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.
Ocean Power Technologies partners with Mythos AI to advance autonomous maritime systems
Ocean Power Technologies Inc (NYSE-A:OPTT) has announced a partnership with Mythos AI to integrate advanced artificial intelligence autonomy software across its fleet of WAM-V Autonomous Surface Vehicles (ASVs) and PowerBuoy platforms. The collaboration aims to enhance the company's operational performance and broaden the range of integrated solutions it offers across defense, security, and commercial markets.
Ocean Power Technologies certified as AUVSI trusted maritime operator training provider
Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has been certified by the Association for Uncrewed Vehicle Systems International (AUVSI) as a Trusted Uncrewed Maritime Systems (UMS) Operator Training Provider. The certification designates OPT as one of a select group of organizations authorized to deliver AUVSI-aligned operator training under the first industry-led framework for uncrewed maritime systems.
Ocean Power Technologies ships WAM-Vs to UAE, further expands fleet in region
Ocean Power Technologies Inc (NYSE-A:OPTT) (OPT) announced it is shipping two WAM-V Unmanned Surface Vehicles (USV) to Remah International Group, a privately held company headquartered in the United Arab Emirates (UAE) with a focus on military services. OPT said it is planning to expand its presence in the region with the establishment of a sales and operations office and related strategic hires.
Ocean Power Technologies grows Middle East footprint with Unique Group - ICYMI
Ocean Power Technologies Inc (NYSE-A:OPTT) CEO Philipp Stratmann talked with Proactive about the company's decision to extend its agreement with the Unique Group in the United Arab Emirates, underlining strong growth in both the defense and commercial sectors across the region. Stratmann highlighted that demand for autonomous maritime systems, such as unmanned surface vehicles (USVs) and monitoring buoys, is continuing to rise, particularly in the Middle East.
Ocean Power Technologies expands UAE partnership with Unique Group through new services agreement
Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has signed a Master Services Agreement (MSA) with Unique Group, expanding its existing partnership in the United Arab Emirates (UAE). The agreement formalizes the companies' collaboration first announced in July 2024, and designates Unique Group as OPT's execution partner for all non-defense WAM-V unmanned surface vehicle (USV) projects in the UAE.
Ocean Power Technologies upgrades Merrows Maritime Domain Awareness Solution
Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has introduced an upgraded version of its Merrows Maritime Domain Awareness Solution (MDAS), enhancing the system's role as an intelligence, surveillance, and reconnaissance (ISR) node. The company said the update improves the system's performance, stability, and security, while enabling autonomous collaboration across surface, subsurface, and aerial platforms.
