and deploy intelligent maritime solutions across security, energy, and commercial markets.

Ocean Power Technologies (NYSE American: OPTT), a provider of low-carbon marine power solutions, will release its fiscal 2025 fourth quarter and full-year financial results on July 24, 2025 after market close.

The company will host a conference call on July 25, 2025, at 9:00 AM EST, led by CEO Philipp Stratmann and CFO Bob Powers. Investors can access the call via phone (877-407-8291 or 201-689-8345) or webcast. A replay will be available through both channels using Conference ID 13754036.

Management is also offering individual meetings with portfolio managers and analysts to strengthen institutional investor relations.

Ocean Power Technologies (NYSE American: OPTT), a provider of low-carbon marine power and data solutions, has achieved ISO 9001 certification for its quality management system. This certification validates OPT's commitment to delivering products and services that consistently meet customer and regulatory requirements.

The certification applies to OPT's entire product portfolio, including the PowerBuoy®, WAM-V® Unmanned Surface Vehicles, and Merrows™ Maritime Domain Awareness Solution. CEO Philipp Stratmann emphasized this achievement's significance in positioning OPT as a reliable provider of maritime intelligence solutions, particularly for customers in the defense, energy, and research sectors.

Ocean Power Technologies (NYSE American: OPTT) has successfully installed a PowerBuoy® system with AI-capable Merrows™ technology for the Naval Postgraduate School in Monterey Bay. The system integrates AT&T® 5G technology and advanced subsea sensors for Maritime Domain Awareness (MDA).

The deployment represents a significant milestone in OPT's strategic plan, enabling continuous, autonomous monitoring and data collection in a strategically important maritime region. The PowerBuoy® can support additional environmental sensors and serve as a 5G communications node along the U.S. coastline, demonstrating the company's capability to deliver advanced, persistent offshore infrastructure for defense, security, and research missions.

Ocean Power Technologies (NYSE American: OPTT) has received a USPTO Notice of Allowance for its patent application "System and Method for Vehicle Charging." The patent covers an innovative autonomous floating marine charging solution that enables electric vessels to locate, dock with, and recharge from floating energy platforms at sea.

The technology integrates with OPT's PowerBuoy® platform, creating a power generation and recharging hub for WAM-V® autonomous surface vehicles. Key features include signal-emitting guidance systems, flexible mooring structures, wired/wireless energy delivery, and wave-powered self-sustaining energy generation. This advancement aims to enable extended maritime operations without shore returns.

Ocean Power Technologies (NYSE: OPTT) has appointed Jason Weed as Senior Vice President of Commercial Sales. Weed brings over 15 years of executive leadership experience, including his recent role at Leidos' Maritime Systems Division and a 34-year Navy career where he served as Commodore of the Navy's first Uncrewed Undersea Vehicle Squadron. His background includes significant achievements in AI/ML technologies and maritime operations. Weed succeeds Matt Burdyny and receives an inducement award of 650,000 restricted share units, with 500,000 units vesting equally over two years and 150,000 units subject to performance conditions. The appointment aligns with OPT's strategy to expand its presence in the defense and security markets.

Ocean Power Technologies (NYSE: OPTT) has achieved certification as one of the first operators under the AUVSI Trusted UMS Operator Program. This new certification program, launched by the Association for Uncrewed Vehicle Systems International (AUVSI), establishes standards for training, proficiency, and safety in uncrewed maritime systems operations.

The certification validates OPT's expertise in autonomous maritime operations and reinforces its position as a trusted provider of uncrewed systems. According to CEO Philipp Stratmann, this recognition demonstrates the company's commitment to safety, operational excellence, and workforce training in maritime environments. The Trusted Operator designation helps customers identify operators meeting high performance and accountability standards, complementing OPT's focus on quality across its buoy and autonomous surface vehicle solutions.

Ocean Power Technologies (NYSE: OPTT) has successfully completed its first WAM-V® 22 sea trials at its newly permitted test site in Southern New Jersey. The trials were conducted for a customer with significant operations in Sub Saharan Africa, following site visits and operational reviews by the US Coast Guard. The company's CEO, Philipp Stratmann, highlighted that this achievement enables OPT to conduct year-round testing on both East and West coasts, streamlining product delivery to customers and reducing time from booking to revenue recognition.

Ocean Power Technologies (NYSE: OPTT), a provider of low-carbon marine power solutions, has announced a fireside chat scheduled for Tuesday, May 6, 2025, at 11 a.m. ET. During the event, CEO Dr. Philipp Stratmann will discuss the company's recent performance, progress, and future prospects. The presentation will not include a Q&A session. A replay will be available in the Investors section of OPT's website under "Events and Presentations" at investors.oceanpowertechnologies.com.