Ocean Power Technologies, Inc. OPTT

Ocean Power Technologies Acting CEO Tracy Pagliara and Jason Weed – Chief Operating Officer joined Steve Darling from Proactive to provide an update on the company's growing sales opportunities, defense-sector momentum, and expanding portfolio of autonomous maritime technologies. Pagliara revealed that Ocean Power Technologies' qualified sales pipeline has now exceeded $150 million, while its current backlog stands at approximately $20 million. He described the company as being on the verge of a significant growth phase as it works to convert existing opportunities into contracts and revenue.

WAM-V unmanned surface vessels integrated with U.S. command and control and supported training for the U.S. Navy and Marine Corps personnel in autonomous operations during the multinational exercise in PortugalMONROE TOWNSHIP, N.J., Sept. 21, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (“OPT” or the “Company”) (NYSE American: OPTT), a leader in maritime operational infrastructure and autonomous ocean systems, today announced that three classes of its WAM-V® unmanned surface vessels o

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,...

Evaluation of WAM-V® 8 provides data and operational insights to inform larger platform development and sensor integration for demanding nearshore operationsMONROE TOWNSHIP, N.J., Sept. 18, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (“OPT” or the “Company”) (NYSE American: OPTT) a leader in maritime operational infrastructure and autonomous ocean systems, today announced that it conducted a formally evaluated demonstration of its WAM-V® 8 platform in challenging surf-zone conditions

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Ocean Power Technologies Inc (NYSE-A:OPTT) reported first-quarter fiscal 2027 revenue of $1.7 million, up 44% from a year earlier, as the company expanded its work with US defense and security customers and moved forward with a strategic review process. Ocean Power Technologies ran three...

Quarter highlighted by operational execution, expanding defense-market access and continued development of persistent autonomous maritime infrastructureMONROE TOWNSHIP, N.J., Sept. 14, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or the “Company") (NYSE American: OPTT) today announced financial results for its fiscal 2027 first quarter ended July 31, 2026 (Q1 2027). Q1 2027 and Recent HighlightsOperational execution and customer delivery Operated three PowerBuoy® systems concur

Ocean Power Technologies Inc (NYSE-A:OPTT) said Wednesday that Dr. Philipp Stratmann has stepped down as CEO and board member, effective September 14, by mutual agreement. Tracy Pagliara, the company's senior vice president, general counsel and secretary, was named acting CEO, president and a...

MONROE TOWNSHIP, N.J., Sept. 14, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (“OPT” or the “Company”) (NYSE American: OPTT), a leader in maritime operational infrastructure and autonomous ocean systems, today announced leadership changes intended to strengthen execution, commercial conversion and operational accountability as the Company increases its focus on converting commercial opportunities into backlog and revenue. The leadership transition is designed to build on the operation

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. Stratmann told...

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. Every 30 existing...

Shares Expected to Begin Trading on a Split-Adjusted Basis on September 14, 2026MONROE TOWNSHIP, N.J., Sept. 10, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (“OPT” or the “Company”) (NYSE American: OPTT), a leader in maritime operational infrastructure and autonomous ocean systems, today announced a 1-for-30 reverse stock split (“Reverse Split”) of the Company’s common stock (“Common Stock”). The Common Stock will begin trading on a split-adjusted basis on the NYSE American commencin

Ocean Power Technologies CEO Philipp Stratmann joined Steve Darling from Proactive to discuss the company's participation in a week-long U.S. Army demonstration designed to evaluate advanced autonomous maritime technologies operating in some of the most challenging nearshore environments. The demonstration is being conducted by the U.S. Army Engineer Research and Development Center's (ERDC) Coastal and Hydraulics Laboratory at its Field Research Facility in Duck, North Carolina. Following a competitive technical evaluation process, OPT was selected to showcase its WAM-V® autonomous maritime dr

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...

Maritime drones to demonstrate nearshore mapping and transit capabilities in breaking waves and coastal conditionsMONROE TOWNSHIP, N.J., Sept. 09, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (“OPT” or the “Company”) (NYSE American: OPTT), a leader in intelligent maritime solutions and services, today announced that it is participating in a week-long uncrewed surface vehicle demonstration hosted by the U.S. Army Engineer Research and Development Center’s Coastal and Hydraulics Laborat

Michael Burry just renewed his short case against Palantir, and Palantir answered with a major alliance announcement that sent the stock surging. Whether that response actually addresses the receivables quality problem Burry flagged is a different question entirely.

Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it is implementing Palantir Foundry to support the expansion of its autonomous maritime systems and services. The platform will be used to provide greater visibility across Ocean Power Technologies’ operations, including manufacturing,...

Foxtrot to lead implementation as OPT builds the digital infrastructure for a more connected, scalable operating modelMONROE TOWNSHIP, N.J., Sept. 03, 2026 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (“OPT” or the “Company”) (NYSE American: OPTT), a leader in intelligent maritime solutions and services, today announced that it is implementing Palantir Foundry through the Palantir for Builders program to support its expanding U.S. and international deployment footprint. OPT has engaged Fox