Ocean Power Tech (OPTT) Stock News

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.

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.