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 American: OPTT) has expanded its partnership with UAE-based Unique Group through a Master Services Agreement (MSA). The agreement positions Unique Group as OPT's execution partner for non-defense WAM-V® USV projects in the UAE.
Key aspects of the partnership include:
- Immediate lease of one OPT WAM-V 22 unmanned surface vehicle by Unique Group
- Revenue sharing and purchase options
- Joint expansion of regional fleet capacity
- Establishment of a dedicated Maintenance, Repair, and Overhaul (MRO) hub in the UAE
This strategic collaboration aims to accelerate WAM-V deployments and scale recurring lease income in the UAE market while reducing operational risks, carbon emissions, and costs.
Ocean Power Technologies (NYSE American: OPTT) has announced significant enhancements to its Merrows™ Maritime Domain Awareness Solution (MDAS). The upgraded AI-capable system now offers improved performance, stability, and security for maritime operations.
Key improvements include multi-user monitoring capabilities, enhanced third-party feed integration (including global AIS and weather data), and expanded functionality as an ISR node for surface, subsurface, and aerial platform collaboration. The system can be deployed standalone or integrated with OPT's PowerBuoy® platforms and WAM-V® Unmanned Surface Vehicles for autonomous monitoring networks.
Ocean Power Technologies (NYSE American: OPTT) has announced the opening of a new office at the Association for Uncrewed Vehicle Systems International (AUVSI) headquarters in Washington, D.C. This strategic expansion strengthens OPT's relationship with AUVSI, the world's largest nonprofit organization focused on uncrewed systems and robotics.
The new location will enhance OPT's collaboration on key initiatives, including the AUVSI Trusted Operator Program, while supporting the company's growth strategy in unmanned maritime systems. The move positions OPT closer to government stakeholders and policy makers, advancing its development of WAM-V® Unmanned Surface Vehicles, AI-capable Merrows™ Maritime Domain Awareness System, and PowerBuoy® platforms.
Ocean Power Technologies (NYSE American: OPTT) participated in a joint hearing of New Jersey Assembly and Senate environmental committees to discuss the future of marine energy. CEO Philipp Stratmann highlighted the company's PowerBuoy® systems and WAM-V® autonomous surface vehicles that provide clean energy and maritime monitoring solutions.
The company recently achieved a significant milestone with the installation of an AI-capable Merrows™ PowerBuoy® for the Naval Postgraduate School in Monterey Bay, featuring AT&T® 5G technology integration for defense and environmental applications. Stratmann advocated for New Jersey to become the nation's marine energy hub through policy measures including clear test sites, streamlined permitting, and state advocacy in federal arenas.
Ocean Power Technologies (NYSE American: OPTT) reported its Q4 and full-year fiscal 2025 results, marking significant growth in key metrics. The company achieved a record backlog of $12.5 million, up 158% year-over-year, and a pipeline of $137.5 million, representing an 88% increase from the previous year.
Financial highlights include revenue growth of 6% to $5.9 million for FY25 and a 28% reduction in operating expenses to $23.3 million. The company secured multiple strategic partnerships, including agreements with Remah International Group, Unique Group, and Red Cat Holdings, while expanding its global presence through platform deployments and reseller agreements.
Notable achievements include obtaining a Department of Defense Facility Security Clearance and ISO 9001 certification. The company ended FY25 with $6.9 million in cash and equivalents, compared to $3.3 million at the start of the fiscal year.
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.