Ocean Power Technologies wins Nordic order for unmanned surface vehicle
Ocean Power Technologies Inc (NYSE-A:OPTT) said on Friday it has secured a contract to supply a fully integrated WAM-V unmanned surface vehicle to an underwater research customer in the Nordic region. The New Jersey-based company said the system will be assembled and shipped immediately, marking a further step in its expansion into Nordic markets, where it has been working with government and commercial end users.
Ocean Power Technologies: Record backlog drives revenue – ICYMI
Ocean Power Technologies Inc (NYSE-A:OPTT) earlier this week reported third-quarter results highlighting a record backlog, which the company said underpins near-term revenue growth and validates market demand for its solutions. Chief executive Philipp Stratmann told Proactive that the backlog consists of contracted purchase orders already secured, which are expected to convert into revenue as performance obligations are met.
Ocean Power Technologies, Inc. (OPTT) Q3 2026 Earnings Call Transcript
Ocean Power Technologies, Inc. (OPTT) Q3 2026 Earnings Call Transcript
Ocean Power Technologies sees backlog surge in fiscal Q3
Ocean Power Technologies Inc (NYSE-A:OPTT) reported strong backlog growth and strategic contract wins in its fiscal third quarter, highlighting momentum in its offshore autonomous systems business. The New Jersey-based renewable energy and maritime technology company said its backlog reached $19.9 million as of January 31, up 165% from the prior year, while its pipeline expanded to $163.9 million, an 84% increase year-over-year.
Ocean Power Technologies sees expanding defense demand as backlog and pipeline grow
Ocean Power Technologies Inc (NYSE-A:OPTT) on Wednesday outlined a growing pipeline of defense and maritime opportunities as it reported preliminary results for the third quarter ended January 31, pointing to rising backlog and new US government work that could support future deployments. The company said backlog rose to about $19.9 million as of January 31, up 165% from a year earlier, while its project pipeline expanded to roughly $163.9 million, an 84% increase from the $89.2 million reported at the end of October.
Ocean Power Technologies flags rising demand for autonomous maritime systems amid Middle East tensions
Ocean Power Technologies Inc (NYSE-A:OPTT) has highlighted the growing strategic importance of its autonomous maritime systems as heightened instability in the Middle East sharpens focus on global shipping corridors and offshore energy infrastructure. The US-listed company said persistent maritime domain awareness and offshore infrastructure protection are becoming increasingly critical as geopolitical tensions place key trade routes and energy assets under strain.
Ocean Power Technologies CEO discusses US Coast Guard deal - ICYMI
Ocean Power Technologies Inc (NYSE-A:OPTT) CEO Philipp Stratmann talked with Proactive about the company's latest contract award with the US Coast Guard, international expansion into Greece, and new advancements in offshore docking and charging solutions for unmanned surface vehicles (USVs). Proactive: Alright welcome back inside our Proactive newsroom, and joining me now is Philipp Stratmann, he is the CEO of Ocean Power Technologies Inc.
Ocean Power Technologies receives $1.5M US Coast Guard purchase order
Ocean Power Technologies Inc (NYSE-A:OPTT) announced it has received an approximately $1.5 million purchase order from the United States Coast Guard (USCG) for the installation and deployment of buoy systems that were previously ordered. According to the company, the award completes the acquisition cycle and supports the near-term fielding of the systems for Department of Homeland Security (DHS) maritime security missions.
Ocean Power Technologies reports progress on offshore autonomy initiatives
Ocean Power Technologies Inc (NYSE-A:OPTT) has provided an operational update outlining recent deployments and development milestones related to its offshore autonomy infrastructure roadmap. The company said it has shipped a WAM-V autonomous surface vehicle to Greece to support ongoing customer operations and field activity in the region.
Ocean Power Technologies secures $5M US Coast Guard deal - ICYMI
Ocean Power Technologies Inc (NYSE-A:OPTT) CEO Philipp Stratmann talked with Proactive about the company's newly announced contract valued at over $5 million with the US Coast Guard. Stratmann explained how this milestone demonstrates a practical deployment of Ocean Power Technologies' core mission — delivering long-term, autonomous maritime surveillance solutions.
Ocean Power Technologies, Inc. (OPTT) Q2 2026 Earnings Call Transcript
Ocean Power Technologies, Inc. (OPTT) Q2 2026 Earnings Call Transcript
Ocean Power Technologies expands pipeline, advances strategic initiatives in Q2
Ocean Power Technologies Inc (NYSE-A:OPTT) reported a sharp increase in backlog and continued expansion of its commercial and operational footprint during the fiscal second quarter ended October 31. Backlog at quarter-end rose to approximately $15 million, up from $3.8 million a year earlier, while the company's pipeline increased to $137.5 million as of the quarter-end, compared to $84.4 million at the same point in 2024.
