Ocean Power Technologies' compact PowerBuoy Mini selected for US Government operational exercise
Ocean Power Technologies Inc (NYSE-A:OPTT, FRA:RUO), the maritime autonomous systems company, has secured selection of its PowerBuoy 2.0 Solar and Wind Mini for participation in an upcoming US Government operational exercise, marking a potential expansion of the platform's role in government missions. The company said the compact buoy system will be assessed in a representative, mission-relevant environment, giving government evaluators the opportunity to test its applicability to additional mission requirements and operating concepts.
Ocean Power Technologies wins Naval Postgraduate School order for WAM-V 8 drone
Ocean Power Technologies Inc (NYSE-A:OPTT, FRA:RUO) has received an order from the Naval Postgraduate School (NPS) for a WAM-V 8 maritime drone, the company said on Thursday. Researchers at the NPS Consortium for Robotics and Unmanned Systems Education & Research plan to use the vessel for littoral sensing and autonomous-systems research, including work with atmospheric and electro-optical instruments.
Ocean Power Technologies completes offshore deployment test of amphibious underwater vehicle
Ocean Power Technologies Inc (NYSE-A:OPTT, FRA:RUO) said it has completed a proof of concept for Greensea IQ in which an unmanned surface vessel carried an amphibious underwater ground vehicle offshore and released it for independent transit to the beach. The company modified its WAM-V 16 unmanned surface vessel to transport and deploy the 300-pound Bayonet 150 Autonomous Underwater Ground Vehicle, which Greensea IQ requested for the test.
Ocean Power Technologies demonstrates WAM-V 8 platform in surf-zone trial
Ocean Power Technologies Inc (NYSE-A:OPTT) said it put its WAM-V 8 platform through a formally evaluated demonstration in challenging surf-zone conditions, testing the autonomous vehicle at the US Army Corps of Engineers' Engineer Research and Development Center Field Research Facility in Duck, North Carolina. The demonstration generated data and operational insights to inform continued development of the company's 16- and 22-foot WAM-V platforms for near-shore environments, the company said.
Ocean Power Technologies, Inc. (OPTT) Reports Q1 Loss, Beats Revenue Estimates
Ocean Power Technologies, Inc. (OPTT) came out with a quarterly loss of $1.88 per share versus the Zacks Consensus Estimate of $0.03. This compares to a loss of $0.04 per share a year ago.
Ocean Power Technologies advances US Army trials – ICYMI
Ocean Power Technologies Inc (NYSE-A:OPTT) earlier this week highlighted its expanding operational work with the U.S. Army and NATO as CEO Philipp Stratmann outlined how real-world deployments could support the company's efforts to build backlog and generate additional revenue.
Ocean Power Technologies to execute 1-for-30 reverse stock split
Ocean Power Technologies Inc (NYSE-A:OPTT) will carry out a 1-for-30 reverse stock split, with shares trading on a split-adjusted basis starting September 14, 2026. The company said the split is meant to raise its per-share price and improve marketability and liquidity.
Ocean Power Technologies to demonstrate WAM-V platform in US Army coastal testing
Ocean Power Technologies Inc (NYSE-A:OPTT) is participating in a week-long uncrewed surface vehicle demonstration hosted by the US Army Engineer Research and Development Center's Coastal and Hydraulics Laboratory in Duck, North Carolina. The demonstration at ERDC's Field Research Facility is evaluating uncrewed surface vehicle technologies capable of operating through surf zones, breaking waves, currents and coastal inlets.
Ocean Power Technologies, Inc. (OPTT) Discusses Autonomous Maritime Technologies and Strategy for Ocean Operations Transcript
Ocean Power Technologies, Inc. (OPTT) Discusses Autonomous Maritime Technologies and Strategy for Ocean Operations Transcript
Ocean Power Technologies launches strategic alternatives review
Ocean Power Technologies Inc (NYSE-A:OPTT) announced that its Board of Directors has initiated a review of strategic alternatives with the goal of maximizing value for its stockholders. The company has retained Bowen, an investment banking advisory firm, as its financial advisor in connection with the review.
Ocean Power Technologies tapped for $40M US Navy autonomous ocean mapping program
Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has been selected as one of six potential awardees under a $40 million multiple-award contract supporting the Naval Oceanographic Office (NAVOCEANO). The firm-fixed-price, indefinite-delivery/indefinite-quantity contract will support high-resolution ocean-floor mapping using long-endurance unmanned surface vehicles.
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