Ocean Power Technologies (OPTT) Company Overview

Ocean Power Technologies Inc (NYSE-A:OPTT) it had secured an initial $2 million in purchase orders from Latin America for its Next Generation PowerBuoys. The PowerBuoys, which generate energy through a combination of wave, solar, and wind power, are designed for long-term deployment in coastal and deep ocean environments.

Ocean Power Technologies secures $2M in Latin American orders for PowerBuoys®, expanding its global presence and advancing marine intelligence solutions.

Ocean Power Technologies Inc (NYSE-A:OPTT) has announced the appointment of three new advisory board members that support its focus on advancing US government projects. It has appointed Natalie Lorenz-Anderson, Rear Admiral Joseph A "Digger" DiGuardo, and Rear Admiral Victorino "Vic" Mercado to its advisory board.

Ocean Power Technologies Inc (NYSE-A:OPTT), a leader in ocean intelligence solutions, is making significant strides in its mission to deliver innovative surveillance, monitoring, and data solutions for maritime environments. At a recent fireside chat with Water Tower Research, CEO Philipp Stratmann shared insights into the company's progress, emphasizing its operational evolution, cost efficiency, and expanding global footprint.

Ocean Power Technologies Inc (NYSE-A:OPTT) this week announced the deployment of their next-generation PowerBuoy system for the Naval Postgraduate School.   CEO Philipp Stratmann joined Proactive to discuss the milestone.

Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has completed the final assembly of its AI-capable Merrows PowerBuoy for the Naval Postgraduate School (NPS). The provider of intelligent maritime solutions said the advanced system, which integrates AT&T 5G technology and subsea sensors, is designed for seamless integration with Maritime Domain Awareness platforms.

MONROE TOWNSHIP, N.J., Dec. 18, 2024 (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 Thursday, December 19, 2024, at 11:00 a.m. ET.

Ocean Power Technologies Inc (NYSE-A:OPTT) has reported its financial results for the fiscal second quarter of 2025 marked by a 2.7x year-over-year increase in revenue to $2.4 million and a 46% reduction in its net loss to $3.9 million. The company reduced its operating expenses by 41% from the year-ago quarter.

Confirms pathway to profitability in late 2025 based on record quarterly revenues and materially reduced expenses Confirms pathway to profitability in late 2025 based on record quarterly revenues and materially reduced expenses