Ocean Power Technologies demonstrates autonomous offshore docking and charging system
Ocean Power Technologies Inc (NYSE-A:OPTT) has announced progress in its offshore charging and autonomous maritime operations, including a successful demonstration of autonomous docking and charging capabilities for its WAM-V autonomous surface vehicle. The Monroe Township, New Jersey-based company said the system enables the WAM-V to approach a dock, secure itself, recharge, and redeploy without human intervention, addressing a key operational challenge for long-duration offshore autonomous missions.
Ocean Power Technologies secures US Homeland Security contract – ICYMI
Ocean Power Technologies Inc (NYSE-A:OPTT) earlier this week outlined rapid progress in deploying its power and monitoring systems, as CEO Philipp Stratmann highlighted accelerating demand for ocean security solutions in an interview with Proactive. Stratmann said the company had moved from contract award to deployment with the US Homeland Security Department, delivering its first operational system in less than four months.
Ocean Power Technologies deploys first PowerBuoy system for US Homeland Security operations
Ocean Power Technologies Inc (NYSE-A:OPTT) has announced the deployment of its first PowerBuoy system under a contract with the US Department of Homeland Security, marking an operational milestone for the company's offshore monitoring technology. The system has been installed off the coast of California and is intended to support maritime domain awareness efforts for the United States Coast Guard.
Ocean Power Technologies ships first PowerBuoy to US Department of Homeland Security - ICYMI
Ocean Power Technologies Inc (NYSE-A:OPTT) CEO Philipp Stratmann talked with Proactive about the company's first shipment under its $6.5 million contract with the US Department of Homeland Security, marking a major operational milestone. Proactive: Welcome back inside our Proactive newsroom.
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.
