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 develops intelligent maritime power, data and autonomy solutions for defense and security, offshore energy, science and research, and offshore wind customers. Its recurring news centers on PowerBuoy® offshore power and communications systems, WAM-V® autonomous surface vessels, Merrows™ maritime domain awareness integration, marine robotics services, and low-carbon infrastructure for remote ocean operations.
Company updates commonly cover customer orders, government and commercial deployments, autonomous docking and charging capabilities, maritime domain awareness programs, international shipments, quarterly results, backlog and sales pipeline commentary, and participation in investor events. OPTT news also reflects work on persistent offshore monitoring, communications relay, autonomous navigation, and support for maritime security and infrastructure protection missions.
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.
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.