Welcome to our dedicated page for Ocean Power Tech news (Ticker: OPTT), a resource for investors and traders seeking the latest updates and insights on Ocean Power Tech stock.
Ocean Power Technologies, Inc. (OPTT) generates news around intelligent maritime systems, low-carbon marine power, and autonomous ocean operations. As a NYSE American-listed company focused on defense and security, offshore energy, and research markets, its announcements often highlight new contracts, technology deployments, and strategic partnerships that shape its role in maritime domain awareness and uncrewed systems.
Recent news has included a multi-buoy contract greater than $5 million to deploy MERROWS®-equipped PowerBuoy® systems in support of a U.S. Coast Guard mission under the U.S. Department of Homeland Security, providing persistent maritime domain awareness off the coast of San Diego, California. Other releases describe shipments of WAM-V® unmanned surface vehicles to partners in the United Arab Emirates, expansion of regional operations, and a Master Services Agreement with Unique Group for non-defense WAM-V® projects in the UAE.
Investors and industry followers can also find updates on partnerships such as the collaboration with Mythos AI to integrate AI-driven autonomy across WAM-V® ASVs and PowerBuoy® platforms, and the agreement with Gradient Marine to add digital twin and simulation capabilities via the Virtual Maritime Picture software. Financial news appears through quarterly earnings releases, backlog and pipeline disclosures, and conference call announcements, while corporate developments include certifications like AUVSI Trusted Uncrewed Maritime Systems Operator Training Provider status and participation in investor conferences.
This news page for OPTT aggregates these types of updates in one place, covering contracts, deployments, partnerships, financial results, certifications, and investor events. It offers a single view into how Ocean Power Technologies is applying its PowerBuoy®, WAM-V®, Merrows™, and related technologies across defense, offshore energy, and commercial maritime applications over time.
Ocean Power Technologies (NYSE:OPTT) won a multi-buoy contract greater than $5 million to deliver and operate four MERROWS®-equipped PowerBuoy® systems for a U.S. Department of Homeland Security mission supporting the U.S. Coast Guard near San Diego, CA.
The buoys will be delivered near term, integrate into DHS C5I, and feed buoy and Anduril tower sensors into Anduril’s Lattice command-and-control for unified maritime domain awareness, enhanced detection, and real-time decision support.
Ocean Power Technologies (NYSE:OPTT) reported fiscal 2Q26 results for the quarter ended October 31, 2025. Key operational highlights include backlog of $15.0 million (up $11.2M, ~300% YoY), a $137.5 million pipeline (up $53.1M, +63% YoY), and shipment of eight WAM-V autonomous surface vehicles during the quarter. OPT announced strategic partnerships with Mythos AI (AI autonomy) and Gradient Marine (digital-twin/simulation) and gained AUVSI Trusted Operator certification, with initial integrated demos planned in Q1 2026.
Financials: 2Q26 revenue was $0.4M (YTD $1.6M) versus $2.4M prior-year quarter, gross loss $1.4M, operating expenses $8.7M (driven by $2.5M higher stock-based comp), net loss $10.8M, and combined cash and short-term investments of $11.7M as of October 31, 2025.
Ocean Power Technologies (NYSE American: OPTT) will participate in the 3rd Annual DealFlow Discovery Conference on January 28-29, 2026 at The Borgata Hotel, Casino & Spa in Atlantic City, NJ. Bob Powers, CFO, will deliver a company presentation and be available for one-on-one investor meetings. Investors can request an investor pass at no cost to attend and schedule meetings with management. The company directs interested parties to its investor site for more information.
Ocean Power Technologies (NYSE American: OPTT) announced it will release early fiscal 2026 second quarter earnings for the period ended October 31, 2025 prior to market open on Monday, December 15, 2025. A conference call and webcast to discuss results is scheduled for December 15, 2025 at 9:00 AM EST, hosted by CEO Philipp Stratmann and CFO Bob Powers.
Dial-in numbers: 877-407-8291 or 201-689-8345. Webcast and archived replay will be available on OPT investor relations; telephone replay available ~two hours after the call (U.S.: 877-660-6853, Intl: 201-612-7415, Conference ID 13757421). Institutional investors can request individual meetings via InvestorRelations@oceanpowertech.com or 609-730-0400 x401.
Ocean Power Technologies (NYSE: OPTT) announced a partnership with Mythos AI to integrate advanced AI autonomy software across OPTT’s WAM-V autonomous surface vehicles and PowerBuoy platforms. The collaboration aims to deliver a complete autonomy ecosystem combining hardware, power, and AI software to improve endurance, situational awareness, obstacle avoidance, multi-vehicle coordination, and vehicle-buoy collaboration.
Initial integrated demonstrations are scheduled for Q1 2026. The partnership targets defense, security, and commercial customers and seeks to expand OPTT’s addressable market in autonomous maritime systems.
Ocean Power Technologies (NYSE American: OPTT) announced it was certified on Nov 4, 2025 by AUVSI as a Trusted Uncrewed Maritime Systems (UMS) Operator Training Provider. The company will deliver AUVSI-aligned operator training and certification using its WAM-V® platform for government, defense, commercial, and academic customers.
Training is described as revenue-generating and will be offered at OPT’s Pacific and Atlantic Ocean locations and at customer sites, expanding workforce readiness and support for uncrewed maritime operations.
Ocean Power Technologies (NYSE American: OPTT) reported its Q1 fiscal 2026 results, highlighting significant growth in backlog and pipeline. The company's backlog surged 184% to $15.0 million, while the pipeline increased 45% to $133.5 million. Q1 revenues were $1.2 million, down 9% year-over-year.
Key developments include an expanded partnership with UAE-based Unique Group, major upgrades to their AI-enabled Merrows™ Maritime Domain Awareness Solution, and a new office in Washington, D.C. The company reported a net loss of $7.4 million, primarily due to increased non-cash stock compensation expenses. Cash position stood at $10.0 million as of July 31, 2025.
Ocean Power Technologies (NYSE American: OPTT) has announced a strategic partnership with Gradient Marine to enhance its digital capabilities. The collaboration will integrate Gradient Marine's Virtual Maritime Picture (VMP) software to develop digital twins for OPT's flagship platforms, including the PowerBuoy® and WAM-V® autonomous surface vehicles.
The partnership aims to enable simulation-before-deployment capabilities, allowing customers to conduct real-world simulation, mission rehearsal, and lifecycle testing in virtual environments. This integration is expected to accelerate development cycles and reduce operational risk across defense, offshore, and commercial sectors.
The collaboration will expand OPT's digital engineering processes and provide access to Gradient Marine's Department of Defense customer network, targeting opportunities in defense, offshore wind, aquaculture, subsea infrastructure, and environmental monitoring.
Ocean Power Technologies (NYSE American: OPTT), a provider of low-carbon marine power solutions, has scheduled its fiscal 2026 first quarter earnings release for September 15, 2025, after market close. The earnings report will cover the period ended July 31, 2025.
The company is actively working to strengthen its relationships with institutional investors by offering individual meetings with management for portfolio managers and analysts. Interested parties can schedule meetings through the company's Investor Relations department.
Ocean Power Technologies (NYSE American: OPTT) announced the shipment of two WAM-V® Unmanned Surface Vehicles (USVs) to Remah International Group (RIG), a UAE-based military services company. The shipment strengthens OPT's presence in the Middle East region.
As OPT's defense partner in the UAE, RIG will utilize these vehicles to demonstrate their expeditionary capabilities and autonomous ocean operations potential. Following recent successes in the region, OPT plans to establish a sales and operations office in the UAE and make strategic hires to support its expansion.