Ocean Power Technologies (NYSE: OPTT) awarded multi-buoy DHS project

Rhea-AI Filing Summary

Ocean Power Technologies disclosed that it issued a press release on January 6, 2026 announcing a new multi-buoy contract for a project supporting the U.S. Department of Homeland Security. The contract involves deploying multiple buoys, aligning with the company’s focus on ocean-based power and monitoring solutions.

The announcement highlights continued traction with U.S. government agencies, as the project is described as supporting Homeland Security activities. While the report does not provide financial terms or duration, it signals ongoing commercial engagement in governmental maritime security projects.

Insights

Renewable energy & government contracts analyst

OPTT reports a new multi-buoy Homeland Security contract, but without disclosed size.

Ocean Power Technologies reported that it has been awarded a multi-buoy contract for a project supporting the U.S. Department of Homeland Security. This reinforces the company’s positioning in ocean-based solutions for government and security applications, an area where recurring program work can be important for credibility.

Because the disclosure does not include contract value, timeline, or scope beyond “multi-buoy,” it is hard to assess the financial impact. The significance will depend on whether this is a pilot-scale deployment or part of a larger operational program. Future company communications may clarify the contract’s revenue contribution and follow-on potential.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

Current Report Pursuant to Section 13 or 15(d) of

the Securities Act of 1934

Date of Report (Date of earliest event reported): January 6, 2026

Ocean Power Technologies, Inc.

(Exact name of registrant as specified in its charter)

Delaware		001-33417		22-2535818
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

28 Engelhard Drive, Suite B Monroe Township, New Jersey		08831
(Address of principal executive offices)		(Zip Code)

(609) 730-0400

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

	☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
	☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
	☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
	☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol (s)		Name of each exchange on which registered
Common Stock, $0.001 Par Value		OPTT		NYSE American
Series A Preferred Stock Purchase Rights		N/A		NYSE American

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

On January 6, 2026, Ocean Power Technologies, Inc. (the “Company”) issued a press release announcing the award of a multi-buoy contract for a project supporting the U.S. Department of Homeland Security. A copy of the press release is attached hereto as Exhibit 99.1 and is hereby incorporated by reference.

Item 9.01 Financial Statements and Exhibits.

Exhibits

99.1	Press release dated January 6, 2026.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	Ocean Power Technologies, Inc.
Dated: January 6, 2026	/s/ Philipp Stratmann
	Philipp Stratmann
	President and Chief Executive Officer

FAQ

What did Ocean Power Technologies (OPTT) report in its latest disclosure?

Ocean Power Technologies reported that it issued a press release on January 6, 2026 announcing the award of a multi-buoy contract for a project supporting the U.S. Department of Homeland Security.

Who is the customer for Ocean Power Technologies' new multi-buoy project?

The new multi-buoy project reported by Ocean Power Technologies is described as supporting the U.S. Department of Homeland Security, indicating a U.S. government–related customer.

Does the Ocean Power Technologies announcement specify the value of the DHS buoy contract?

No specific contract value or financial terms are disclosed in the report; it only states that a multi-buoy contract was awarded for a Homeland Security support project.

When did Ocean Power Technologies announce the multi-buoy DHS contract?

The company stated that it issued the press release announcing the contract on January 6, 2026, and attached the release as Exhibit 99.1.

Where can investors find more details on Ocean Power Technologies' DHS contract?

Additional details are contained in the company’s press release dated January 6, 2026, which is referenced as Exhibit 99.1 and incorporated by reference.

What exchange does Ocean Power Technologies' common stock trade on and under what symbol?

Ocean Power Technologies’ common stock trades on the NYSE American under the trading symbol OPTT.