Ocean Power Technologies Inc (NYSE-A:OPTT) has announced the successful installation of its contracted PowerBuoy system for the Naval Postgraduate School (NPS). The system is now deployed in Monterey Bay and features OPT's latest PowerBuoy technology integrated with its proprietary Merrows suite.
Ocean Power Technologies Inc (NYSE-A:OPTT) CEO Philipp Stratmann talked with Proactive about the company's newly awarded patent for integrated offshore charging systems. Stratmann explained how the technology will allow autonomous surface and underwater vehicles to recharge and transfer data at sea, significantly improving mission endurance and operational flexibility.
Ocean Power Technologies Inc (NYSE-A:OPTT) announced that the United States Patent and Trademark Office has issued a Notice of Allowance for the company's US patent application covering a system designed for autonomous, floating marine vehicle charging, titled “System and Method for Vehicle Charging.” The technology enables electric vessels, including uncrewed surface vehicles, to locate, dock with, and recharge from a floating platform while at sea.
Ocean Power Technologies secures patent for offshore electric charging, enabling WAM-V®s to recharge at sea and support persistent autonomous operations.
Ocean Power Technologies Inc (NYSE-A:OPTT) said on Wednesday it has appointed retired US Navy Captain Jason Weed as its new senior vice president of commercial sales. Weed, who brings over 15 years of executive-level experience in maritime and technology organizations, most recently served as a senior business developer at Leidos' Maritime Systems Division.
Discover why Zacks, being the first on Wall Street to initiate the stock coverage, rates OPTT as "Neutral." Explore how its AI-driven maritime tech shows promise, but execution and financial risks linger.
Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has been named one of the initial certified operators under the Association for Uncrewed Vehicle Systems International (AUVSI) Trusted Uncrewed Maritime Systems (UMS) Operator Program. The certification program, developed by AUVSI in partnership with industry stakeholders, sets a standardized benchmark for training, proficiency, and safety in the operation of uncrewed maritime systems.
Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has completed its first sea trials of its WAV-V 22 autonomous surface vehicle for a customer with significant operations in Sub-Saharan Africa. The trials were conducted at Ocean Power Technologies' newly permitted test site in Southern New Jersey, following site visits and operational reviews by the US Coast Guard.
MONROE TOWNSHIP, N.J., May 05, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that as part of the Company's ongoing commitment to connecting with the investor community, it will participate in a fireside chat on Tuesday May 6, 2025, at 11 a.m. ET.
Ocean Power Technologies Inc (NYSE-A:OPTT) said on Monday it has been awarded a contract to supply multiple unmanned surface vehicles to Allied Forces. The agreement, which includes the delivery of WAM-V vehicles, integrated sensors, and operational services under a contractor-owned, contractor-operated model, is scheduled for fulfillment in late spring 2025.
Ocean Power Technologies Inc (NYSE-A:OPTT) has shipped a Merrows-capable PowerBuoy as part of a demonstration aimed at validating the system's survivability and suitability for defense and security applications, including surface and subsea monitoring. The shipment marks a key milestone following the company's teaming agreement signed last year with a major international defense contractor.
MONROE TOWNSHIP, N.J., May 01, 2025 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced it has shipped a Merrows™ capable PowerBuoy® to demonstrate the survivability and suitability of the system for certain defense and security applications, including surface and subsea monitoring.